Releaf recently raised $4.2 million to build palm oil processing facilities across Nigeria that it claims can boost the sector’s productivity 200x.
The impact investor aims to prove the commercial “climate resilience” opportunity in African agtech ventures like Kenya’s SunCulture and Nigeria’s Tomato Jos.
The e-commerce company said it’ll re-invest its profits into a new ‘non-commercial’ initiative aimed at promoting agtech, digitalization, and rural development in China.
The trio are using tech to help the world’s poorest farmers improve their yields and increase their incomes.
The Chennai-based startup will use the pre-Series A funds to strengthen its fintech offering, while also boosting the volume of seafood exports it handles.
Having overtaken e-commerce behemoth Alibaba on the active buyers front, Pinduoduo’s looking upstream at alt-protein and logistics tech, its sustainability head tells AFN.
OneSoil uses machine learning and satellite imagery to offer agricultural analytics and field insights for farmers at no cost.
“If I tell suppliers I have 25% of retailers on my platform, that’s a very solid proposition compared to 5% of farmers,” Agrim co-founder Mukul Garg tells AFN.
The Microsoft co-founder commented on the acquisitions for the first time since he and wife Melinda were revealed as the top private farmland owners in the US earlier this year.
This latest injection follows a $182 million round late last year which was co-led by Baidu Ventures and SoftBank Vision Fund II.
The UK-based network for smallholders secured funding from new and existing investors including AgFunder, Octopus Ventures, and Rabo Frontier Ventures.
Demetria is replacing the antiquated coffee quality assessment process by using AI and near-infrared technology to scan beans before they’re brewed.
Provivi will use the funds to sell its pheremone-based pest control products to smallholder farmers in Kenya, Bangladesh, and India at cost.
With this aqui-hire, DeHaat – which serves over 380,000 farmers across India – will be able to add financial services for farmers to its platform.
ListenField’s API ecosystem combines satellite, weather, and in-field data with crop modeling, phenology, and genotype selection to improve yields for rice and other crops.
Japfa aims for “viable solutions that improve the production of quality proteins and, ultimately, the nutrition of millions of people,” says Tan Yong Nang.
The Indian startup plans to build out its lending capabilities, as well as adding insurance and crop spraying to its roster of farmer-focused services.
Delhi-based Arya, which provides grain storage and loans to smallholders, is fintech investor Quona Capital’s second ag finance deal.
The Guangzhou-based startup offers UAVs for fertilizer and pesticide application, remote sensing, and seeding – and has also branched out into ground-based robots, cameras, and sensors.
The funding will enable the Indian startup to take its rapid soil testing kit and analytics services to the country’s 130 million smallholder farmers.
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