The Africa Agrifoodtech Investment Report 2022 by AgFunder, FMO and BII reveals that $482.3 million was invested into the agrifoodtech industry in 2021
The UK alternative protein sector could be a leader but it needs to improve its regulatory process and provide more funding to support its growth.
Neruva Technologies is a Kenyan-based startup that’s leveraging indoor farming to simplify agriculture and bring food production to urban markets.
The trend for African alternative protein startups is coming to the African continent. Here’s a closer look at five of them.
Ivy Farm, a cultivated meat startup in the UK, just unveiled what it claims to be Europe’s largest cultivated meat pilot plant.
St. Louis-based Peptyde Bio hopes to strengthen the power of bio-fungicides with its platform that designs and discovers anti-microbial peptides.
Indian insect biotech startup Loopworm secures $3.4m seed round led by Omnivore and WaterBridge to scale up research and development and production.
Kenya’s iProcure closes $10.2 M in a Series B led by impact investor I&P
Ghana’s Wangara Green Ventures is an impact and climate focused fund supporting small and growing climate-friendly businesses.
American ag equipment manufacturer John Deere made a minority investment into the tractor sharing and management platform, Hello Tractor. Here’s why.
Farmley, India’s dried fruit and nuts marketplace, secured $6m in Series A funding led by DSG Consumer Partners and Alkemi Growth Capital
Ghanaian agrifintech AgroFides is linking farmers to lenders and using its credit scoring tools to build their financial profiles to unlock more financing.
Taimba, a Kenyan B2B agritech startup, has expanded its marketplace to offer transportation, cold storage, fintech solutions and is now eyeing up input procurement too.
Marica Quarsingh calls her cell-cultured seafood startup, Sea-Stematic, the “Tesla of seafood” to communicate how seafood should be produced: sustainably and with the right market insights.
Crop2Cash’s online sales and payments marketplace is helping Nigeria’s unbanked farmers build a financial identity and improve their livelihoods.
Nigeria’s female-led Traders of Africa is helping facilitate the trade of African sourced produce, bridging the trust divide between buyers and sellers while at it.
In providing access to quality inputs, financing, and training, Good Nature Agro is aiming at ultimately helping Zambia’s farmers – the primary income earners in rural Zambia – transition to the middle class through higher incomes.
Eastern and Southern Europe have recently seen the entry of Tarfin and Agro.Club, two agri-fintechs that are expanding into new markets. These regions have sufficient data availability which can be used to localize risk algorithms. They also have a large population of small to medium-sized farmers.
The US-based company provides ag biotech startups with many of the complex processes and equipment required to grow genetically engineered plants at scale.
For Earth Day 2022, we explore some of Africa’s ecosystem enablers working to support and finance climate-smart agriculture startups.
