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It didn’t take too long for digital agriculture platforms to realise that selling services to farmers would rely on more than the simple availability of mobile internet and growing mobile subscriber numbers.
In the last twelve months, agritech companies offering products or services that addressed climate adaptation or mitigation attracted 53% of all funding into agritech startups.
Oyster Agribusiness is well on its way to deepen its impact on smallholder farmers.
Since the company’s launch in 2020, Winich Farms has built an ecosystem of more than 150,000 users including farmers.
Kenyan startup Twiga Foods raised $50 million in a Series C round. And some of its early investors received little liquidity through a $30 million secondary sale.
Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6 million Series A fundraise.
For urban Nigerians, it offers an investment platform where they can fund agricultural operations symbolised as a farm, whether livestock or crops.
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