Agritech startup Thrive Agric launches US$10m project to support smallholder farmers

NIGERIA – Thrive Agric, the Abuja-based agritech startup, has launched a one-year project that aims to support 50 000 smallholder farmers and will be supported and conducted in collaboration with the USAID-funded West Africa Trade & Investment Hub’s (Trade Hub). As part of its partnership with the Trade Hub, Thrive Agric has committed to raising at least US$10 million to fund this support while Trade Hub will invest US$1.75 million grant. The farmers to be supported are the ones that grow rice, maize, and soybean in Nigeria, as part of…

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Agritech Startup MooMe secures investment from Maxula Seed Fund

TUNISIA – Maxula Gestion, a manager and distributor of the Startup Maxula Seed Fund, has announced a new investment in Startup MooMe, a decision-making system for farmers. With this investment, MooMe will create synergies with the company Nour Agricole specializing in the manufacture of cattle feed, in order to support thousands of cattle breeders and also help veterinarians to better manage their projects. Startup Maxula Seed Fund, to which the insurance company MAE (Mutuelle Assurance de l’Enseignement) and the Arab Tunisian Bank (ATB) are subscribed, mainly intervenes to help promoters…

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FMO plans to inject US$2.5m in SA agri-tech startup Aerobotics

SOUTH AFRICA – Dutch development financier FMO is seeking to invest R42.75 million (US$2.5m) in Aerobotics, a South African Agritech company. The proposed investment will come from FMO’s Building prospects fund and will support the company’s operations, expansion and technology development. Aerobotics is active in the farm management software, sensing and IoT space and has developed an orchard monitoring, yield estimation and insurance reporting product that supports precision agriculture in the high value tree crops segment i.e. citrus, berries and nuts. Key components of the solution are field management, pest and…

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Agritech start-up Lentera to hold fundraising for expansion of solutions to farmers

KENYA – Lentera, a Kenyan Agri-tech startup, is raising a US$560,000 funding round to build out crop-specific versions of its climate smart solutions for African farmers. Lentera started as a soil health and crop nutrition company, formulating and manufacturing a range of organic fertilisers. But after serving thousands of farmers across the country, it realised that in addition to high quality inputs, farmers also needed advice on subjects such as what crops to plant, when to plant them, when to irrigate, and when to scout for pests and diseases. “In…

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Village Capital Selects 9 Startups For Agriculture Africa Accelerator Program

AFRICA – Village Capital has named nine startups from across the continent for the Agriculture Africa accelerator, which will offer two winning ventures US$50,000 each in funding. Village Capital runs a host of accelerators across Africa using its innovative peer-selection method, Village Capital, which invited applications for the program from Agritech startups earlier in June, said the Agriculture Africa 2019 is focused on solutions that improve outcomes for small farmers and address food security issues. This year, the Agriculture Africa Accelerator programme has partnered Small Foundation and Ceniarth, the latter…

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Kenyan Agri-Tech Startup Taimba gets US$100K funding from coLABS

KENYA – GMC coLABS, the gender lens portfolio US based impact investor Gray Matters Capital has announced a US$100,000 funding to Taimba, a Nairobi based B2B Agri-Tech start-up. Taimba, which runs a mobile-based cashless platform connecting rural small scale farmers to urban retailers, will use the funding to strengthen its infrastructure and increase delivery logistics to cater to 6 new markets in Nairobi. Dominique Kavuisya, Co-Founder and CEO, Taimba said, “We are delighted to become a part of Gray Matters Capital’s portfolio through the coLABS funding. “This is a validation…

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