Within a year of its existence, FarmCrowdy secured funding of $1 m from venture capitalists and angel investors. Some of the investors were Cox Enterprises, Techstars Ventures, Social Capital, Hallett Capital and Right-Side Capital. Others were angel investors Tyler Scriven, Michael Cohn, Josephine Group, FC Agro Allied SPV and Dr. Christof Walter. FarmCrowdy is one of the agritech startups in Nigeria that are redefining farming as we know it. The million dollar investment goes to show the importance of technology in enabling agriculture.
FarmCrowdy uses technology to connect farmers with people who have the funds. This capital is very critical for farmers in Nigeria. One, it’s tough to access funds. Two, farmers need it to purchase farm inputs and implements. Agriculture is the biggest employer in Africa so it makes sense that more startups are innovating in that space. Here is an attempt to introduce you to a few of them.
#1 – Agritech Startups In Nigeria
ProbityFarms is helping farmers manage farm records
ProbityFarms helps farmers manage their activities in an efficient manner. It also helps them budget, monitor their investment and also access funds quicker. Farmers can manage operations such as planting activities, sales, accounting, inventory management and market access. Additionally, the application provides intelligence that helps farmers accurately predict farm activities throughout the planting season. This will then increase yields by up to 80%. Furthermore, ProbityFarms enables users generate cashflow statements that prove they are credit-worthy. Farmers can then use it to request for loans.
Olushola Ogunniyi and Wole Ogunlade are the founders of the startup. Wole shares useful tips for farmers in this article. They launched the startup in 2017.
#2 – Agritech Startups In Nigeria
FarmCrowdy is empowering farmers with capital
FarmCrowdy allows anyone fund a farmer to put it succinctly. Additionally, sponsors can decide what type of farm they want to fund. They will then receive regular updates about the farm. Furthermore, sponsors receive pay from sales of farm produce. Farmers can use the funds they receive from sponsors to purchase seedlings and other important farm input.
See below to listen to Faith History’s interview with Tope Omotolani VP, Operations at FarmCrowdy.
#3 – Agritech Startups In Nigeria
Hello Tractor is providing tractors to low-income farmers
Hello Tractor allows small scale farmers order and pay for tractors through SMS and mobile money. The startup does not own these tractors, instead it connects owners with technology that makes it easy to rent them out. The startup began operations in Nigeria in 2015. It is based out of Abuja, Nigeria’s Capital. Additionally, the startup provides tractor owners with a telematics device. This device uses satellite to provide tractor operation data when attached to tractors. The startup uses a fleet management app to access this data. The data includes insight on location of a tractor. It also provides information on what a farmer is using a tractor for and when.
You can also learn more about the startup here.
#4 – Agritech Startups In Nigeria
Growsel is empowering smallholder farmers to end poverty & hunger
Growsel provides small scale farmers with funds to grow their business. It also provides large scale farmers with funds from investors. These investors can be individuals. Investors can select a farm of their choice to sponsor. Additionally, investors can receive updates of all farming activities. Investors can receive return of investment between 10% – 30%.
Growsel also provides support to farmers in the form of improved seeds, chemicals, fertilizers etc. Furthermore, the startup provides farmers with funds for direct labor, weeding and farm management related needs. These funds are given on a needs basis. It also assists farmers with buyers who are always available to purchase the farm produce. You can learn more about the startup here.
#5 – Agritech Startups In Nigeria
ThriveAgric is on a mission to ensure food security
ThriveAgric is a digital agriculture startup that is backed by Ventures Platform. It collects funds from whoever can provide it and then uses it to fund farmers. It is similar to FarmCrowdy and Growsel. Individuals can participate in its four step process. This includes creating an account and choosing a farm. It also includes receiving farm updates and returns on investment after sales of farm produce. Some of the farms investors can choose from are maize, cowpea and rice farms. Investors can also fund poultry farms, groundnut farms and soybeans farms, just to mention a few. You can read more about the startup here.
#6 -Agritech Startups In Nigeria
Growcropsonline allows everyone run a farm from their homes
Growcropsonline helps individuals actually run their own farms. Unlike the other agritech startups, it doesn’t connect investors with farmers . With this startup, users can select a crop, rent land and get people to do all the work. Clients can then choose to either sell the farm produce or get it delivered to them. The startup works with a network of farm managers, extension workers and also real farmers.
Find out more about the startup in below interview:
#7 – Agritech Startups In Nigeria
Alosfarm is simplifying how farm produce is sold
Alosfarm simply connects buyers with farm produce. Its mission is to make the purchase of farm produce easier for everyone. Alosfarm uses a smart supply chain system that cuts down wastage to zero. It also ensures that all farm produce go through quality check. This will then ensure that fresh farm produce are delivered to customers. Farmers can sell directly to customers. Alosfarm started out in December 2017 and currently has a team of four. Furthermore, the founders have experience in rural farming. Click here to read more about the startup.
#8 – Agritech Startups In Nigeria
Iyali Foods wants to make farm fresh food easily accessible
Iyali Foods is an agritech startup that delivers farm fresh food to Nigerians. Seyi Albert is the Founder at Iyali Foods. Seyi’s grandparents were farmers and he spent some time on their farms. The startup’s goal is to make affordable food easily accessible. Iyali Foods helps farmers prevent food wastage resulting from logistical issues. The startup has built a logistical system that delivers to its clients in a short time. It is able to source farm produce from farmers & related partners who are nowhere near its end consumers.
See below to learn more about the startup from Seyi Albert’s interview with Faith History:
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