_techcrunchSource.png?alt=media&token=9e692c29-55a7-4c2b-88fa-59679321178b)
Ghana's Complete Farmer Raises $10.4M to Revolutionize Agriculture and Connect Farmers with Global Markets 🇬🇭
Africa's agricultural sector plays a crucial role in the continent's economy, but challenges in the supply chain and infrastructure hinder its participation in global markets. To address these issues, Ghanaian agritech company Complete Farmer has secured $10.4 million in funding to transform farming practices and enhance efficiency in the agricultural value chain.
Africa's agricultural sector is essential, but smallholder farmers and supply chain limitations make it challenging to participate in global markets. Ghanaian agritech Complete Farmer raised $10.4 million in a recent funding round to address these issues. Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital co-led the equity investment, with participation from Proparco, Newton Partners, VestedWorld Rising Star Fund, and others.
Complete Farmer is an end-to-end agricultural marketplace connecting African producers with global industries. It leverages cultivation protocols to ensure crops meet global market specifications. The platform has successfully brought together over 12,000 farmers across Ghana, overseen the cultivation of over 30,000 acres of land, and generated significant revenue growth.
The company offers two primary solutions: CF Grower, helping African farmers optimize productivity, and CF Buyer, providing global purchasers with access to commodities grown to their specifications. The funding will support the expansion of these products, forge strategic partnerships, and enhance domestic operations, enabling Complete Farmer to continue its growth trajectory.
Key Points:
- Africa's agricultural sector has a significant impact, but challenges hinder participation in global supply chains.
- Ghanaian agritech Complete Farmer raised $10.4 million to enhance agricultural practices and efficiency.
- Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital co-led the equity investment.
- The platform connects over 12,000 farmers and oversees cultivation on over 30,000 acres of land.
- Complete Farmer offers CF Grower to optimize farmer productivity and CF Buyer for global purchasers.
- Revenue growth has been substantial, with plans to expand product lines and operations.
Complete Farmer is on track for continued growth, with plans to introduce new product lines and expand its operations in Ghana and beyond.
Read more on TechCrunch
_coinTel.jpg?alt=media&token=5d4add11-7b6b-417e-a025-15520376ef7a)
_rest.PNG?alt=media&token=70794985-e3c8-4ad2-ba54-5e0c2a6fcc1a)
_DisruptAfricaSource.jpeg?alt=media&token=ae5e4c13-738c-4e15-9a29-2bd791d7bbd0)