Kenyan agtech startup FarmWorks has raised $4.1 million in a pre-Series A funding round led by Acumen Resilient Agriculture Fund, with participation from Livelihood Impact Fund, Vested World, family offices, and angel investors. The total equity funding raised by FarmWorks now stands at $5.6 million. The company plans to use the funding to enhance its data analytics capabilities and utilize AI to improve production and decision-making in planting and lending. FarmWorks operates an out-grower scheme that connects over 2,000 smallholder farmers, providing them with farm inputs, pest control services, and farming equipment on loan. The startup aims to expand its network of contract farmers in other regions of Kenya, in addition to the two counties where it currently operates. FarmWorks also focuses on educating farmers about good agricultural practices to enhance production and yields. The startup sells about 400 tons of farm produce each month and seeks to address challenges faced by small-scale farmers in Kenya, such as lack of quality inputs, agricultural information, advisory support, and reliable markets.
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