Winich Farms, a Nigerian agritech company, has secured $3 million in pre-series A funding to expand its order fulfillment centers and improve its technology. This funding round, led by Acumen Resilient Agriculture Fund (ARAF), includes investments from Climate Resilient Africa Fund, Marula Square, Plug and Play Tech Centre, and Tekedia Capital. The company aims to strengthen its operations by building regional distribution hubs and reducing delivery times.

• 🌱 Founded in 2020, Winich Farms connects rural farmers to retailers, offering fair pricing and efficient delivery through a mobile app.
• 🚚 With over 4,000 agents and a growing network, Winich Farms processes orders up to $2.2 million monthly and has scaled its gross merchandise value (GMV) by 300% since 2022, reaching $30 million.
• 🏬 The agritech plans to establish fulfillment centers across Nigeria to speed up deliveries and provide access to financial services for farmers through its partnership with Sterling Bank.

With the new funding, Winich Farms is poised to compete in Africa’s expanding agritech market, offering solutions that enhance farmers’ productivity and food security across the continent.

Key Takeaways:

• $3 million funding to scale operations.
• Expansion into regional fulfillment centers for faster delivery.
• Growing network of over 4,000 agents and 150,000 users.

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