Ghanaian Agtech Farmerline Raises $1.5M From Dutch Investor Oikocredit
09/27/22, 7:04 AM
Location
ghana
Money raised
$1.5 million
Industry
real estate
Round Type
seed
Ghanaian agtech Farmerline has secured $1.5 million equity funding from Dutch impact investor Oikocredit in its second close of the pre-series A round. The new funding brings the total amount raised in the round to $14.4 million, including $6.4 debt funding.
Company Info
Location
ghana
Additional Info
We create access for all players in the agricultural value chain
Farmerline is a company that develops solutions to increase access to farmers and simplify transactions throughout the agricultural value chain. Our focus on creating lasting profits for farmers everywhere has fueled our innovations from the very onset. We are the first organisation in Africa to give farmers access to information through voice messages in local languages, effectively bridging the knowledge gap among smallholder farmers. We are building the “Amazon” for farmers where they can access these timely services and other quality resources at affordable prices in their community.
Since our inception in 2013, we have gone beyond serving farmers with information and resources that increase their yield. Now, we also provide global organisations with the tools they need to reach, engage and transform the agricultural last mile.
Our belief in the power of technology to ensure sustainability across the agricultural value chain gave birth to Mergdata (www.mergdata.com); a mobile and web application for last-mile engagement.
With this technology, we ensure that all last-mile engagements create access for all players, ensure transparency and efficiency, and ultimately, contribute to global food security.
The software also offers real-time traceability, certification audit, farm mapping, farmer education, and analytics solutions to help organizations that work with farmers achieve their sustainability and food security goals efficiently. Mergdata uses big data and AI to give organisations insight into the work of farmers and to give farmers increased access to resourced and services; including financial services.