Nigeria has received a boost from international community for the nation’s first digitalised agriculture platform aimed at empowering rural farmers through in built services it offers.
Farmcrowdy will provide farmers with access to improved seed, farm inputs, training on modern farming techniques and a market for the sale of their produce.
First piloted in 2016, Farmcrowdy has empowered more than 11 000 small scale-farmers across Nigeria and this year received additional seed funding of US$1 million.
This year, international investors Cox Enterprises and Techstars and local investor, Ajayi Solutions, were key players in raising funds.
Given the positive outcome of the initial funding, Farmcrowdy will use the money to continue building its award-winning model.
Cody Simms, a partner at Techstars said the company is astounded and applauses Farmcrowdy for its commitment to provide aid to farmers in Africa.
“Farmcrowdy’s mission to end poverty in Africa, one farmer at a time, since we first invested in the company in 2017 as part of Techstars Atlanta in partnership with Cox Enterprises.
“We are excited about the continued growth of the Farmcrowdy platform and thrilled to continue our support of the business with the most recent financing,” said Cody Simms.
Meanwhile, in line with the goal to keep building agritech solutions that will lead to the achievement of global food security, Farmcrowdy is proud to announce the launch of the Farmcrowdy Group.
Onyeka Akumah, the Chief Executive Officer of Farmcrowdy said the additional funding marks another milestone to amplify, the company’s presence and explore new opportunities.
“We are delving into the possibility of utilising drone services for field analysis, improving farmers yield with additional research and 3D mapping. We are also entering into formidable strategic partnerships that will grow the impact of our work,” Akumah.