After months of hard work, collaboration and testing, Farmcrowdy announced the launch of its revamped Farmcrowdy website. The new website is live and can be accessed at www.farmcrowdy.com. Farmcrowdy is Nigeria’s first digital agriculture platform that empowers rural farmers by providing them with access to improved seed, farm inputs, training on modern farming techniques and a market for the sale of their produce.
Since launching in 2016, Farmcrowdy has empowered more than 11 000 small scale-farmers across Nigeria. Farmcrowdy has received additional seed funding of US$1 million (R14.4 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.
“Techstars has been deeply impressed by 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, a partner at Techstars.
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.
CEO of Farmcrowdy, Onyeka Akumah, said: “The announcement of this additional funding marks another milestone for us as we amplify our presence in the country 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, and entering into formidable strategic partnerships that will grow the impact of our work. We’re continually grateful that we have a group of investors who share and support our vision as much as we do. It is a great source of motivation for the entire team as we look to the next phase of growth as a company.” – Farmcrowdy