New Investments
Aquarech Secures $1.7 Million to Empower Kenyan Fish Farmers
Aquarech, a Kenyan fish farming startup, has announced a successful $1.7 million equity funding round that will fuel its mission to empower small-scale fish farmers in Kenya.
The funding, led by Aqua-Spark, a global aquaculture investment fund based in the Netherlands, will enable Aquarech to expand its reach and impact, providing much-needed support to Kenyan fish farmers.
Founded in 2019, Aquarech has developed an innovative mobile app platform that revolutionizes fish farming practices.
Founded in 2019, Aquarech has developed an innovative mobile app platform that revolutionizes fish farming practices.
The platform connects farmers directly to suppliers of high-quality fish feed, eliminating the challenges associated with accessing quality feed.
Additionally, the app provides valuable educational resources on aquaculture best practices, empowering farmers to enhance their productivity and profitability.
Aquarech’s comprehensive approach to supporting fish farmers extends beyond providing access to quality feed and knowledge.
Aquarech’s comprehensive approach to supporting fish farmers extends beyond providing access to quality feed and knowledge.
The startup also offers climate-smart precision fish-feeding techniques, market access, technical training, and financial assistance, including a 90-day credit period for feed payments.
This holistic approach addresses the key challenges small-scale fish farmers face, enabling them to achieve sustainable and profitable fish farming practices.
The $1.7 million funding round includes contributions from Acumen, Katapult, and Mercy Corps Ventures, demonstrating the strong support for Aquarech’s mission.
The $1.7 million funding round includes contributions from Acumen, Katapult, and Mercy Corps Ventures, demonstrating the strong support for Aquarech’s mission.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Cleantech Investor Gaia Impact Raises New $42M Fund to Invest in African Startups
Gaia Impact, a cleantech investment firm focused on Africa, has raised a new $42 million fund to support early-stage startups developing sustainable solutions for the continent.
September 29, 2023
South African Insurtech Startup LeaseSurance Raises Seed Funding to Drive Growth
LeaseSurance, a South African insurtech startup that has developed a platform to replace security deposits in rental real estate, has raised $161,000 in seed funding.
September 1, 2023
Egyptian Logistics Startup OneOrder Secures $16 Million in Series A Funding For Expansion
OneOrder, a leading Egyptian logistics company, has secured $16 million in a Series A funding round.
May 26, 2024
