
Seedstars Africa Ventures I Achieves $42 Million First Close to Support African Startups
Seedstars Africa Ventures I, a venture capital fund dedicated to early-stage startups in Africa, has reached a landmark $42 million first close.
Acumen has invested in Wami Agro, a Ghanaian agritech start
Wami Agro helps smallholder farmers increase their incomes through technology-driven solutions.
The company offers three main services:
Wami Market – A fleet of trucks collects produce from farmers and delivers it to warehouses.
The produce is sorted, packed, and transported to buyers. Wami’s “Pukpara” platform improves these operations, ensuring fair prices and market access.
Wami Credit – A digital platform that helps village savings and loan associations (VSLAs) assess credit scores. This improves access to financing for seeds, fertilizers, and equipment.
Wami Info – Training programs that equip farmers with knowledge and climate-resilient farming practices.
Since its launch, Wami Agro has built a network of over 14,000 smallholder farmers.
They mainly grow rice, maize, soya, and sorghum. The company also works with around 50 aggregators and producers, selling more than 5,000 tonnes of grains.
With Acumen’s support, Wami Agro plans to scale operations and expand sourcing to Sierra Leone and Burkina Faso.
The company will also roll out its Pukpara farm management platform.
“This investment will help us expand, improve technology, and drive positive change in agriculture,” said Caleb Edwards, founder of Wami Agro.
Babatunde Usman, an investment manager at Acumen West Africa, praised Wami Agro’s work:
“Their commitment to smallholder farmers aligns with Acumen’s values. We are excited to support their efforts to create sustainable agricultural impact,” he said.
“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.
Seedstars Africa Ventures I, a venture capital fund dedicated to early-stage startups in Africa, has reached a landmark $42 million first close.
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