Complete Farmer, a Ghanaian agritech startup, has secured $10.4 million in pre-Series A funding to streamline its operations and expand its reach.

The funding round was co-led by the Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital (via its uMunthu II Fund in partnership with Goodwell Investments).

Other participants in the round include Proparco, Newton Partners, VestedWorld Rising Star Fund, Sahel Capital’s SEFAA (Social Enterprise Fund for Agriculture in Africa) Fund, Alpha Mundi Group’s Alpha Jiri Investment Fund, and Global Social Impact Investments.

Complete Farmer is an end-to-end agricultural marketplace that provides African producers and industries across the globe with competitive markets, resources, and data.

It utilizes in-house cultivation protocols for crop production, ensuring that small and large-scale farmers can rear crops and other agricultural products that satisfy international market needs, reducing post-harvest losses.

The company was founded in 2017 by Desmond Koney, who was inspired to start the business after inheriting his father’s farm and discovering the many challenges faced by farmers in Ghana and across Africa.

Complete Farmer has since grown to become one of the leading agritech startups in Ghana, working with over 10,000 farmers and supplying buyers in over 10 countries.

The new funding will be used by Complete Farmer to expand its team, develop new products and services, and reach more farmers and buyers.

The company plans to launch a new finance solution that promotes remittances from buyers to farmers, as well as a vendor outlet that facilitates the purchase of fertilizers and commodities by farmers.

The investment in Complete Farmer is a sign of the growing interest in agritech in Africa.

The continent is home to over 60% of the world’s arable land, but its agricultural sector is still underdeveloped.

Agritech startups are playing a vital role in addressing this challenge, using technology to improve efficiency and productivity across the agricultural value chain.