The investment round was led by Pangea Africa Limited, with contributions from Root Capital, RDF Ghana, and the SEFAA Fund, managed by Sahel Capital.

This capital infusion is set to enable Oyster Agribusiness to expand its reach, directly impacting more smallholder farmers and enhancing sustainable agricultural practices across Ghana.

Founded in 2018, Oyster Agribusiness provides crucial support to smallholder farmers through access to sustainable agricultural inputs, improved agronomic practices, and a stable market for their produce.

Leveraging technology, the company powers its input distribution system and boosts yields using specialized tools like seeders and drones for efficient planting and spraying.

Oyster Agribusiness has already demonstrated a strong track record, having invested over GH¢60 million ($3.8 million) into the livelihoods of 4,500 smallholder farmers over the past five years.

To date, it has successfully cultivated more than 20,000 acres of farmland and supplied over 25,000 tons of produce to both local and international markets.

Commenting on the funding, CEO Edmond Kombat noted:

“This investment is a testament to the impact we’ve made with smallholder farmers and the tremendous potential we see in scaling our operations.”

“Together, we are working toward a more sustainable, inclusive, and resilient agricultural ecosystem in Ghana.”

Oyster Agribusiness’s progress aligns with Ghana’s growing agricultural sector, which has a projected market size of $3.40 billion in 2024 and is expected to reach $3.87 billion by 2029, marking a compound annual growth rate (CAGR) of 2.65%.

Agriculture remains a cornerstone of Ghana’s economy, and Oyster’s tech-driven, climate-resilient solutions contribute significantly to advancing the sector’s sustainability.