New Investments
Village Capital Invests $850,000 in Kenyan and Nigerian Agritech Startups
Village Capital, a global nonprofit investor in early-stage companies, has announced investments in Kenyan startup Aquarech and Nigerian startup Coamana.
The two agritech firms will receive a combined $850,000 as part of Village Capital’s Reducing Inequalities Investment Facility, funded by FMO’s MASSIF Fund.
Aquarech is addressing challenges faced by fish farmers by offering a buy-now-pay-later (BNPL) solution for fish feed.
The startup also provides training and agricultural tools to enhance farming practices and boost incomes.
Coamona, founded in 2018, is digitizing farmer management processes.
Its marketplace platform, Amana Market, connects farmers and traders and offers services such as product sales, loans, and real-time market information.
The startup aims to improve farmers’ incomes by enabling data-driven decisions on when and where to sell their produce.
“We are excited to support Coamana in building a robust digital infrastructure for agricultural trade across Africa,” said Kavon Badie, Investment Officer at Village Capital.
These investments highlight the growing trend of tech-driven solutions addressing agricultural challenges in Africa.
These startups are contributing to the continent’s agricultural development by bridging the gap between farmers, consumers, and businesses.
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...
Nigerian Food Delivery Startup Chowdeck Secures $2.5 Million in Seed Funding
Chowdeck, a fast-growing Nigerian on-demand delivery service, has secured $2.5 million in seed funding to fuel its expansion plans within the country.
Egyptian fintech startup Money Fellows secures $4 million from Arzan Venture Capital
The strategic funding is set to accelerate Money Fellows’ mission of transforming traditional savings and credit associations through its innovative tech-driven platform.
South African Insurtech Startup Root Secures $1.5M for Europe Expansion
Root, a South African insurtech startup, has secured $1.5 million in funding to accelerate its expansion plans in the UK and Europe.