AgriTech platform, FarmCrowdy raises $1 million in additional seed funding to expand across Nigeria

Techloy
Techloy
Mar 22, 2019 · 1 min read

Nigeria’s leading digital agriculture platform, Farmcrowdy has closed an additional seed funding round of $1 million, following its initial investment round of $1 million back in 2017.

The investment, which would be used to continue building the model, expand across Nigeria to cover 50% of all 36 states in the country over the next 12 months, was made by International investors Cox Enterprises and Techstars, with local investor Ajayi Solutions participating in the round.

Since its launch back in 2016, Farmcrowdy has empowered over 12,000 farmers across 14 states in Nigeria, reared close to 2,000,000 broiler birds as part of its poultry farm cycles and cultivated over 16,000 acres of farmland with over 35,000 farm units sold to date.

With farm sponsors in Nigeria and across the diaspora, Farmcrowdy is effectively growing a community model that is set to continue the empowerment of local farmers and facilitate food production in Nigeria and eventually across Africa.

Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data…

Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data about business, finance and technology, using infographics and charts to help people and brands make better decisions.

Techloy

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Techloy

Covering news and insights into technology and business in Africa. Get in touch: techloy.com@gmail.com | +2348022000969

Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data about business, finance and technology, using infographics and charts to help people and brands make better decisions.

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