Wefarm secures $13 million in funding to scale its smallholder agricultural ecosystem in Africa

Techloy
Techloy
Nov 7 · 1 min read

Wefarm, a UK-based digital network for global small-scale agriculture, has raised $13 million in a Series A financing round led by Silicon Valley-based venture capital firm, True Ventures.

The funding will be used to further scale up its network of 1.9 million farmers, and its newly created Marketplace, to connect farmers in Africa, even those without internet access, to the information, products and services they need to be more successful.

Wefarm’s Marketplace allows farmers to easily access quality products and services, such as seeds, fertilizers and a range of other non-agricultural items from trusted retailers and brands.

The company received significant follow-on investment from LocalGlobe, ADV and Norrsken Foundation, with True Ventures leading the funding round, while AgFunder, June Fund and other investors participated in the round.

Last year October, it announced that it has reached over 1.1 million users across Kenya and Uganda — with one in five farms in Kenya and Uganda using the network — and says it will expand into the rest of Africa in 2019, beginning with Tanzania.

Techloy | African technology news and startup culture

Techloy is a digital publication covering technology and innovation in Africa, since 2008.

Techloy

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Techloy

Covering news and insights about innovation and technology in Africa. Get in touch: hello@techloy.africa

Techloy | African technology news and startup culture

Techloy is a digital publication covering technology and innovation in Africa, since 2008.

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