AgTech Startups in Africa

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AgTech in East Africa has promise, but challenges remain. AgriProtein and Victory Farms face scalability issues; Komaza lacks impact beyond farmer cooperatives. Local leaders see potential, but emphasize the need for innovative solutions tailored to region-specific challenges.

Cummulative Funding

$618.3M+

Total # of Companies

144

Total Deal Count

362

Total M&A Count

1

Total # of Investors

374

List of AgTech startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Zambeef Products PLC is a production, processing, distribution and retailing of beef, chicken, pork, milk, etc.

Post-IPO Equity

$ 65,000,000

1994

2.

Thrive Agric is an agricultural technology startup connecting Farmers with Access to Finance, Premium Markets and Data.

Non-equity Assistance

$ 58,485,000

2016

3.

Victory Farms is the fastest growing white protein platform in East Africa.

Series A

$ 48,000,000

2015

4.

Komaza is making smallholder farmers the future of African forestry

Debt Financing

$ 47,900,000

2006

5.

Aerobotics is a data analytics company, using aerial imagery and machine learning algorithms to help farmers identify pest and disease early

Series B

$ 43,167,051

2014

6.

SunCulture is a Kenyan startup that empowers smallholder farmers with solar irrigation

Series B

$ 39,300,000

2013

7.

Wefarm is a network and marketplace for small-scale farmers to share and access vital information, products and services without internet.

Series A

$ 31,050,000

2015

8.

Complete Farmer is a Ghanian AgTech startup which allows users to own shares in tech-enabled farms

Venture

$ 20,050,000

2017

9.

Agricorp is a Nigerian company that provides global exports to clients of ginger sourced in key trading markets in Africa.

Series A

$ 17,800,000

2018

10.

The New Forests Company is an Africa-based forestry company with plantations and product base for export markets.

Venture

$ 15,200,000

2004

11.

Releaf is a Nigerian AgriTech startup which Manufactures agricultural machinery intended to help African food factories operate more efficiently.

Seed

$ 9,610,000

2017

12.

Hatch Africa is an Africa-centric poultry business targeting underserved rural households

Debt Financing

$ 9,500,000

2010

13.

Nigerias No 1 Online Farmers Market. We deliver fresh farm produce straight from the farm to our customers doorstep .Wholesale and retail

Series A

$ 9,460,000

2016

14.

YoLa Fresh has developed a platform that connects farmers directly with retailers and food service companies.

Seed

$ 9,000,000

2023

15.

KHULA! is a South African mobile marketplace for farmers.

Series A

$ 8,500,000

2016

16.

Tomato Jos is Empowering farmers through education, logistics and access to markets.

Series A

$ 6,645,855

2014

17.

Hello Tractor is a diversified ag-tech company focused on improving food and income security throughout sub-Saharan Africa.

Grant

$ 5,025,000

2014

18.

Shamba Pride is a one-stop online-to-offline platform that connects smallholder farmers to services and information through tech-powered “DigiShops”.

Seed

$ 4,900,000

2016

19.

ReelFruit is a Nigerian premium dried fruit company known for its high quality nutritious snacks

Series A

$ 3,050,000

2012

20.

Emata is a Ugandan AgTech startup revolutionising the way smallholder farmers in Africa access financing.

Seed

$ 2,525,000

2020

Founded

1994

Overview

Zambeef Products PLC is a production, processing, distribution and retailing of beef, chicken, pork, milk, etc.

Last round

Post-IPO Equity

Total raised

$ 65,000,000

Employee

5001-10000

Founded

2016

Overview

Thrive Agric is an agricultural technology startup connecting Farmers with Access to Finance, Premium Markets and Data.

Last round

Non-equity Assistance

Total raised

$ 58,485,000

Employee

11-50

Founded

2015

Overview

Victory Farms is the fastest growing white protein platform in East Africa.

Last round

Series A

Total raised

$ 48,000,000

Employee

501-1,000

Komaza

Founded

2006

Overview

Komaza is making smallholder farmers the future of African forestry

Last round

Debt Financing

Total raised

$ 47,900,000

Employee

101-250

Founded

2014

Overview

Aerobotics is a data analytics company, using aerial imagery and machine learning algorithms to help farmers identify pest and disease early

Last round

Series B

Total raised

$ 43,167,051

Employee

51-100

Founded

2013

Overview

SunCulture is a Kenyan startup that empowers smallholder farmers with solar irrigation

Last round

Series B

Total raised

$ 39,300,000

Employee

201-500

Wefarm

Founded

2015

Overview

Wefarm is a network and marketplace for small-scale farmers to share and access vital information, products and services without internet.

Last round

Series A

Total raised

$ 31,050,000

Employee

51-200

Founded

2017

Overview

Complete Farmer is a Ghanian AgTech startup which allows users to own shares in tech-enabled farms

Last round

Venture

Total raised

$ 20,050,000

Employee

11-50

Agricorp

Founded

2018

Overview

Agricorp is a Nigerian company that provides global exports to clients of ginger sourced in key trading markets in Africa.

Last round

Series A

Total raised

$ 17,800,000

Employee

11-50

Founded

2004

Overview

The New Forests Company is an Africa-based forestry company with plantations and product base for export markets.

Last round

Venture

Total raised

$ 15,200,000

Employee

11-50

Releaf

Founded

2017

Overview

Releaf is a Nigerian AgriTech startup which Manufactures agricultural machinery intended to help African food factories operate more efficiently.

Last round

Seed

Total raised

$ 9,610,000

Employee

11-50

Founded

2010

Overview

Hatch Africa is an Africa-centric poultry business targeting underserved rural households

Last round

Debt Financing

Total raised

$ 9,500,000

Employee

1,001-5,000

Founded

2016

Overview

Nigerias No 1 Online Farmers Market. We deliver fresh farm produce straight from the farm to our customers doorstep .Wholesale and retail

Last round

Series A

Total raised

$ 9,460,000

Employee

11-50

Founded

2023

Overview

YoLa Fresh has developed a platform that connects farmers directly with retailers and food service companies.

Last round

Seed

Total raised

$ 9,000,000

Employee

51-200

KHULA!

Founded

2016

Overview

KHULA! is a South African mobile marketplace for farmers.

Last round

Series A

Total raised

$ 8,500,000

Employee

11-50

Founded

2014

Overview

Tomato Jos is Empowering farmers through education, logistics and access to markets.

Last round

Series A

Total raised

$ 6,645,855

Employee

11-50

Founded

2014

Overview

Hello Tractor is a diversified ag-tech company focused on improving food and income security throughout sub-Saharan Africa.

Last round

Grant

Total raised

$ 5,025,000

Employee

11-50

Founded

2016

Overview

Shamba Pride is a one-stop online-to-offline platform that connects smallholder farmers to services and information through tech-powered “DigiShops”.

Last round

Seed

Total raised

$ 4,900,000

Employee

11-50

ReelFruit

Founded

2012

Overview

ReelFruit is a Nigerian premium dried fruit company known for its high quality nutritious snacks

Last round

Series A

Total raised

$ 3,050,000

Employee

51-200

Emata

Founded

2020

Overview

Emata is a Ugandan AgTech startup revolutionising the way smallholder farmers in Africa access financing.

Last round

Seed

Total raised

$ 2,525,000

Employee

11-50

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