Nigerian agritech startup Farmcrowdy raises $1m in additional seed funding

Nigerian agritech startup Farmcrowdy raises $1m in additional seed funding

Nigerian agritech startup Farmcrowdy raises $1m in additional seed funding

Lagos based agritech startup Farmcrowdy has announced that it has raised $1-million in additional seed funding from Cox Enterprises, Techstars and local investor Ajayi Solutions.

Farmcrowdy connects farm sponsors to farmers in a bid to increase high-quality food production. The startup does this by using sponsors’ funds to secure land, buy implements, and to insure farmers as well as their produce.

In a statement yesterday (21 March) announcing the funding, Farmcrowdy said the investment will finance the startup’s expansion across half of Nigeria’s 36 states over the next 12 months.

Farmcrowdy will use the additional seed funding to expand across half of Nigeria’s […]

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