For the last 6-7 years, funding for the Agritech industry has increased across the African continent and has risen year after year. The major hotspots include South Africa and Kenya.

The Agritech industry is in the 8th rank based on the number of startups, but when it comes to the amount of capital raised, it comes in at the 5th position. 

Between FY2015 and FY2020, the funds raised by Agritech startups have aggressively increased; below is a chart that depicts the increase in funding (in USD).

Source: Disrupt Africa

Around USD 59.99 Million was raised by the Agritech industry in Africa alone in 2020. When compared to the amount raised in 2019, it is has increased by 23.7%. 

The average amount of capital raised by Agritech startups in Africa was USD 3.7 Million in 2020, USD 2.8 Million in 2019, and USD 1.8 Million in 2018.

In this article we have gathered the top 10 Agritech startups in Africa, which have brought a massive uptrend in the market.

10. Hello Tractor

Founders: Jehiel Oliver, Van Jones

Founding Year: Jun 16, 2014

Headquarters: Abuja, Federal Capital Territory, Nigeria

Funding received: USD 15 K

Investors: Founders Factory Africa, Bosch

Described as “Uber for Tractor”, the Hello Tractor app matches farmers who are looking for tractors with owners who are looking to lend their tractors. This Agritech startup was selected as one of the 11 startups to join MasterCard’s Start Path engagement programme. This program provides startups with access to industry experts and infrastructure, helping them diversify and grow their operations and build the business.

09. Bulrush Agritech

Founders: Kristi Rennie, Sean Rennie

Founding Year: 2019

Headquarters: Cape Town, South Africa

Funding received: USD 17 K 

Investors: Akro

Bulrush Agritech focuses on supporting the people at the very beginning of the modern food chain, i.e. farmers, with a simple and interactive digital tool that enables increased profitability, regenerative livestock, and efficient farming practices.

The company provides several tools, one of them is Stockman, a digital livestock management software for profitable and efficient grassland gazing. 

08. Complete Farmer

Founders: Desmond Koney, Zoussi Ley

Founding Year:  Aug 2017

Headquarters: Accra, Greater Accra, Ghana 

Funding received: USD 50 K 

Investors: Village Capital, Ingressive capital, Westerwelle Young Founders Programme

Complete Farmer is an Agritech startup that functions as a crowd-farming platform that offers an opportunity to invest in building sustainable farms. Its customers can become “crowd farmers” by investing in farms of Africa and remotely monitor them. 

Complete farmer also offers data and information regarding how to produce healthy yields and best practices by offering a data-driven way to scientifically improve farming. 

07. iProcure

Founders: Nicole Galletta, Stefano Carcoforo

Founding Year: 2012

Headquarters: Nairobi, Nairobi Area, Kenya

Funding received: USD 92 K

Investors: Safaricom, Investment Development

iProcure is Africa’s largest supply chain platform. The company’s platform connects small scale farmers to the manufacturers of agricultural inputs used as fertilisers, animal feed and products for plant protection for organic farming. Farmers can buy all the supplies they need through mobile vouchers on the platform.

06. Livestock Wealth

Founders: Ntuthuko Shezi

Founding Year:  2014

Headquarters: Johannesburg, South Africa

Funding received: USD 131 K

Investors: Mass Challenge, AlphaCode Club

Livestock Wealth is a company that focuses on crowdfunding for cattle. It connects the investors with farmers who require fundraising for cattle. The company’s platform recently extended its services to include a shared farming project that sells and buys grass-fed and free-range beef.

05. Agrocenta

Founders: Francis Obirikorang, Michael K. Ocansey

Founding Year: 2015

Headquarters:  Port Louis, Mauritius

Funding received: USD 2.2 million 

Investors: AB Ventures, Rabo Foundation, Shell Foundation, Seed Star, Foreign & Commonwealth Office –  UK.

Agrocenta, an Agritech startup, fills the gap in the post-harvest value chain. A hefty amount of labour, money, and time goes into cultivating and growing the crops. Even a slight delay in the sale of the produce leads to a heavy loss for the farmers. So to tackle that, Agrocenta came up with a platform for digital food distribution, where the farmers can directly contact the buyers in the online market where they could sell their goods without any disruption.

04. Farmcrowdy

Founders: Akindele Phillips, Christopher Abiodun, Tope Omotolani

Founding Year: 2016 

Headquarters: Lagos, Lagos, Nigeria

Funding received: USD 2.4 million 

Investors: Ajayi Solution, Cox Enterprises, TechStars, GSMA Ecosystem accelerator, Social Capital, Joshapine Group, Hallet Capital

Farmcrowdy is a Nigerian Agritech startup that has been emphasising food security and improving food production in Africa. The motive they always follow is  ‘empower farmers with technology.’ 

Farmcrowdy offers farmers the market analysis tools and data, with cutting edge digital solutions for pricing, decision making, weather data tracking, and GPS.

03. Apollo Agriculture

Founders: Benjamin Njenga, Earl St Sauver, Eli Pollak

Founding Year: 2015

Headquarters: Nairobi, Nairobi Area, Kenya

Funding received: USD 11.2 million 

Investors: Anthemis Group, Leap by Bayers, Flourish Ventures, Accion Venture Labs, Rabo Bank, FMO 

Apollo Agriculture is an Agritech company that helps small scale farmers maximise their profitability. The startup has developed its own platform, outreach program and app to engage and connect farmers across the country.

02.  Aerobotics

Founders: Benjamin Meltzer, James Paterson

Founding Year: September 2014

Headquarters: Cape Town, South Africa

Funding received: USD 27 million 

Investors: Endeavour Catalyst, Naspers Foundry, AfriInvest, FMO, Platform Investment Partners, Paper Plane Ventures, Cathay Innovation, AgFunders.

Aerobotics aims to provide farmers with insights by using drones. The customers of Aerobotics get exclusive data and information from satellite and drone images to manage farm efficiency. 

01   AgriProtein

Founders: David Drew, Jason Drew

Founding Year: 2008

Headquarters: Cape Town, South Africa

Funding received: USD 122 million 

Investors: Twynam Agriculture Group 

Agriprotein produces protein and feed components made from waste nutrient sources intended to feed fish, poultry and pigs. The company acquired Milibeter, an insect feed company, in 2018. It is pioneering waste-to-nutrient insect technology to recycle the waste which is organic and turn it into sustainable and premium protein.

For more extensive analysis and Market Intelligence reports, feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!

Previous articleSoftware testing startup BrowserStack raises US$ 200M
Next articleExplained: The Global Chip Shortage


Please enter your comment!
Please enter your name here