ImpactAlpha, September 25 – Complete Farmer started as a “crowdfarming” platform to connect Ghana’s smallholder farmers to funders. It has grown into an agri marketplace so farmers also gain access to inputs, advice and markets.
The company raised a $7 million pre-Series A equity round from Acumen’s Resilient Agriculture Fund, or AFAF, Alitheia Capital, Proparco, VestedWorld and DP World.
Sahel Capital, AlphaJiri Investment Fund and Global Social Impact Investments provided $3.4 million in debt.
The growth of Africa’s agriculture sector, which supports the majority of livelihoods on the continent, has been stymied by fragmented supply chains, lack of access to financing and technology, and waste. Climate change is weakening an already fragile system; about 12% of Africans now face food insecurity.
ARAF backed Complete Farmer as part of its mission to invest in companies supporting farmers’ adaptation to climate change. Other portfolio companies include Farmerline and Farm Works, which share similar approaches to Complete Farmer, and solar irrigation provider SunCulture.