ImpactAlpha, July 25 – A number of early stage ventures have raised early capital for their mission to connect hundreds of millions of small farmers to the ingredients they need to succeed and grow: finance, insurance, agricultural supplies and markets. Kenyan startup Tulaa is the latest among these.
Tulaa has raised $627,000 from impact investor AHL Venture Partners for its mobile platform that helps Kenyan farmers access credit to purchase inputs like seeds and sell their crops after harvest.
Tulaa aims to provide price transparency for farmers across the agricultural value chain through a mobile commerce platform, which connects farmers input suppliers, financial institutions, cooperatives and NGOs, and commodity buyers. The company launched a year ago as a spinoff of agricultural information service Esoko.
Tulaa’s seed round was also backed by the Global Partnerships-Eleos Social Venture Fund, Beyond Capital and Rafiki Ventures.