Complete Farmer, a Ghanaian end-to-end digital farming platform, has raised an undisclosed sum of money from Ingressive Capital in order to expand into new markets.
Complete Farmer’s platform currently supports over 2,000 acres of farmland across six regions in Ghana, with plans to extend to Kenya and Togo in the near future.
This target has gotten a lot closer after it became Ingressive Capital’s 21st portfolio business, with a larger round in the works.
Complete Farmer’s CEO, Desmond Koney, shared his enthusiasm for the next chapter and the startup’s partnership with Ingressive Capital.
“We believe that by working together, we will transform agriculture through technology and innovation, realizing Africa’s ability to feed the world.
This partnership provides us with the tools we need to become global pioneers in making Africa’s agriculture more effective, thanks to the Ingressive capital family’s network and synergies with established portfolio companies,” he said.
Ingressive Capital’s vice president of fund operations, Uwem Uwemakpan, outlined the reasoning behind the firm’s investment.
“This investment comes at a critical time for many African farmers, who have been struggling to recover from the ripple effects of the covid pandemic, among other issues Complete Farmer is addressing,” he said.
The company has also recently launched a new digital platform that addresses key challenges faced by commodity buyers and food growers in Africa’s agriculture value chain.
The new platform, which is set to launch in April 2021, is an end-to-end digital marketplace that uses IoT, big data, and blockchain technology to allow global industries to source agriculture commodities grown to their requirements by users all over the world.
Complete Farmer is poised to have a greater impact on the agriculture value chain with the introduction of the new platform.
Read More on Tech Gist Africa:
CrowdyVest appoints Tope Omotolani as the New CEO, attracts New Investors