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African Startup Funding Tracker

$2,827,662,000+

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Ghanaian Agritech Startup Farmerline Secures USD 12.9 Mn Funding
Ghanaian Agritech Startup Farmerline Secures USD 12.9 Mn Funding

Farmerline Group, a Ghanaian agritech startup, has raised USD 6.4 Mn in pre-Series A funding and USD 6.5 Mn debt. The Pre-Series A investment, led by Acumen Resilient Agriculture Fund (ARAF) and FMO, the Dutch entrepreneurial development bank, is Farmerline’s first equity raise since launching with a USD 600 K grant almost a decade ago. Greater Impact Foundation also participated in the equity round. Investors included in the debt include DEG, Rabobank, Ceniarth, Rippleworks, Mulago Foundation, Whole Planet Foundation, Netri Foundation, and Kiva.

The company helps to digitize farmers through partnerships and has evolved Mergdata into an AI-powered super-platform for supply chain intelligence like crop yield prediction, fertilizer demand forecasting, product traceability, and Agribusiness credit scoring for asset and fertilizer financing.

Farmerline’s marketplace combines digital tools, logistics, field agents, farm resources, and agribusiness partnerships to provide high-quality fertilizer and seeds, as well as free climate-smart farming instruction and links to worldwide markets, for African farmers. Farmerline plans to use the funds to improve its agribusiness supply chain, reduce farming costs, and increase yield for farmers on the continent by deploying AI technology and local infrastructure.