Ghanaian Agritech Farmerline USD 1.5 Mn Pre-Series A Round

Farmerline, a Ghanaian agritech startup, has raised an extra USD 1.5 Mn in pre-Series A equity round to expand across West Africa. Oikocredit led the round, with participation from Acumen Resilient Agriculture Fund (ARAF), FMO, the Dutch entrepreneurial development bank, and Greater Impact Foundation. The additional funding brings the total amount raised in the round to USD 14.4 Mn, which includes USD 6.4 Mn in debt financing.

Farmerline 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. Its 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.