*Data updated daily at 18:00 EAT
Complete Farmer, a Ghanaian agritech that seeks to transform farming practices in the region by developing critical technical and physical infrastructure to enhance efficiency in the agricultural value chain, has raised a USD 10.4 M pre-Series A funding round (USD 7 M equity and USD 3.4 M debt) to consolidate its efforts. The Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital (via its uMunthu II Fund in partnership with Goodwell Investments) co-led the equity part of the round. Additionally, Proparco, Newton Partners and VestedWorld Rising Star Fund participated. Sahel Capital’s SEFAA (Social Enterprise Fund for Agriculture in Africa) Fund, Alpha Mundi Group’s Alpha Jiri Investment Fund and Global Social Impact Investments provided debt financing.
Complete Farmer describes itself as an end-to-end agricultural marketplace that connects African producers and global industries to competitive markets, resources, data and each other. The platform is a one-stop resource that leverages proprietary cultivation protocols for crop production, enabling smallholder and commercial farmers to cultivate commodities that conform to global market specifications, thereby ensuring post-harvest offtake.
Complete Farmer provides producers and agricultural commodity purchasers with two primary solutions: CF Grower and CF Buyer. Its farmer-centric product, CF Grower, assists African farmers in optimizing their productivity, gaining access to global markets, and enhancing their living standards through precision farming instruments and data-driven cultivation protocols.