Village Capital Invests USD 850 K IN Two African Agritech Startups

Village Capital,a global nonprofit organization dedicated to early-stage investment, has thrown its support behind two African agritech startups: Aquarech from Kenya and Coamana from Nigeria. These startups will receive investments of USD 350 K and USD 500 K, respectively, as part of Village Capital’s Reducing Inequalities Investment Facility. This initiative is backed by FMO’s MASSIF Fund.

Aquarech operates both as a B2B and B2C company, offering fish farmers a Buy Now, Pay Later (BNPL) solution for fish feed. The startup also provides training and precision agriculture tools, enabling fish farmers to adopt best practices and enhance their incomes. Founded in 2018, Coamona seeks to digitize farmer management processes. Amana Market, its marketplace product, enables farmers and traders to sell their goods, secure loans, and access real-time market prices and purchase requests. To facilitate this, Coamona employs agent networks to integrate farmers and traders into its digital marketplace. This real-time data allows farmers to make informed decisions about when and where to sell their produce, ensuring they receive the best possible prices for their crops.