Post Image
  Agriculture is the backbone of the African economy, employing over 60% of the continent’s workforce. However, African agriculture is still largely rain-fed and inefficient, making it vulnerable to climate change and other shocks. This is where agritech comes in. Agritech startups are using technology to address the challenges facing African agriculture. They are developing solutions such as precision agriculture, irrigation systems, and mobile payment platforms to help farmers improve their productivity and incomes.
Read more about Tech
It is worth noting that several US institutions are generously funding agritech startups across Africa. Here are the top 5 investors in this field.

  1. Omidyar Network

Omidyar Network is a philanthropic investment firm that supports social entrepreneurs around the world. The firm has invested in a number of agritech startups in Africa, including Twiga Foods, Hello Tractor, and Cropital.

Requirements

  • Omidyar Network typically invests in early-stage startups with a strong team and a clear vision for solving a major social problem.
  • Startups must be based in Africa and have a focus on agriculture or other sectors that are critical to the continent’s development.
  • Startups must be able to demonstrate a strong impact on the lives of the people they serve.
Website: https://omidyar.com/

  1. Acumen Fund

Acumen Fund is a venture capital firm that invests in social enterprises in developing countries. The firm has invested in a number of agritech startups in Africa, including Greenlight Planet, HarvestChoice, and One Acre Fund.

Requirements

  • Acumen Fund typically invests in early-stage startups with a strong social mission and a track record of success.
  • Startups must be based in Africa and have a focus on agriculture or other sectors that are essential to the continent’s development.
  • Startups must be able to demonstrate a clear path to financial sustainability.
Website: https://acumen.org/
Sign up for the Connect Nigeria daily newsletter

  1. Bill & Melinda Gates Foundation

The Bill & Melinda Gates Foundation is the largest private charitable foundation in the world. The foundation has invested in a number of agritech startups in Africa, including Aquaya, Gro Intelligence, and Indigo Agriculture.

Requirements

  • The Bill & Melinda Gates Foundation typically invests in early-stage startups with a focus on developing innovative solutions to agricultural challenges in Africa.
  • Startups must be able to demonstrate a strong team, a clear business model, and a potential for large-scale impact.
Website: https://www.gatesfoundation.org/

  1. USAID

USAID is the US government’s foreign assistance agency. USAID has invested in a number of agritech startups in Africa through its various programs.

Requirements

  • USAID typically invests in early-stage startups with a focus on developing innovative solutions to agricultural challenges in Africa.
  • Startups must be able to demonstrate a strong team, a clear business model, and a potential for large-scale impact.
Website: https://www.usaid.gov/
Register to attend the CN Business Mixer

  1. DFID

DFID is the UK government’s Department for International Development. DFID has invested in a number of agritech startups in Africa through its various programs.

Requirements

  • DFID typically invests in early-stage startups with a focus on developing innovative solutions to agricultural challenges in Africa.
  • Startups must be able to demonstrate a strong team, a clear business model, and a potential for large-scale impact.
Website: https://www.gov.uk/government/organisations/department-for-international-development Featured Image Source: APAC News Network
Got a suggestion? Contact us: editor@connectnigeria.com
You might also like:
This article was first published on 6th October 2023 and updated on October 10th, 2023 at 1:07 pm

nnaemeka-emmanuel

Nnaemeka is an academic scholar with a degree in History and International Studies from the University of Nigeria, Nsukka. He is also a creative writer, content creator, storyteller, and social analyst.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *