Ghanaian agritech startup Farmerline announced the second close of a Pre-Series A investment raise with an additional $1.5 million investment from Dutch social impact investor Oikocredit.
The investment is part of a total funding round worth $14.4 million raised by Farmerline from investors including FMO and ARAF.
Farmerline supports smallholder farmers and agribusinesses with digital tools, logistics, field agents and farm resources. The organisation has recently started plans to expand its operations into Ivory Coast in a bid to help farmers facing increased fertiliser prices and shortages.
Farmerline provides smallholder farmers with access to high-quality fertiliser and seeds, free education on climate-smart farming practices and connections to international markets.
As the company deepens its presence in West Africa, it plans to strengthen its supply chain for agribusinesses, reduce the cost of farming and increase yield for farmers on the continent through the deployment of AI technology and local infrastructure.