FarmTrace has announced raising an undisclosed amount of funding. The South African agritech startup said that it will use this investment to grow and improve customer success. It named Secha Capital and Hassium Capital as its latest creditors.
The startup is a provider of project management solutions. Founded in 2015, it covers several activities from product customisation to their implementation as well as research and development.
FarmTrace says that the funding will help it continue empowering its clients and increase their profit. It is also focused on increasing exports, local employment and food waste reduction through precision farming.
According to founder and CEO Jacques du Plessis, there is a long back-log of farms interested in using the companyâs solutions. The capital will help accelerate growth, meet the needs of more farmers, and hire more âsoftware developers, engineers, project managers and implementation consultants.
