News in Brief:
– Kenyan agritech startup Apollo Agriculture has secured $10 million from Swedfund and ImpactConnect to expand their services and empower African farmers.
– This funding will allow them to reach 400,000 more farmers, providing crucial tools and resources to boost profitability, sustainability, and food security.
Apollo Agriculture, a leading Kenyan agritech startup, has secured $10 million in funding from Swedfund and ImpactConnect to expand its reach and empower smallholder farmers across Africa.
The investment will fuel the company’s growth as it strives to provide farmers with the tools and resources they need to increase profitability, adopt sustainable practices, and contribute to enhanced food security.
CEO of Apollo Agriculture, Eli Pollak, disclosed that the partnership with Swedfund and ImpactConnect is a significant milestone for the company.
Additionally, he stated that the investment positions it to rapidly scale its operations, enabling more farmers to access the essential products and financial services they need to feed their families and communities and adapt to climate change.
Apollo Agriculture leverages technology such as machine learning and automation to address the unique challenges faced by smallholder farmers.
Their platform offers farmers access to high-quality agricultural inputs, optimised financing options, and digital advisory services. With this new funding, the company aims to reach an additional 400,000 farmers during the loan term, significantly accelerating its growth trajectory.
Pollak expressed gratitude for the confidence that both Swedfund and ImpactConnect have placed in its vision as it sets sight on achieving transformative growth together.
“We help small-scale farmers achieve a more profitable harvest. We empower them to scale successful agribusinesses, foster sustainable livelihoods, and ensure food security for a growing global population,” the company’s website says.
