Nairobi-based Apollo Agriculture, a leading financing and products platform, raised USD $6 million in Series A financing round.
The round was led by Anthemis Exponential Ventures, with participation from Leaps by Bayer, Flourish Ventures, Sage Hill Capital, Ventures Food, Breyer Labs, and existing investors, among others.
“Our mission is more important than ever in the context of COVID-19, when health risks, supply chain disruptions, and reduced mobility threaten food
To maximize the profitability of small-scale farmers, Apollo uses agronomic machine learning and automated operations technology. From financing and insurance to optimized advice, the investment would help Apollo expand its product offerings, and grow its team.
It is worth noting that Apollo has already partnered with over 25,000 farmers so far in 2020.
“Every farmer, everywhere, deserves the opportunity to farm profitably, and that is not the norm today. We partner with farmers to maximize their farm productivity and profitability,” Benjamin Njenga, Apollo’s Chief Customer Officer said.
Vica Manos, Partner at Anthemis, said, “The Apollo Agriculture team is solving a massive gap in the agricultural space by helping small-scale farmers turn their daily labour into profitable businesses. In light of the global pandemic, their mission is more urgent than ever.”
To recap, Apollo is the commercial farming platform for marginal and small-scale farmers in maximizing their profits, bundling everything a farmer needs.