Village Capital Provides $850,000 to Enhance Agritech Solutions

Village Capital, a global nonprofit focused on early-stage investments, has announced its support for two African agritech startups, Aquarech from Kenya and Coamana from Nigeria. The startups will receive $350,000 and $500,000, respectively, as part of Village Capital’s Reducing Inequalities Investment Facility. This initiative, backed by FMO’s MASSIF Fund, has invested a total of $1.6 million across four startups so far.

Aquarech, a B2B and B2C company, offers fish farmers a buy now, pay later solution for purchasing fish feed. In addition, the startup provides training and precision agriculture tools to help farmers adopt best practices and increase their incomes.

Coamana, founded by Hafsah Jumare in 2018, aims to digitize farmer management processes. Its marketplace, Amana Market, allows farmers and traders to sell products, secure loans, and access real-time market prices and purchase requests. By using agent networks to onboard users, Coamana enables farmers to make informed decisions about when and where to sell their produce, ensuring they receive optimal crop prices.

Source: Faith Omoniyi / Tech Cabal