# Farmcrowdy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/farmcrowdy

- Industry: Agribusiness
- Headquarters: Lagos, Nigeria
- Website: www.farmcrowdy.com
- Total disclosed funding: $2M
- Latest round: Seed (Mar 21, 2019)
- Investors on record: 8

## About

Farmcrowdy Limited is an agritech company that connects investors with farmers, enabling the funding of agricultural projects and promoting sustainable farming practices in Nigeria.Founded in 2016 in Lagos, Nigeria, Farmcrowdy Limited operates a platform that connects investors with farmers, facilitating funding for agricultural initiatives. The company has successfully completed three deals and raised a total amount of USD 1.00 mn, with its most recent funding round being a Seed round in March 2019. The Seed round saw participation from Ajayi Solutions, Cox Ventures SA, and Techstars Ventures. Akindele Phillips, one of the co-founders, currently serves as the CEO.Farmcrowdy Limited offers a platform that allows users to invest in agriculture by connecting them with farmers seeking capital for various farming projects. The platform provides detailed insights into each agricultural project, including potential returns and progress updates, thus ensuring transparency for investors. It primarily serves the Nigerian agricultural landscape, promoting sustainable farming practices and enhancing food security.Farmcrowdy Limited generates revenue through a combination of transaction fees on investments made through its platform and partnerships with agricultural stakeholders. The business model is structured to facilitate investment in agriculture while maintaining low barriers to entry for investors, allowing them to support various farming projects without direct involvement in operations.Farmcrowdy Limited plans to enhance its platform by introducing new features that will improve investor engagement and project tracking. The company aims to expand into neighboring West African markets by 2025, leveraging recent funding to develop strategic partnerships and marketing efforts in these regions. The USD 1.00 mn raised in the Seed funding round will be allocated towards technology upgrades, market research, and scaling operations in the targeted expansion areas.

## Funding rounds

- Seed, Mar 21, 2019, $1M — Techstars, Cox Ventures SA, Ajayi Solutions
- Seed, Dec 18, 2017, $1M — Hallett Capital, Techstars, Social Capital, Right Side Capital Management, FC Agro Allied SPV, Cox Ventures SA, Josephine Group Limited

## Investors

- Hallett Capital (https://capitalatlas.ai/funds/hallett-capital) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Seed
- FC Agro Allied SPV — Seed
- Cox Ventures SA — Seed
- Josephine Group Limited — Seed
- Ajayi Solutions (https://capitalatlas.ai/funds/ajayi-solutions) — Seed