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Kenyan agtech Shamba Pride raises $3.7M to grow its merchant network
The agtech has secured debt-equity funding from the EU agriculture financing initiative EDFI AgriFI and Seedstars Africa Ventures.
Its Kenya growth, which also includes the expansion of its franchise network, will be fueled by a $3.7 million debt-equity pre-series A funding the company has secured from the EU agriculture financing initiative EDFI AgriFI and Seedstars Africa Ventures (SAV). Shamba Pride digitizes agro-dealers to power various tasks including business management and inventory ordering, which ensures the availability of supplies like fertilizers and seeds to millions of small-scale farmers in rural areas. Shamba Pride sources inventory from partners such as French multinational Elephant Verve that supplies it with “climate-smart” farm inputs, which is part of the agtech’s strategy to build resilience for small-holder farmers.
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