Farmer to farmer network WeFarm raises $13m in Series A round of funding

Nov 20, 2019

WeFarm
Peer to peer farmer network and marketplace WeFarm has raised $13m in Series A round of funding. The round was led by True Ventures, with AgFunder and June Fund also investing. It means WeFarm has raised a total of $20m to date.

WeFarm, which was founded in 2015 and headquartered in the UK,  aims to create a global ecosystem for small-scale agriculture, allowing farmers to ask each other questions or get advice on farming matters.

WeFarm currently has 1.9m registered users. The company estimates there are approximately 500m smallholdings globally. Apart from its peer to peer network, WeFarm also has a commercial proposition: its marketplace. This connects suppliers with smallholder farmers: the company has generated $1m of sales in its first eight months of operation. In Africa particularly, WeFarm aims to become the key e-commerce and payment platform for small scale farmers.

 

Loading...

Looking for more trends and insight on FMCG in Africa?

Join Trendtype's mailing list for news, events and more.

Thank you for joining us. Speak to a member of our team today on +44 333 567 9995

Looking for more trends and insight on FMCG in Africa?

Join Trendtype's mailing list for news, events and more.

Thank you for joining us. Speak to a member of our team today on +44 333 567 9995