Farmerline Group reaches Pre-Series A second close with $1.5m from Oikocredit in funding round worth $14.4m

Farmerline Group today announced the second close of a Pre-Series A investment raise with an additional US$ 1.5 million investment from social impact investor Oikocredit.

Ghana-based Farmerline supports smallholder farmers and agribusinesses with digital tools, logistics, field agents and farm resources.

More recently, it has financed around US$ 18 million worth of inputs and crops through franchise shop alliances with agribusinesses and input dealers.

Farmerline recently closed a Pre-Series A equity investment of US$ 6.4 million and US$ 6.5 million debt.

Last month, Farmerline launched their Support a Farmer initiative – a public crowdfunding campaign to raise GH¢ 1 million (US$ 100,000) with the aim of providing 250,000 bags of discounted fertiliser to 25,000 farmers across Ghana.

Farmerline partners with agribusinesses and farmer associations to support African farmers with high-quality fertilizer and seeds; free education on climate-smart farming practices, and access to international markets to ultimately create lasting wealth for them and their communities

Farmerline has since digitized 1 million farmers through partnerships across 35 countries, and its marketplace – the continent’s Amazon for African farmers – now combines digital tools with logistics, field agents, farm resources and strategic partnerships