Orange Corners Nigeria graduate Winich Farms, an agritech company that supplies farm grain produce to retailers, has raised $3 million in pre-series A funding to expand its order fulfillment centres and improve its technology. This is the company’s second funding in two years. Pan-African tech platform TechCabal honoured Winich Farms with an elaborate feature on their website.
Founded in 2020 by Riches and Winner Attai and Chichebem Jibunoh, Winich Farms helps farmers in rural areas sell their produce to off-takers – retailers and informal processors. The company operates collection points run by agents who process orders from off-takers. Their most recent round was led by Acumen Resilient Agriculture Fund (ARAF), which contributed $2.5 million, with Climate Resilient Africa Fund, Marula Square, Plug and Play Tech Centre, and Tekedia Capital also participating in the round. Sahel Capital provided $590,000 in debt.
“Our growth has come from growing the number of agents on our platform. In 2022, we had about 1,000 agents. But at the start of [2024], we reached over 4,000 agents, quadrupling our growth. With more agents, we meet demand faster,” said co-founder and CEO Riches Attai.
Read the full article here.
