Wednesday
June 23
2021

The ABC Funds Invests $1 Million in High Impact Ag-Tech Apollo Agriculture

The Agri-Business Capital Fund (ABC Fund) has invested USD1 million in Apollo Agriculture (Apollo), a Kenyan ag-tech which uses machine learning and automated operations technology to help small scale farmers access the resources they need to maximise their profitability.

Apollo provides an optimised bundle for farmers that includes financing, farming inputs, advice and insurance. Apollo’s vertically integrated digital approach leverages machine learning and satellite data to service customers throughout the entire lifecycle, from acquisition, to credit decisions, and finally, collecting repayments.

Photo courtesy of Stars Foundation.

Source: PrivateEquityWire (link opens in a new window)

Categories
Agriculture, Investing, Technology
Tags
agriculture, agritech, digitalization, impact investing, machine learning, smallholder farmers, tech