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Fintech is Not Enough: Why Startup Investments in Africa Must Diversify Across Sectors
Africa is often considered one of the world's largest untapped venture markets, and this potential has fueled interest in the region's tech startups. But as Elo Umeh of Terragon Group explains, though investments have been increasing, they have typically focused only on certain sectors, like fintech and off-grid tech. He explores the value in diversifying these investments across other growing industries, including edtech, agritech and martech, and urges founders and investors to extend their resources to build a robust and complementary technology ecosystem on the continent.
- Categories
- Investing, Technology
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Bangalore-Based Agritech Robotics Startup TartanSense Raises $5 Million in Series A Funding
TartanSense builds small agricultural robots equipped with AI-assisted computer vision to help small farms reduce their expenditures and improve their incomes.
- Categories
- Agriculture, Technology
- Region
- Asia Pacific
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AgNext Technologies lands $21 million Led by Alpha Wave Incubation
AgNext Technologies has raised $21 million in its Series A round, led by Alpha Wave Incubation (AWI), in the largest Series A funding received by an Indian agri-tech startup so far.
- Categories
- Technology
- Region
- Asia Pacific
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Press Release: Report Reveals African Farmers Are Missing Out on Agritech Innovations That Could Supercharge the Sector With Opportunities for Youth
The report points to the need for new investments to stimulate access to innovations that could encourage African youth to work in the agriculture sector.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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South Africa’s Khula Closes $1.3 Million Seed To Scale Its Software-for-Agriculture Platform
Inadequate financing, education and input distribution persist, but startups such as Khula are providing innovative solutions to these problems.
- Categories
- Agriculture, Education, Technology
- Region
- Sub-Saharan Africa
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UNCDF Agritech Challenge 2021 Open for Innovative Agritech Solutions
The United Nations Capital Development Fund has partnered with Atal Innovation Mission, Bill & Melinda Gates Foundation, and the Rabo Foundation to launch the Agritech Challenge 2021.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
- Tags
- agribusiness, agriculture, agritech, farming, technology
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Press Release: Heifer International and IBM Work with Coffee and Cocoa Farmers in Honduras to Increase Access to Data and Global Markets
Smallholder coffee and cocoa farmers and their cooperatives in Honduras are harnessing the power of technology to access new markets and make better business decisions.
- Categories
- Agriculture, Technology
- Region
- Latin America
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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.
- Categories
- Agriculture, Investing, Technology
- Region
- Sub-Saharan Africa
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