Startup "Farmcrowdy" that connects farmers and investors with applications successfully raised seed funds of 100 million yen

Nigeria's startup providing services that "farmers wanting to expand their business can make investments on applications and receive investment from investors"Farmcrowdy"Has completed the seed investment round and has succeeded in raising funds of 100 million yen from multiple venture capital.

Nigerian Agritech Startup Farmcrowdy Raises $ 1 m Seed Investment
https://www.forbes.com/sites/mfonobongnsehe/2017/12/19/nigerian-agritech-startup-farmcrowdy-raises-1m-seed-investment

Farmcrowdy is an incubator where entrepreneurs gather for business launchTechstars Atlanta"Graduates" in 2017, we provide services that connect small farming farmers and local Nigerian sponsors (funders).

Farmcrowdy has gone from venture capital such as Cox Enterprises, Techstars Ventures, Social Capital, Hallett Capital, Right-Side Capital and Angel Investors, etc. for 1 million dollars ( About 110 million yen) Succeeded in gathering investment. In the following movies, you can see the business contents of Farmcrowdy.


Farmcrowdy is a startup launched by Mr. ONYEKA AKUMAH. It is said that it was born to realize the point of contact that connects small farmers and investors that Nigerian agriculture needed.


Farmcrowdy will help Nigerians produce food for the Nigerian in Nigerian farmland.


In Nigeria, many of the food depends on imports from other countries, and lowering the ratio is a trend as a country.


It is Farmcrowdy that can encourage small farmers to invest in using smartphone applications that boost such trends.


The chicken producer who actually used Farmcrowdy succeeded in expanding business from the first year, and in the second year, it is aiming to expand from 6000 brewing scale to 8000 breweries.


Farmcrowdy not only gives out money, it also features providing materials and know-how.


We will provide a wide range of support including provision of chicks, medical support of livestock and provision of feed.


It is a pattern that incorporates money and is not the end, but a style of jointly aiming for success is adopted.



Actually profitable is 40% to investors, 40% to producers, and 20% to Farmcrowdy.


Also, even if you do not achieve the performance you wanted due to bad work etc., being covered by insurance can also be a merit for producers.


In this way, Farmcrowdy is trying to expand the business supporting agriculture as a business while aiming to create a situation where Nigerian citizens can produce food in their own country.