Farmerline Group reaches Pre-Series A second close with US$ 1.5 million from Oikocredit in funding round worth US$ 14.4 million
Oikocredit is delighted to announce an investment of US$ 1.5 million in Farmerline Group, an organisation partnering with agribusinesses and farm associations to support African farmers with access to high-quality fertiliser and seeds, free education on climate-smart farming practices and connections to international markets.
Through the equity investment from Oikocredit, Farmerline can accelerate its commitment to support farmers in Ghana, where it is one of the largest employers in the Ghanian agricultural sector.
Dubbed the ‘Amazon for African farmers’, the company is also planning to deepen its presence in Ivory Coast. This expansion comes at a critical time as fertiliser prices more than quadruple and the conflict in Ukraine compounds global food security challenges.
As a global cooperative, Oikocredit invests in partners working in the agricultural sector across Africa, and we are proud to support farmers facing rocketing fertiliser costs and widespread shortages.
- 26 September 2022 - Farmerline Group reaches Pre-Series A second close with US$ 1.5 million from Oikocredit in funding round worth US$ 14.4 million
- 21 September 2022 - Rebuilding and rebalancing: Oikocredit publishes Impact Report 2022
- 19 September 2022 - Oikocredit to hold Extraordinary General Meeting on 14 October 2022
- 13 September 2022 - Dave Smit appointed as Director of Impact Investments at Oikocredit