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Ghanaian agritech startup Agrocenta will use its recently closed $650 000 round to expand operations in Ghana — the company’s CEO and co-founder Francis Obirikorang revealed yesterday.
The startup — which in April this year was crowned Seedstars Global Winner — connects smallholder farmers directly to an online market to sell their commodities and by doing so eliminates middlemen and brokers who often exploit the farmers.
Responding to questions from Ventureburn yesterday (20 December), Obirikorang (pictured above) said the new funding will be used to expand operations in Ghana to more smallholder farmers and to expand operations to two additional regions in Ghana, without disclosing the names of the regions.
AgroCenta has operations in the Northern, Upper East, Upper West and Ashanti regions of Ghana
Last week, the GSMA Ecosystem Accelerator Innovation Fund announced
that the Ghanaian startup had been selected, along with five other African startups, for the accelerator’s third cohort. A further five startups were selected from outside the continent to join the accelerator.
One of AgroCenta’s main investors, Greentec Capital Partners disclosed at the time that the firm had received a $250 000 GSMA Ecosystem Grant.
Read more: Six African startups selected for GSMA Ecosystem Accelerator Innovation Fund
Read more: Ghanaian agritech startup AgroCenta eyes expansion with Nigeria pilot
Read more: Seedstars winner AgroCenta secures third of $750 000 funding from US investor
Featured image: AgroCenta CEO and co-founder Francis Obirikorang (Supplied)