Ghanaian startup Farmerline, which facilitates access to fertilizers for smallholder farmers, secured US$12.9 million in funding from a consortium of investors.
In an announcement published on its LinkedIn page on April 26, the agritech startup explains that the funds were raised during a pre-Series A investment co-led by African impact fund Acumen Resilient Agriculture Fund (ARAF) and Dutch development finance bank, FMO. US$6.4 million is provided as equity investment and US$6.5 million as loan.
For more information, please see https://www.ecofinagency.com/finance/2604-43560-ghana-farmerline-raises-us-12-9-mln-to-expand-into-cote-d-ivoire
