7 years ago

Wefarm Secures $5 Million in Seed Funding to Expand its Farmer Network

  • Wefarm, a farmer-to-farmer digital network based in London, UK, has secured $5 million in additional seed funding

  • The round was led by True Ventures, with participation from several investors, including Skype, Atomico Founder Niklas Zennström, WordPress Founder Matt Mullenweg, Blue Bottle Coffee CEO Bryan Meehan, the Norrsken Foundation, LocalGlobe, and Accelerated Digital Ventures (ADV)

  • Wefarm will use the funding to develop commercial product offerings and build new features, including Project Farmlog, an interactive "smart farming assistant." The company currently operates in Kenya and Uganda and plans to expand into other areas of Eastern and Sub-Saharan Africa.

      • ProblemAgriculture

      "Small-scale farmers in developing countries lack access to critical agricultural information and knowledge, leading to inefficient practices and reduced yields."

      Solution

      "Wefarm creates a farmer-to-farmer network where farmers can share knowledge, ask questions, and learn from each other's experiences. The platform utilizes technology like SMS and machine learning to make information accessible even to those with limited internet access."

      Covered on