a year ago

AfriDex Secures $5 Million Pre-Seed Funding to Advance Blockchain-Based Agri Solution

  • AfriDex, a London, UK-based blockchain-based SaaS solution for the agricultural industry, raised $5 million in pre-seed funding led by Endeavour Ventures, with participation from African Crops Limited, Oldenburg Vineyards and Hank Oberoi

  • The company intends to use the funds to expand operations and its development efforts

  • AfriDex is advancing a Solana-based platform that empowers and protects all agriculture supply chain participants through a comprehensive, on-chain solution

  • The company aims to leverage blockchain technology to enable traceability, frictionless payment, fraud resistant transactions, verified certifications, simplified taxation and subsidy management.

      • ProblemAgriculture

      "making agriculture supply chain management more efficient"

      Solution

      "offering a blockchain-based platform to enable traceability, frictionless payment, fraud-resistant transactions, verified certifications, simplified taxation, and subsidy management"

      Covered on