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Oyster Agribusiness in Ghana has raised US$310,000 in grant and debt financing in order to advance its mission of sustainable agriculture, gender inclusion, and talent management.
Oyster Agribusiness uses high levels of technology and closely collaborates with smallholder farmers.
Root Capital, a nonprofit lender dedicated to promoting resilience and prosperity in rural areas, provided the funding, and the firm also got two awards totaling an additional US$10,000.
Oyster Agribusiness, which was founded in 2018, is committed to empowering smallholder farmers by offering them sustainable inputs, superior agronomic techniques, and a steady market for their produce.
It accomplishes this by utilizing technology to control the distribution of its inputs and yield, as well as seeders for planting and drones for spraying.
Edmond Kombat, the founder and CEO of Oyster Agribusiness, said, “We are deeply grateful to Root Capital, our partners, and the grant providers for recognizing the value of our work and the potential of smallholder farmers. This funding will enable us to expand our reach, strengthen our gender inclusion initiatives, and invest in our exceptional team, driving us closer to our vision of a thriving, sustainable agricultural sector.”
The business, which already works with 3,000 smallholder farmers, will increase its activities with the help of the new funding.
Read more on Tech Gist Africa:
Farmerline, a company based in Ghana, has raised $1.5 million in a pre-series A funding round
Berry Health, a Ghanaian health tech company, raises $1.6 million in pre-seed funding
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