Description
UfarmX is an organic agritech platform that connects potential investors to small and medium sized commercial farms across Africa. It provides potential investors with full farm management and on ground vetting of their potential investments. Currently, all farm sites and machinery on ground are fully owned by UfarmX
Market Opportunity/ Problem
While Africa has among the largest sizes of arable land, less than 3% of it is organic. UfamX addresses this challenge by supporting organic farming in the growing and distribution of organic and ethically sourced produce through sustainable mechanized practices
Company Information
Years of operation
2
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Nigeria
Other country(ies) of operation
USA
How many employees does your business have?
9
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
50k-500k
What is the split between equity and debt?
Open to either depending on terms