ThriveAgric utilizes data-driven farm mapping and input distribution technologies to connect smallholder farmers in Africa with financing and agricultural best practices. This approach addresses the challenges of low productivity and market access, ultimately enhancing food security and increasing farmers' profitability.
Funding
$61.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BCFounders
Product
Problem
Smallholder farmers in Africa face significant challenges in accessing financing, quality agricultural inputs, and reliable markets, leading to low productivity and hindering their ability to improve their livelihoods and contribute to food security. Traditional agricultural practices and limited access to technology further exacerbate these issues.
Solution
ThriveAgric leverages technology to connect smallholder farmers in Africa with essential resources and support, including financing in the form of high-quality inputs like seeds and fertilizers, data-driven best practices, and access to local and global markets. The company onboards farmers, maps their farmlands to assess viability, and provides tailored advisory services through field officers. Post-harvest, ThriveAgric facilitates the collection, storage, and digital payment for farmers' commodities, ensuring they receive fair value for their produce and promoting food security across the continent.
Target Audience
ThriveAgric primarily targets smallholder farmers in Africa, as well as food producers, food financiers, food processors, and consumers within the agricultural value chain.
Features
- Farmer onboarding process to collect key data and group farmers into manageable clusters.
- Farm mapping using GPS coordinates to measure farmland size and assess soil texture, slope, and proximity to water sources.
- Input distribution of improved seeds, fertilizers, and crop protection products based on farm mapping data and creditworthiness.
- Field monitoring by assigned officers who provide tailored advisory services and track progress.
- Harvesting support, including the distribution of required materials and the processing of commodities for storage and digital payment.
- Inventory management to monitor off-taker and inventory activities on all available commodities post-harvest.