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South African Agritech Startup Khula Raises $1.3M Seed Round To Help African Farmers Thrive

Small African farmers are facing a multitude of problems that affect the progress of agricultural production on the continent. But software-for-agriculture startup Khula has an innovative solution that’s helping this niche industry thrive again. TechCrunch reports that the South African-based company just announced the raise of a $1.3 million seed round to help further scale its farming software and expand nationwide. The round, which closed last year, was led by AECI — one of Africa’s biggest agrochemical companies — and included participation from South African impact investor E Squared Investments. With financial-backing from its lead investor, Khula now has access to AECI’s wide distribution network which is poised to help the platform scale its inputs app. AECI’s support will go a long way as a long-term partner that’s genuinely interested in the execution of the platform’s services. “Khula has very attractive fundamentals, a sizable addressable market, app development...

Aug 3, 2021