Agritech startup Apollo Agriculture secures $10 million for African expansion

The latest investment, courtesy of Swedfund and ImpactConnect, positions Apollo to extend crucial resources to a broader base of smallholder farmers, fostering profitability, sustainable agricultural practices, and bolstering overall food security.

Kenyan AgriTech startup, Apollo Agriculture, is gearing up for a significant expansion across Africa with a fresh infusion of $10 million in funding. This marks a milestone two years after its successful $40 million Series B round.

Empowering African small scale farmers

Founded in 2016 by Eli Pollak (CEO), Benjamin Njenga (CCO), and Earl St Sauver (CTO), Apollo Agriculture focuses on empowering small-scale African farmers by facilitating access to financing, quality farm inputs, insurance, and personalized advice. The startup has made significant strides, already reaching over 350,000 farmers in Kenya and Zambia, providing them with essential farm input products and financial services.

Ensuring food security

The recent funding injection not only underscores Apollo’s commitment to its mission but also sets the stage for an expanded presence throughout Kenya. This strategic move aims to grant more farmers access to crucial financial support and digital tools, ensuring long-term food security across the continent.

In the grander scheme, Apollo Agriculture’s trajectory signifies a positive step towards creating a robust agricultural ecosystem in Africa.

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