FarmWorks Agriculture Raises $4.1 Million in Pre-Series A Funding Round Led by VestedWorld and Livelihood Impact Fund
July 27, 2023
Nairobi, Kenya - FarmWorks Agriculture, a mission-driven agricultural company based in Nairobi, Kenya, has successfully raised $4.1 million in a Pre-Series A funding round. The funding was secured through strategic investments from VestedWorld and Livelihood Impact Fund, both prominent players in the impact investing space.
FarmWorks Agriculture aims to revolutionize Africa's agricultural sector by unlocking its untapped potential. The company's innovative approach involves establishing clusters of mid-sized farms while actively collaborating with thousands of smallholder farmers. This integrated model not only enhances agricultural productivity but also fosters economic development within local communities.
FarmWorks Agriculture is driven by a vision to create a sustainable and inclusive agricultural ecosystem in Kenya and beyond. By combining modern farming practices with a focus on social impact, the company is poised to make a substantial difference in the lives of smallholder farmers and rural communities.
"We are thrilled to have secured this funding from VestedWorld and Livelihood Impact Fund," said Yi Li, Co-founder of FarmWorks Agriculture. "Their belief in our vision validates our commitment to revolutionizing the agricultural landscape in Africa. With this capital infusion, we are well-positioned to accelerate our impact and drive positive change in the lives of farmers and communities."