Apollo Agriculture

Apollo Agriculture a Kenyan AgriTech startup raises $10 million to fund expansion

Apollo Agriculture, a Kenyan AgriTech startup has raised $10 million in funding from Swedfund and ImpactConnect to expand across Africa.

The funding will enable the startup to provide more smallholder farmers with vital resources to enhance profitability, adopt sustainable farming methods, and improve food security.

Apollo Agriculture utilizes modern technology like machine learning and automation to address the unique challenges faced by farmers. They provide access to high-quality farm inputs, strategic financing, and digital advice through their platform. The startup has so far impacted over 350,000 farmers in Kenya and Zambia.

The new funding will facilitate its wider expansion within Kenya, offering more farmers the digital tools and financial assistance needed for success. This investment will not only increase productivity and profitability but also encourage sustainable farming.

By providing farmers with the necessary knowledge and resources to adapt to climate change, Apollo Agriculture is enhancing long-term food security throughout Africa.

Eli Pollack, CEO Apollo Agriculture, said, “This partnership with Swedfund and ImpactConnect is a significant milestone for Apollo Agriculture. The investment positions us to rapidly scale our operations, enabling more farmers to access the essential products and financial services they need to feed their families and communities and adapt to climate change. This funding unlocks the potential to serve 400,000 additional farmers during the loan’s term, accelerating Apollo’s growth. We are grateful for the trust and confidence that both Swedfund and ImpactConnect have placed in our vision, and we look forward to achieving transformative growth together.”