European Support Secured by Comprehensive Farmer to Augment Agritech Infrastructure in Northern Ghana
In a significant move to boost Ghana's agricultural sector, the EU-backed AgriFI initiative has invested €2.2 million (approximately $2.5 million) in Complete Farmer, a Ghanaian agritech startup that operates a digital agriculture marketplace. This funding aims to accelerate Complete Farmer’s expansion plans, particularly in scaling their digital platform in Northern Ghana and strengthening their agritech network there.
The investment aligns with Complete Farmer’s goal of expanding market access and enhancing supply chain connections. It also supports the startup's use of data and technology to produce high-quality agricultural products at scale, enhancing digitization in agriculture.
Complete Farmer intends to leverage this capital to build six new tech-enabled farms in Northern Ghana, growing its farm network and operations there. The expansion of the digital platform to connect more farmers and buyers is a key goal, aiming to increase market reach and adoption of agri-digital technology across Ghana.
The investment also supports the AgriFI Ghana Country Window’s goal of promoting inclusive rural development. Complete Farmer's expansion aims to minimize post-harvest losses and foster economic inclusion in underserved northern regions of Ghana.
The new funding will be used to build six rural fulfillment centers across five northern regions in Ghana. These centers will serve as essential logistics hubs for storage, quality assurance, and post-harvest handling. This rural infrastructure development aims to bring market access, quality inputs, and post-harvest support closer to the farm level.
Complete Farmer's expansion is expected to impact over 5,000 smallholder farmers initially, with a long-term target of reaching 50,000 farmers by 2028. The startup runs a digital platform that streamlines agricultural trade, with two main services: CF Grower and CF Buyer.
CF Grower provides smallholder farmers with data-driven farming guidelines and access to input suppliers. On the other hand, CF Buyer connects global commodity buyers to traceable, export-quality produce. This integration of digital innovation with physical infrastructure leads to more efficient operations, increased crop yields, and improved incomes for farmers across northern Ghana.
This investment marks a significant financial milestone for Complete Farmer to deepen its impact on Ghana’s agricultural sector and realize its vision of transforming farming through digital innovation. The funding extends beyond a single startup, uplifting entire farming communities by facilitating better access to quality inputs, agronomic guidance, and dependable market connections.
In 2023, Complete Farmer secured $10.4 million in pre-Series A capital. This latest investment from the EU-backed AgriFI facility is part of EDFI Management Company's goal of advancing sustainable agricultural value chains. The investment aligns with their goal of enhancing supply chain connections and creating measurable value for both farmers and buyers.
The investment in Complete Farmer is a testament to the potential of digital innovation in transforming Ghana's agricultural sector. It paves the way for large-scale agricultural transformation in Ghana, challenging existing agricultural production paradigms and creating sustainable, tech-enabled farming ecosystems that improve productivity, inclusiveness, and financial returns for local farmers over the long term.
The investment in Complete Farmer not only supports the startup's use of technology to enhance agricultural production and market access, but it also aligns with the AgriFI Ghana Country Window's goal of promoting inclusive rural development and fostering economic inclusion in underserved regions.
Complete Farmer's expansion plans, which include building tech-enabled farms and rural fulfillment centers, represent a significant step in the integration of digital innovation with physical infrastructure to improve efficiency, increase crop yields, and support the financial growth of smallholder farmers in Ghana's agricultural sector.
