Apollo Agriculture, a Nairobi, Kenya-based financing and products platform empowering small-scale farmers to maximize their profits, raised USD $6m in Series A funding.
The round was led by Anthemis Exponential Ventures, with participation from Leaps by Bayer, Flourish Ventures (a venture of The Omidyar Group), Sage Hill Capital, To Ventures Food, Breyer Labs, and existing investors Accion Venture Lab and Newid Capital, among others.
The company intends to use the funds to continue scaling by partnering with more farmers, expanding its product offerings, and growing its team.
Led by Eli Pollak, CEO and co-founder, and Benjamin Njenga, Chief Customer Officer and co-founder, Apollo uses machine learning and automated operations technology to help small-scale farmers access everything they need to maximize their profitability, from financing and insurance, to farming products and optimized advice. Apollo has already partnered with close to 25,000 farmers so far in 2020.