AfriDex Raises $5M in Pre-Seed Funding


AgriDex, a London, UK-based blockchain-based, software as a service (SaaS) solution for the agricultural industry, raised $5m in pre-seed funding.

The round was led by Endeavour Ventures, with participation from African Crops Limited, Oldenburg Vineyards and Hank Oberoi.

The company intends to use the funds to expand operations and its development efforts.

Led by Henry Duckworth, CEO, AfriDex is advancing a Solana-based platform empowers and protects all agriculture supply chain participants through a comprehensive, on-chain solution. The company aims to leverage blockchain technology to enable traceability, frictionless payment, fraud resistant transactions, verified certifications, simplified taxation and subsidy management.