Startups Profile

Farm Crowdy: Story, Founders, Investors & Funding Rounds

Farm Crowdy: Story, Founders, Investors & Funding Rounds

Farm crowdy is a company that makes tools and technology for the farming industry.

Its website lets you buy seeds, buy supplies for farming, and learn how to do these things accurately and efficiently. They also offer financing and structured financing for farmers 

Farm crowdy made an agric-tech platform where users can choose to sponsor certain types of farms to get Nigerians interested in farming.

Farm crowdy is also a platform that connects farmers with those who are eager to assist the farmers.

It can connect small-scale farmers with farm sponsors who can give them the money they need to increase the amount of food they can grow on their farms. This is done by using the knowledge of their technical field teams

They find buyers for the farm’s crop ahead of time so that everyone gets a fair return.

With the sponsor’s money, they buy the land, hire the farmer, plant the seeds, get insurance for the farmers and the crops, sell the harvest, and give the money back to the farm sponsor.

Sponsors of the farm can keep track of the whole operation’s progress by getting regular reports in the form of text, images, and videos sent to their email inboxes.

How it works

To sponsor a farm, you must first sign up as a user on their website or download their mobile app from the Google Play Store or the Apple App Store.

After you sign up for Farm crowdy and make changes to your profile, you can go to their Farm Shop, where you can choose farms to support and donate to them.

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Sponsors of a farm get regular updates in the form of pictures, texts, and videos for as long as the farm is in operation.

In addition to the original sponsorship, they will also get a cut of the money made from selling the food grown on the farm.

Market Size

So far, about 80,000 people have downloaded the Farm crowdy app specifically to keep track of local farms.

Eighty thousand people have also joined their network to learn and sponsor farms, and Farm Crowdy keeps asking more people to join the movement so that Africa’s food system can continue to improve.

Farm crowdy’s platform has given people a way to produce food that is safe and lasts for a long time.

They’ve helped farmers out in the country by making it easier for them to get their hands on modern tools, resources, inputs, seeds, fertilizer, and even a market where they can sell their goods.

Additionally, the Farm crowdy mobile app can be downloaded from the app stores for Android and iOS anywhere in the world.

Founders

Onyeka Akumah 

Onyeka Akumah, who is from Nigeria, is the founder and CEO of Farm Crowdy company.

He has experience in a variety of fields, including farming, transportation, real estate, and the media.

In 2017 and 2018, Onyeka won the award for Tech Entrepreneur of the Year at the Nigeria Technology Awards.

Onyeka Akumah studied and graduated from Sikkim Manipal University in Gangtok.

He is currently the head of the Marketing MBA program at Scotland’s Edinburgh Business School.

Akindele Phillip

As Vice President of Finance at Farmcrowdy, Akindele Philips is in charge of the company’s finances. She works closely with the CEO and COO to do this.

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He is a dedicated businessman who puts a high value on making things better for Africa. He is sure that Africa has a lot to offer and is always looking for ways to help his fellow Nigerians make the most of it.

Akindele has worked as a Credit Risk Officer for a big Nigerian bank (Zenith Bank) and as an Audit Manager for KPMG. He went to school in both the UK and the US to become a chartered accountant.

Additionally, he started two successful businesses: Philandmove (Moving & Logistics) and PW Consult. This was made possible by his sharp mind and natural ability to analyze things (Accounting, Tax Compliance & Financial Advisory Services).

Akindele Phillip went to Obafemi Awolowo University and got a degree in accounting.

Temitope Omotolani

Temitope Omotolani is the COO and co-founder of Farm Crowdy. 

She is in charge of making sure that Farm Crowdy’s short-term and long-term financial and business goals are met.

Temitope Omotolani got her degree from the Lagos Business School of Pan-Atlantic University.

Investors & Funding Rounds

Cox Enterprises, Techstars, and Ajayi Solutions

Farmcrowdy’s first round of $1,000,000 in funding came from Cox Enterprises, Techstars, and Ajayi Solutions.

The funding hence accounted for half a million dollars of the total capital.

With the new money, the company plans to double the size of its platform over the next year and enter the markets of half of Nigeria’s 36 states.

Main Competitors

Agricool: It grows fresh, pesticide-free food in shipping containers.

Burro: This is a company that came up with a platform for self-sufficient farming in harsh farm locations.

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Sound Agriculture: The company makes crops more resistant to climate change through molecular research so that farmers can get better crop yields.

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