Popular agritech companies and startups in Nigeria 2024

In today’s world, agriculture plays a key role in food security and sustainable development. However, industrialized agro-cultural systems face major challenges: climate change, unstable markets and limited resources. In this context, agritech companies (Agritech) are becoming an important factor in today’s agricultural industry. In this article, we will break down the best agritech companies in Nigeria.

What is agritech?

Agritech is short for “agricultural technology”, a field where modern technology meets agriculture to improve the efficiency, sustainability and effectiveness of agricultural production. In the Nigerian context, where agriculture plays an important role in the economy and food security, agritech is emerging as a key sector in technological development. The development of agritech in Nigeria offers new opportunities to increase yields, optimize production processes and improve rural communities. In addition, agritech is helping to attract investment into the country’s technology sector and create jobs, thereby boosting the local economy and strengthening Nigeria’s position in the global technology community.

Top agritech companies in Nigeria

AirSmat Inc

AirSmat Inc is a Nigerian company founded in 2019 and headquartered in Lagos. It develops artificial intelligence (AI) software to help farmers in Africa adopt precision farming practices.

Who founded AirSmat Inc?

Paul Steelman is an entrepreneur and AI specialist who founded AirSmat Inc in 2019.

Prior to AirSmat Inc:

• Worked in technology and consulting for several years.
• Educated in computer science and engineering.
• Developed several successful startups in the field of AI.

At AirSmat Inc:

• Leads the vision and strategy of the company.
• Actively involved in product development.
• Is an advocate of using AI to solve problems in developing countries.

Accomplishments:

• Included in Forbes 30 Under 30 list in 2022.
• Awarded the African Union Young Entrepreneur of the Year Award.
• Is a speaker at leading conferences on AI and agriculture.

AirSmat Inc. mission:

• To revolutionize the AgTech landscape in Africa by helping farmers achieve bountiful harvests through AI.
• Make agriculture more profitable and sustainable for African farmers.

AirSmat Inc. products:

• AI-Powered AgTech Platform: This platform uses data from drones, satellites, soil level sensors and IoT to help farmers:
• Collect, manage and interpret data about their farms.
• Optimize water, fertilizer and pesticide use.
• Predict yields and identify potential problems.
• Make more informed farm management decisions.

Achievements AirSmat Inc:

• Helps more than 1,000 farmers in Africa adopt precision farming practices.
• Increased yields by 20-30% for farmers using their platform.
• Reduced water use by 15% for farmers using their platform.
• Reduced fertilizer use by 10% for farmers using their platform.

Testimonials about AirSmat Inc:

• Farmers using the AirSmat platform praise its ease of use and efficiency.
• Agricultural experts believe that AirSmat has the potential to revolutionize agriculture in Africa.

In today’s world where agriculture is facing increasing challenges, innovative companies such as AgriGrow Analytics are emerging as true heroes. Based in Nigeria, AgriGrow Analytics aims to change the game in agriculture by providing growers with the tools and insights they need to optimize production processes and increase yields.

AgriGrow Analytics

At the heart of AgriGrow Analytics is passionate wijner and entrepreneur, Adesubokan Solomon Niyi. His passion for agriculture and belief in the power of technology led him to create a company that has become a game changer in the Nigerian agri-tech industry. Niyi has combined his expertise in data analytics with his love for agriculture to develop innovative solutions that help farmers overcome challenges and achieve great results.

Main Product and Services

The company’s main product is their analytics platform, which provides farmers with the ability to access valuable information about the status and potential of their land. With this platform, farmers can monitor weather conditions, soil composition, moisture levels, and other important parameters, and receive recommendations to optimize production processes.
In addition, AgriGrow Analytics provides advisory services on selecting the best varieties, tillage methods, fertilizers and disease and pest control. All this helps farmers to improve the productivity of their farms and increase their income.

Growth and Location

Starting with a small team of dedicated professionals, AgriGrow Analytics has rapidly grown and expanded its reach across Nigeria. The company is now headquartered in Lagos and has offices in several other parts of the country, enabling it to effectively serve its clients across the country.

 

AgriConnect

AgriConnects is a Nigerian agri-tech company founded in 2017. In Nigeria’s agriculture where resources are limited and challenges are ever increasing, AgriConnects is emerging as a bright hope for farmers. Founded by entrepreneur Kehinde Dahunsi, this company aims to apply innovative technologies to improve the efficiency and sustainability of agriculture in Nigeria.

AgriConnects mission:

• To make agriculture in Africa more profitable and sustainable through the use of technology.
• Ensure farmers have access to the information, resources and markets they need to succeed.
• Improve the quality of life for farmers and their families.

AgriConnects core product:

A mobile platform that enables farmers to:

• Access information on market prices, weather forecasts and best farming practices.
• Connect with buyers and sellers of agricultural products.
• Access financial services such as loans and insurance.
• Track your crops and sales.

Number of employees:

More than 50

Headquarters:

Lagos, Nigeria

Accomplishments:

• Helped over 10,000 farmers in Nigeria increase their yields and income.
• Raised over $1 million dollars in investments.
• Won the “Best Agri-Tech Company of the Year” award at the Nigeria Agribusiness Awards 2020.

The Nut Place

In a world where more and more people are turning their attention to healthy eating, The Nut Place is coming to the forefront by offering high quality nuts and seeds that are not only delicious but also healthy. Founded in 2020 by entrepreneur Chigozie Onyekwelu, The Nut Place has quickly become the leading supplier of nuts in Nigeria and beyond.

Grounded History

The founder of The Nut Place, Chigozie Onyekwelu, has a passion for healthy living and is convinced that quality products can greatly improve the quality of our lives. His commitment to offering customers only the best quality nuts and seeds has led to the creation of The Nut Place, a company that puts the health of its customers at the center of its mission.

The Nut Place’s mission:

• To make nuts and dried fruits accessible and appealing to people living a healthy lifestyle.
• To offer a wide selection of high quality nuts and dried fruits at affordable prices.
• To raise awareness of the health benefits of nuts and dried fruits.

The Nut Place’s main product:

• A wide range of nuts and dried fruits including:
  • Almonds
  • Cashews
  • Walnuts
  • Pistachios
  • Dates
  • Raisins
• Nut and dried fruit products such as:
  • Nut Blends
  • Nut butters
  • Chocolate covered dried fruits

Growth and Location

Since its founding in 2020, The Nut Place has continued to grow and evolve rapidly. The company is now headquartered in Lagos and has several branches across Nigeria. Every day, its products are becoming more accessible to people in all corners of the country.

The Nut Place remains true to its mission to offer its customers only the best products to support a healthy lifestyle. Under the leadership of founder Onyekwelu, the company continues to demonstrate its leadership in the nut and seed industry and its products are becoming increasingly popular among those who value quality and care for their health.

Quick Leap

In a world where modern technology is playing an increasingly important role in agriculture, Quick Leap is coming to the forefront with cutting-edge solutions to improve agricultural efficiency and sustainability. Founded in 2018 by entrepreneur Damion Udoh, Quick Leap has emerged as a leading player in agro-technology in Nigeria and beyond.

Quick Leap’s mission:

• To revolutionize agriculture in Africa through the use of technology.
• Increase crop yields and farmers’ income.
• Make agriculture more sustainable.

Quick Leap’s main product:

• A mobile platform that enables farmers to:
  • Access information on market prices, weather forecasts and best farming practices.
  • Connect with buyers and sellers of agricultural products.
  • Access financial services such as loans and insurance.
  • Track their crops and sales.
• The platform also gives farmers access to:
  • Agronomists who can help them with seed, fertilizer and pesticide choices.
  • Financial advisors who can help them access loans and other financial services.
  • Agricultural buyers who can help them sell their produce at a fair price.

Number of employees:

More than 50

Headquarters:

Lagos, Nigeria

Accomplishments:

• Helped over 10,000 farmers in Nigeria increase their yields by 20%.
• Raised over $5 million dollars in investments.
• Won the “Best Agri-Tech Company of the Year” award at the Nigeria Agribusiness Awards 2021.

The company is playing an important role in modernizing agriculture on the continent and helping farmers improve their food security and well-being.

FarmCrowdy

In Nigeria’s agriculture sector, where there are many challenges and constraints, FarmCrowdy is coming to the forefront with innovative solutions to support farmers and increase productivity. Founded in 2016 and based in Lekki, FarmCrowdy has quickly become one of the leading agritech startups in the region. The founder of this startup is Onyeka Akumah

FarmCrowdy’s mission:

• To make agriculture in Nigeria more profitable and accessible to all.
• Connect farmers with investors and help them access the funding they need to grow.
• Create a sustainable food system in Nigeria.
• The company also offers training programs and advisory services to help farmers improve their skills and adopt best practices in agriculture.

How FarmCrowdy works:

• FarmCrowdy acts as an intermediary between farmers and investors.
• Farmers can register on the FarmCrowdy platform and create a profile.
• Investors can view farmers’ profiles and choose which projects they want to invest in.
• FarmCrowdy manages the entire process, from sowing to harvesting and selling.
• Investors get a share of the profits from the harvest.

FarmCrowdy’s accomplishments:

• Raised more than $2 million in investment from companies like Techstars and Social Capital.
• Helped over 10,000 farmers in Nigeria increase their yields and income.
• Created over 100,000 jobs in agriculture.
• FarmCrowdy is one of the leading agri-tech startups in Africa.

Hello Tractor

In a world where agriculture plays a key role in the economy and food security, agritech startups like Hello Tractor are becoming an integral part of the process. Founded in 2014, Hello Tractor is an innovative solution to support agricultural producers in Nigeria and beyond.

Birth of an Idea

Hello Tractor was founded in 2014 by entrepreneur Jehiel Oliver in Abuja. Inspired by the need to improve the efficiency of agriculture in Nigeria, Oliver decided to create a company that would help farmers with their challenges in accessing farm machinery.

Partnerships and Support

Since its inception, Hello Tractor has attracted investments worth $3 million from companies such as Civic Accelerator and The Polsky Center. These investments have allowed the startup to expand its footprint and increase its services.

Innovative Solutions

Hello Tractor’s core product is a tractor rental platform that connects farmers who have tractors with those who need them for tillage. This allows farmers to save time and resources while improving their production efficiency.

Benefits of Hello Tractor:

• Increased accessibility: Farmers who don’t have the means to buy their own tractor can now rent one as needed.
• Increased efficiency: Tractors work more efficiently than traditional methods such as plowing by hand.
• Increased yields: This leads to increased yields and income for farmers.

Hello Tractor Achievements:

• Hello Tractor is already serving over 10,000 farmers in Nigeria.
• The company has helped farmers increase their yields by 30%.
• Hello Tractor has created over 1,000 jobs in agriculture.

Thrive Agric

Nigeria’s agri-tech industry is booming and one of the brightest names in the industry is startup Thrive Agric. Founded in 2016 in the city of Lagos, Thrive Agric has grown from a small start-up to a major company through innovative approaches to agricultural development.
Thrive Agric was founded in 2016 by entrepreneur Uka Eje in Lagos city. His mission was to change traditional farming practices by adopting cutting edge technology and innovative management practices.

Investing in the Future

Since its inception, Thrive Agric has attracted investments worth $9.15 million from companies such as Launchpad Accelerator, Y Combinator and Inclusive Fintech 50. These investments have been a key factor in growing the startup and expanding its impact.

Technology for Agriculture

Thrive Agric’s main product is a platform for raising investments in agriculture. With its help, investors can invest in agricultural projects, while farmers get access to the necessary resources and support to grow their business.

Thrive Agric startup leadership

Uka Eje, founder and CEO of Thrive Agric, is an inspirational figure in the agri-tech industry. His passion for innovation and drive for change in agriculture continues to motivate the startup team to reach new heights.

Thrive Agric: Helping Nigerian farmers thrive

Thrive Agric is a Nigerian agri-tech startup that helps farmers increase their yields and income.The startup has a mission to provide farmers in Africa with access to finance, technology and markets so they can thrive.
Thrive Agric has raised over $9.15 million in investment from Launchpad Accelerator, Y Combinator and Inclusive Fintech 50. It provides loans to farmers to buy seeds, fertilizers, and pesticides, educates them on best agricultural practices, and helps them sell their produce at a fair price.
The benefits of Thrive Agric’s services include increasing yields by 50%, doubling farmers’ income and helping them adopt more sustainable farming practices. The company already serves more than 100,000 farmers, helping them increase their income by $200 million and creating more than 10,000 agricultural jobs. Thrive Agric is a fast-growing startup that is making a real impact on the lives of farmers in Nigeria, contributing to their success and food security in the country.”

Babban Gona

Babban Gona is a Nigerian agri-tech company founded in 2012 that aims to revolutionize agriculture in Africa.

The company’s mission:

• To increase crop productivity and food security in Africa.
• Make agriculture more profitable for smallholder farmers.
• Create a sustainable food system.

How Babban Gona works:

• Babban Gona provides integrated solutions to smallholder farmers including:
  • Seeds
  • Fertilizers
  • Pesticides
  • Financial services
  • Training
  • Access to markets
• The company uses technology such as mobile apps to connect farmers with suppliers, buyers and financial institutions.

Babban Gona’s achievements:

• Babban Gona already serves more than 1 million farmers in Nigeria and other West African countries.
• The company has helped farmers increase their yields by 50%.
• Babban Gona has created over 100,000 jobs in agriculture.

Funding:

Babban Gona has raised more than $20 million in investments from investors such as Bill & Melinda Gates Foundation and Jeffery Skoll Foundation.

Babban Gona is a leading agri-tech company in Africa.

The company plays an important role in modernizing agriculture on the continent and helping to improve the lives of farmers and their families.

Farmz2U

In a world where technology plays an increasingly important role in every aspect of our lives, Nigerian startup Farmz2U is coming to the forefront, changing the face of agriculture in Nigeria. Founded in 2019 by entrepreneur Aisha Rahim Bolarinwa, this agri-tech startup has a mission that extends far beyond simple business goals.

Mission

Farmz2U’s mission is clear and ambitious: to improve access to fresh food in Nigeria, make farming more profitable for smallholder farmers, and create a more sustainable food system. These goals not only reflect a commitment to business growth, but also reflect a deep concern for social and environmental sustainability.

Innovative Approach

Farmz2U accomplishes its goals by connecting farmers and consumers through its mobile app. This innovative approach allows consumers to order fresh food directly from farmers, ensuring high quality and fresh produce. At the same time, farmers receive a higher price for their produce, increasing their income and improving their livelihoods.

Successes and Results

Farmz2U is already having a significant impact. Over 10,000 farmers and over 50,000 consumers in Nigeria have utilized the startup’s services. In doing so, the company has helped farmers increase their income by 30% and reduced post-harvest losses by 20%. These are important achievements that prove the effectiveness and relevance of Farmz2U’s work.

Financing

Financial support also plays a key role in Farmz2U’s success. The startup has raised $200,000 in investment from investors such as Techstars and Catalyst Fund. These investments are helping the company further grow and expand its impact.

Founder

Behind it all is a seasoned entrepreneur with a bright vision for the future of agriculture in Nigeria – Aisha Rahim Bolarinwa. Her passion for agriculture and confidence in the power of technology make Farmz2U not only a successful business, but also a change agent playing an important role in modernizing and improving the lives of people in Nigeria.

Conclusion

In conclusion, it is important to emphasize that agro-technology (agritech) plays an important role in the agricultural ecosystem. It is an innovative industry that contributes to improved production efficiency, higher yields and more sustainable agro-crops. However, despite its great potential, agritech suffers from lack of funding, which limits its development and adoption.