Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the agriculture industry. This time, you get to discover 5 hand-picked crowd farming solutions.
Global Startup Heat Map highlights 5 Top Crowd Farming Startups out of 55
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 55 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 crowd farming startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 50 crowd farming solutions, get in touch.
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YouFarm develops a Farming Investment Platform
The small farmers’ inability to provide collateral to financial institutions prevents them from receiving loans and investments. As a result, farmers often end up borrowing from the informal sector. This places a huge financial burden on farmers as well as prevents them from producing at the maximum capacity. To solve this problem, startups develop crowd farming platforms that open a collateral-free revenue stream for farmers.
South African startup YouFarm develops a collateral-free farming investment platform. The startup’s platform uses a token system to allow small investors to transfer finances to farmers. Accordingly, the investors become eligible to receive a share of the farmer’s earnings from produce sales. The platform unlocks access to financial help for small farmers. It increases farmers’ production capacities and creates an income stream for small investors.
Growpal facilitates Fishery Funding
Small-scale fisheries are an essential element of the global seafood industry. However, the lack of capital and infrastructure prevents them from effective commercialization of their products. To facilitate the development of small-scale aquaculture, startups develop digital solutions that link investors, fish farmers, and consumers.
Indonesian startup Growpal develops a fishery funding platform that connects investors, fishery owners, fish cultivators, and buyers. The startup’s platform allows investors to choose the funding recipient, transfer funds, and monitor the project remotely. Additionally, the platform facilitates funding distribution, providing fishery asset valuation and ensuring transparency throughout the investment process.
EZ Farming advances the Agricultural Value Chain
Even though most of the uncultivated arable land lies in Africa, agricultural development on the continent struggles. The lack of access to fair markets and pricing information limits the profits of African small farmers, thereby hindering development in the sector. Therefore, startups build digital platforms that amend the agricultural value chain in the region by connecting smallholder farmers to financial and commercial channels.
US-based startup EZ Farming provides a crowd farming platform for agricultural value chain development in Africa. The platform empowers smallholder farmers in the region by providing access to micro-investments, advanced technology, and alternative commercialization channels. Moreover, the platform allows investors to acquire farmland property, managed completely by EZ Farming, and receive a major share of the profits.
Farmcrowdy provides Agricultural Finance
The lack of financing for smallholder farmers usually restricts their ability to secure the equipment and innovations necessary for effective and efficient farming. This leads to lower yields, poor produce quality, and reduced profits. To help farmers modernize production processes, startups build digital solutions for agricultural finance. In addition to helping raise equipment investments, these solutions offer data analytics, market knowledge, and marketing services.
Nigerian startup Farmcrowdy develops a crowd farming service that provides technological and financial reinforcement to smallholder farmers. The startup helps farmers secure the land and insurance, plant seeds, finance equipment, and cover produce logistics. Additionally, Farmcrowdy bolsters farmer’s decision-making with market and yield predictions, carries out market research, as well as provides event and digital marketing.
Portugrow secures Crowdfunding for Medical Cannabis
As countries around the world lift recreational and medical marijuana regulations, the demand for the product is increasing. However, the cultivation of quality, good manufacturing practice (GMP)-certified medical cannabis requires substantial financial investments. As a result, to meet the rising demand, startups apply crowd farming principles to cannabis cultivation.
Dutch startup Portugrow develops a crowdfunding platform for medical cannabis cultivation. The platform allows investors to purchase individual plants, monitor their development, and receive profit from their sales. PORTUGROW allows small investors to contribute to the development of the European medical cannabis market, help patients in need of the medicine, and establish a passive revenue stream.
Discover more AgriTech Startups
AgriTech startups such as the examples highlighted in this report focus on financing solutions but also artificial intelligence, the Internet of Things as well as advanced analytics. While all of these technologies play a major role in advancing the agriculture industry, they only represent the tip of the iceberg. To explore more AgriTech technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free AgriTech Innovation Report to save your time and improve strategic decision-making.
