Good Nature Agro just completed a Serie A funding worth $2.1 million. The Zambia-based tech company is specialized in the end-to-end legume value chain. Goodwell Investments led the round that saw participation from existing seed investors, FINCA Ventures, and Global Partnerships.
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Good Nature Agro was founded in 2014 by Carl Jensen, Kellan Hays, and Sunday Silungwe. Carl and Sunday met in the United States with an aim of lifting Good Nature Agro from poverty to the middle class.
Special business model
GNA will support 15,000 farmers in 2020 through its extension services, financial planning packages, reliable off-take contracts, and goal-centered framework. The company uses a source, a special sales and production model.
In excerpts from the released press statement, Carl Jensen, who is the co-founder and CEO of Good Nature Agro said, “Our focus on personal advice and service delivery to farmers even as we scale is the key to our social impact and our momentum.”
Mercy Zulu, an investment associate at Goodwill Investments said, “Good Nature Agro is addressing many of these issues by providing access to credit, inputs, critical technical services, and market linkages in a way that benefits smallholder farmers and promotes sector growth. This makes the company a good fit for uMunthu’s inclusive agribusiness strategy.”
Source:techinafrica.com
