Fueling Agribusiness Growth: LoftyInc Unleashes Funding Opportunities for Farmz2u, Tradebuza, Protein MeatyMart, and More through Project Sparrow
In a bid to further drive an end to food insecurity and build a robust Agricultural sector across board, LoftyInc Group has taken a giant leap forward in empowering agribusiness startups under Project Sparrow — a co investment grant program with the West Africa Trade Investment Hub. As part of their unwavering commitment to fostering growth and innovation, LoftyInc has facilitated access to equity and debt finance for Farmz2u, Tradebuza, Protein MeatyMart, and several other pioneering startups.
This program is being executed in partnership with the USAID funded West African Trade and Investment Hub is designed to enhance the capacity of agricultural and agritech startups and aims to provide them with the necessary resources to access finance, boost yield, generate employment opportunities while making a positive impact on the livelihood of smallholder farmers.
Through this groundbreaking initiative, LoftyInc is paving the way for these startups to unlock their full potential. By bridging the financial gap, Farmz2u, Tradebuza, Protein MeatyMart, and others can now seize opportunities for expansion, innovation, and sustainability.
MEET THE STARTUPS!
Farmz2u
In the realm of agriculture, Farmz2u stands tall, armed with a wealth of skills, expert teams, and invaluable data to empower smallholder farmers and help them operate at a commercial scale. This Startup helps improve farmers productivity by giving them access to data, Credit facility and Market.
Building upon the success of the Sparrow Innovation and Research Program (IRP), Farmz2u has achieved significant strides. LoftyInc facilitated the equity financing of $500,000 from LoftyInc Capital Management. Additionally, they have raised Line of Credit from Safe Haven Microfinance Bank, amounting to a remarkable NGN 15 million.
The stage is set for a brighter future in farming, and Farmz2u stands at the forefront, leading the charge towards a prosperous and sustainable agricultural revolution.
CROPSAFE
Cropsafe is an innovative company that preserves farmers’ harvests by managing post-harvest losses. With $250,000 equity funding accessed from Acumen after going through in the Investment Readiness Program conducted under Project Sparrow and facilitated by LoftyInc, they have established a grain preservation hub and developed cost-effective industrial dehydrators using local materials.
PROTEIN MEATYMART
Protein Meatymart is an agric-based company that uses technology to connect small-scale and large-scale fish production, processing, and packaging. Their activities span across Nigeria’s 6 geopolitical zones, including fish farming, storage, processing, and packaging. Through the USAID-WATIH supported Project Sparrow secured $234,000 in equity funding, N20,000,000 in debt finance, and N60,000,000 in grants.
TRADEBUZA
At the heart of TradeBuza’s transformative approach lies their cloud-based platform, a powerful tool that captures invaluable data from smallholder farmers and farms located in the last-mile.. By bridging the gap between technology and agriculture, TradeBuza is spearheading a new era of efficiency and sustainability in the agricultural landscape.
Following the successful completion of the Sparrow Innovation and Research Program (IRP), TradeBuza has achieved a significant milestone by raising an impressive NGN160m ($389,294) in debt financing. This substantial funding injection has empowered the TradeBuza team to aggregate agro commodities from their extensive network of merchants and suppliers, propelling their mission forward and paving the way for greater success in the future.
LoftyInc remains committed to its mandate and will work assiduously to provide increased access to funding for the Startups under Project Sparrow. These startups are poised to revolutionize the agricultural landscape, creating a ripple effect that will empower farmers, stimulate economic growth, and address crucial food security challenges. LoftyInc’s visionary approach ensures that agribusiness startups receive the support they need to thrive, leading us towards a future where innovation and social impact intertwine in the agricultural sector.
