AgTech Startup Wefarm Secures New Financing Round

Wefarm, the world’s largest farmer-to-farmer digital network, has secured $5 million in additional seed funding, led by Silicon-Valley based True Ventures. Skype and Atomico Founder Niklas Zennström (angel investing in a personal capacity), WordPress Founder Matt Mullenweg, Blue Bottle Coffee CEO Bryan Meehan, and the Norrsken Foundation, have all joined the round, along with significant follow on investment from LocalGlobe and Accelerated Digital Ventures (ADV).

Wefarm is the world’s first crowdsourced peer-to-peer network for offline communities. Over 500 million small-scale farmers produce over 70% of the world’s food and spend over $400 billion on farm inputs and other services, annually. Yet, they are often ignored by the global markets, services and leaders creating solutions to agricultural problems. Wefarm is reversing that reality by placing the voices of these farmers back into the heart of global agriculture.

Wefarm enables the world’s small-scale farmers – many of whom live in remote areas without access to the internet – to connect with one another to solve problems, share ideas, and spread innovation. Wefarm solves a very simple problem for these farmers – where to get help. With the world’s population projected to grow from seven to nine billion by 2050 and climate change showing no signs of abatement, alleviating pressures on the global food supply chain is paramount.

Through Wefarm, farmers can ask questions in their own language on anything related to agriculture, from battling a crop disease or an infestation of army worm, to best practices for growing cash crops such as maize, tomatoes, coffee and tea. Wefarm uses machine learning and the power of the crowd to source the very best content and knowledge from a network of over 660,000 farmers, even via SMS.

Wefarm is currently operating in Kenya and Uganda with plans to expand into other areas of Eastern and Sub-Saharan Africa imminently. It has a user retention rate of 90%  and more than 30% of farmers actively contribute their knowledge every month.

“We believe farmers are often the best and most relevant source of information and experience for other farmers,” said Kenny Ewan, Founder and CEO of Wefarm. “We’re proud to have created a network that empowers the close to one million farmers who use our service, and we’re excited to expand our reach and product capabilities this year.”

“Wefarm’s mission is incredible, and we’re ecstatic to support Kenny and his team,” said Jon Callaghan, co-founder of True Ventures. “The company democratizes technology, promotes the fluidity of information across an entire segment of the food supply, and helps farmers become more productive. Wefarm is the kind of movement True was designed for, and we are excited to empower this business and mission for the world.”

Wefarm will use this round of funding to develop commercial product offerings and build a new set of features. One such feature, which aligns with Wefarm’s belief in putting the farmer first, is Wefarm’s Project Farmlog – an interactive, “smart farming assistant” that works even on feature phones. It will use machine learning to intelligently support farmers both throughout the growing season and also with their livestock, based on the questions they have asked.

“We invested in Wefarm because their innovative solution helps to achieve the United Nation’s sustainable development goals,” said Anna Ryott, Deputy CEO of the Norrsken Foundation. “It enables small farmers to become more efficient, thereby directly contributing to the eradication of hunger and poverty.”

Wefarm’s data models will be able to track and predict keys issues, such as disease, ripening periods, shortages, drought, soil conditions, farm characteristics and many other vital supply chain issues. With this data, businesses can improve supply chain management and security, evaluate key trends and challenges, and increase sustainability and transparency.

Leave a Reply

Africa/Middle East Stories
Farmers Edge Truck
Africa/Middle EastFarmers Edge Aligns with PartnerRE to Streamline Crop Insurance Claims, Expand Access
February 13, 2018
Today Winnipeg-based FMIS giant Farmers Edge announced a partnership around crop insurance with Zurich-based PartnerRE. Although a bit short on Read More
Africa/Middle EastPERSPECTIVE: Is Bayer’s Highly Anticipated xarvio App the Next Uber for Ag?
November 22, 2017
As many of our CropLife IRON readers might know, every summer at MAGIE we award the most popular product featured Read More
Zambia agriculture
Africa/Middle EastYoung Farmers in Zambia Turning to Digital Technologies
August 30, 2017
Across the globe farmers are turning to digital technology and one place rich in new ideas is Zambia where young Read More
Africa/Middle EastIsraeli Precision Ag Companies Lead in Water Use Efficiency, Ag Technology
August 16, 2017
In the last week, AgriHub, formed by farmers and consultants from Brazil, visited 10 Israeli agribusiness companies, including the Ministry Read More
Trending Articles
Business ManagementBeing a Great Team Player in the Precision Agriculture Game
March 15, 2018
Only great team players who are great teammates, have the potential to get championship results. Each player on the team Read More
Dr Brian Arnall Oklahoma State Paul Schrimpf
Excellence AwardsOpen For Nominations: PrecisionAg Awards Of Excellence Honor Outstanding Achievement in Ag Technology
March 7, 2018
Nominate an outstanding individual for one of four PrecisionAg Awards of Excellence. Recipients will be honored at a special ceremony during the 2018 InfoAg Conference in July. Read More
AmericasCrop Scouting in Brazil Improves Through Intelligent Pest Monitoring Systems
February 28, 2018
About nine years ago, shortly after finishing my graduation, my first job was as a monitor of pests and disease Read More
Events12 Groundbreaking AgTech Startups Selected to Pitch at AgLaunch Startup Station
February 22, 2018
AgLaunch is bringing its Startup Station pitch event back to the Mid-South Farm and Gin Show for a second time Read More
Industry NewsNFMS 2018: Case IH Talks Autonomous Agriculture, Announces Pilot Program
February 20, 2018
Since the reveal of the autonomous concept vehicle, Case IH has been evolving the technology and further defining automation and Read More
AsiaCloud-based Irrigation Could Double India’s Crop Yield and Halve Water Use
February 12, 2018
A cloud-based, micro-irrigation system tested on a farm in India has cut water use by up to 80%  and doubled Read More
Latest News
Corn Field
Industry NewsIndustrial IoT Company Intros Remote Asset Monitoring S…
March 16, 2018
FreeWave Technologies today announced the general availability of the WAVECONTACT WC30i-AXIS Wireless Angle Sensor. This sensor measures thief hatch states Read More
Decision Support SoftwareOpinion: The Missing Link in Precision Agriculture
March 15, 2018
The agtech boom over the last two years is indeed astonishing. Farmers are becoming more open to new, emerging technologies Read More
Sensors/IoTEstimating Field Weather and Soil Conditions
March 15, 2018
There is a favorite expression of mine that I love to apply to meteorology: “Measure with a micrometer, mark it Read More
Filling The Planter from Cab
Service ProvidersPrecision Agriculture: What is it?
March 15, 2018
If we look at the title of the article, all of you will come to an answer. These answers will Read More
Business ManagementBeing a Great Team Player in the Precision Agriculture …
March 15, 2018
Only great team players who are great teammates, have the potential to get championship results. Each player on the team Read More
AmericasJanzen: What You Need to Know About Congress’ Agr…
March 15, 2018
Via Janzen Ag Law Blog: Senators Amy Klobuchar and John Thune have introduced Senate Bill 2487, the “Agricultural Data Act Read More
Farmer tractor tablet
Data ManagementAg’s Digital Revolution: What’s Holding Us Back?
March 15, 2018
Data is undeniably a valuable asset. Yet, in the ag ecosystem, who’s seeing the value from it? A recent article Read More
PrecisionAg InstitutePrecisionAg Institute Whitepaper Library
March 14, 2018
Welcome to the PrecisionAg Institute Whitepaper library! Here you will find free whitepapers and case studies from the PrecisionAg Institute Partners Read More
Africa/Middle EastAgTech Startup Wefarm Secures New Financing Round
March 14, 2018
Wefarm, the world’s largest farmer-to-farmer digital network, has secured $5 million in additional seed funding, led by Silicon-Valley based True Read More
Spensa platform
Industry NewsAg Tech News: DTN Acquires Spensa to Boost Predictive M…
March 14, 2018
DTN announced today that it has signed a definitive agreement to acquire Spensa Technologies, according to a press release on Read More
Industry NewsAg Tech News: BioLumic Garners $5 Million in Series A
March 14, 2018
BioLumic, creators of the first ultraviolet (UV) crop yield enhancement system, today announced the close of $5 million in Series A financing. Read More
UAV drone
DronesFlorida Specialty Crops: Realizing the Benefits of Prec…
March 13, 2018
Dr. Yiannis Ampatzidis recently joined the faculty at UF/IFAS Southwest Florida Research and Education Center (SWFREC) in Immokalee, writes Frank Read More
Data ManagementAgReliant Genetics, The Climate Corp. Collaborate on Da…
March 13, 2018
AgReliant Genetics, the third largest seed company in North America, and The Climate Corp., a subsidiary of Monsanto Co., have Read More
Sensors/IoT6 IoT Trends to Watch in 2018
March 9, 2018
With increased value provided by edge computing to security improvements with Blockchain integration, IoT platforms across the board are just Read More
EuropeJohn Deere to Acquire Carbon Fiber Boom Manufacturer in…
March 9, 2018
Agriculture is a tough business to be in, even with a booming economy the ag world is still taking its Read More
Data ManagementOpinion: Ag Data Sells, But Who’s Buying?
March 9, 2018
Indulge me and let’s beat a dead horse together. We all know that data is a huge deal these days. Read More
Industry NewsAutonomous Solutions Announces Autonomous Vehicle Pilot…
March 7, 2018
Autonomous Solutions, Inc. (ASI) technology will be used in two pilot programs with large scale commercial growers in California. A Read More
Precision IrrigationLindsay Event Puts Focus on Precision Irrigation and Sm…
March 7, 2018
Lindsay Corp., a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today hosted Water Matters 3.6.18 Read More