Kenyan Agri-tech Startup Lentera Secures Debt Funding from KCIC

Kenyan agri-tech startup Lentera has signed a working capital finance facility with the Kenya Climate Innovation Center (KCIC) to enable it to provide climate smart agriculture solutions to more farmers while it seeks equity investment, writes Tom Jackson at Disrupt Africa. Founded in 2017, Lentera offers precision agriculture services, including farm software, weather sensors, drone and satellite imaging, as well as automated advisory services on market conditions.

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Disrupt Africa reported last month the bootstrapped startup was on the fundraising trail as it aims to build out its platform, seeking a US$560,000 funding round to build out crop-specific versions of its climate smart solutions. In the meantime, Lentera has taken on debt funding from the KCIC, an initiative supported by the World Bank’s infoDev that provides incubation, capacity-building services and financing to Kenyan ventures that are developing innovative solutions in energy, water and agribusiness to address climate change challenges.

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