Farmerline Group
Status: Investment in contracting phaseWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our prospective customer?
Farmerline is an Agri Tech company focused on providing smallholder farmers with quality inputs and market access through a network of local Agribusinesses. Their proposition is tailored to the West African smallholder context and has a strong localized and educational component. They leverage their proprietary Mergdata farmer management platform to reach smallholder farmers in Ghana and Cote d'Ivoire, while also providing this platform on a SaaS basis to corporates and developmental organizations active in the agricultural value chain.
What is our funding objective?
The purpose of the investment is to allow Farmerline to further scale its operations. As the intial investment in the Pre-Series A, FMO is contemplating an investment from the FMO Ventures Program.
Why do we want to fund this investment?
The West African agricultural market is mostly made up of smallholder farmers, who lack access to inputs, knowledge and markets. Farmerline’s unique tech-enabled approach allows them to serve smallholders efficiently. By educating smallholders on best practices Farmerline both drives market demand and improves smallholder livelihoods.
What is the Environmental and Social categorization rationale?
E&S risk category B (medium) as the investment is expected to have limited environmental and social impacts which can be mitigated with well-known and available measures. Main E&S risks associated with Farmerline’s business activities are related to i) quality of the ESMS and organizational capacity, ii) OHS/emergency preparedness, iii) labour standards, iv) waste management/hazardous materials, and v) supply chain/3rd party contractor management. These risks trigger the IFC PS 1-4, while IFC PS 5-8 are not expected to be triggered. E&S risks/impacts will be managed by the company’s existing ESMS and the mitigation measures proposed in an E&S action plan developed by investors.
More investments
| Date | Total FMO financing |
|---|---|
| 8/22/2023 | EUR 0.05 MLN |
| 4/19/2022 | USD 3.00 MLN |
- Website customer/investment
- https://farmerline.co/
- Region
- Africa
- Country
- Ghana
- Sector
- Agribusiness, Food & Water
- Publication date
- 7/18/2023
- Deadline for feedback
- 8/2/2023
- Total FMO financing
- USD 1.00 MLN
- Funding
- Ventures Program Asia
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B