Elucid, the sustainability technology company, has secured funding to reshape global supply chains and improve the lives of smallholder farmers. Elucid’s mission is to bridge the gap between ethical sourcing and improved farmer health and livelihoods by offering an innovative solution that benefits companies and smallholder farmers.
Founded by Dr.Julius Emmrich and Dr. Samuel Knauss, the company has created a pioneering data-driven solution that addresses pressing challenges in supply chain transparency and farmer well-being. The platform helps to assess, report, and mitigate risks to human health and livelihoods in global supply chains.
Since its inception in February 2022, Elucid has rapidly gained traction, already providing healthcare coverage to farming communities in Ghana, Madagascar, Ecuador, and Venezuela. The company’s ambitious goal is to extend the number of farmers and their family members directly benefiting from Elucid’s services to over 500,000 by 2025. Elucid’s strong commercial traction is underscored by multi-year contracts with prominent cocoa and fresh fruit manufacturers. The successful funding round will enable Elucid to drive growth across Africa and Latin America, expanding its impact on farmers’ lives and supply chain sustainability.
The round saw the participation of investors such as Impact Funds of IBB Ventures, Elea Foundation for Ethics in Globalization, Katapult Africa Seed Fund, Atreyu Investments, Aude Ventures GmbH, Imaginal Seeds, FINCA Ventures, and Satrana Ventures.
