The Ghana-based agricultural service provider Warc Africa has successfully closed its Series B round, securing $7.5 million. The fresh capital raised aims to boost Warc Africa’s reach to serve over 100,000 farmers in Ghana, increase their incomes, and protect the soils.
The Swiss family office Kielder Agro led the round, while the US-based catalytic investor Rippleworks provided the debt investment.
Founded in 2011 by the Argentinian entrepreneur Emiliano Mroue, Warc Africa provides farmers with a holistic range of services to increase their yields and incomes. By leveraging its network of trading hubs in local communities, the company designs and sells regenerative farming input packages while providing access to training, mechanised services and transparent markets.
Warc Africa’s model directly impacts farmers by providing them with premium prices for their harvests, access to wholesale prices for high-quality inputs, and direct access to markets. This enables farmers to increase their income and improve their livelihoods. Warc Africa ensures consistent, large volumes of produce at lower prices for end buyers, resulting in cost savings and improved supply chain efficiency. Additionally, input producers benefit from direct access to remote customers, simplified supply chain processes, and the ability to fulfil bulk orders, leading to increased market opportunities and revenue growth.
The company supports 20,000 farmers in Northern Ghana and channelled $7 million to farmers last year. According to the founder, its revenue is close to $20 million. Warc’s growth since its founding was enabled by patient capital from investors including Cordaid, Acumen, Ceniarth, and the Mulago, Small, and Dovetail foundations.
Source: Impactalpha
