The Venture Codex Logo

The Venture Codex

Netri Foundation

Calle Balmes 191, Entresuelo 2, Barcelona, Catalonia, 08006, Spain

Overview

Netri Foundation seeks to improve the quality of life of the most disadvantaged through grants and social investments.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
0
Visit website

Investment portfolio

  • Farmerline

    Participated · Debt Financing · Apr 2022

    Founded in 2013 by Alloysius Attah and Emmanuel Owusu Addai, Farmerline works through agro-dealers to ensure access to high-quality supplies including fertilizer and seeds. Partner retailers use the startup’s Mergdata, a proprietary AI platform for supply-chain intelligence, to digitize farmers and predict demand to prevent stock-outs. The company leverages that data to determine business-expansion credit for agro-dealers and is expanding its physical infrastructure—warehouses and distribution networks—to create a marketplace that speeds movement of supplies and market access for farmers. Farmerline is expanding across West Africa, operating in Ghana and setting up operations in Ivory Coast. It has financed around $18 million worth of inputs and crops through franchise shop alliances and is targeting a direct reach of 300,000 farmers in 2022 (up from 79,000 the prior year). The company plans to strengthen supply chains to reduce farming costs and increase yields through AI deployment and local infrastructure amid rising fertiliser prices and food-security pressures. Farmerline is a Ghanaian agritech that provides a digital and physical marketplace connecting farmers to high-quality inputs, training, and market access. Its core product includes Mergdata, a proprietary AI supply-chain intelligence platform used to digitize farmers and predict demand for farm supplies. Farmerline works through partner agribusiness retail shops to distribute inputs and educational materials and to gather farmers for training, and it has developed credit-scoring for business expansion loans. The company has digitized over 1 million farmers across 26 countries and counts 180 clients for third-party Mergdata licensing; it more than doubled direct reach to 79,000 farmers last year (up from 36,000 in 2020 and 8,000 in 2019). Using new funding it plans to strengthen physical infrastructure—warehouses and distribution networks—and to expand first within Ghana and then into Ivory Coast, targeting 300,000 farmers in 2022 (roughly 400% growth versus the prior year).

Team

No current team members are available.