We are thrilled to announce that iProcure Ltd., a pioneering Agri-tech company committed to transforming agricultural practices in East Africa, has successfully raised $10 million in funding. This significant investment will play a critical role in advancing our mission to lower production costs for farmers by optimizing farm input distribution channels through data-driven solutions. With our innovative approach, we currently support over 1 million commercial smallholder farmers across East Africa, ensuring they have timely and efficient access to quality agricultural inputs through our extensive network of thousands of tech-enabled Agro-dealers.
The infusion of capital will enable us to enhance our proprietary supply chain technology, which underpins our national network of distribution centers spread across three countries. This technology allows us to ensure rapid delivery and fulfillment while providing accurate forecasting and strategic positioning of inventory. As we look to the future, this funding will not only bolster our operational efficiency but also expand our reach, empowering even more farmers with the tools they need to optimize their production and improve their livelihoods. With the agricultural sector facing numerous challenges, our commitment to innovation and sustainability has never been more necessary, and we are eager to harness these resources to drive impactful change in the region. We are excited about what lies ahead and grateful to our investors for their belief in our vision. Together, we can revolutionize the agricultural landscape and foster a more prosperous future for farmers in East Africa.
