About AgriTech sector in Nigeria
The AgriTech sector in Nigeria comprises 308 companies, including 40 funded companies having collectively raised $157M in venture capital money and private equity. Out of these, 5 are Series A+ funded.
AgriTech sector in Nigeria has seen 1 IPO.
This sector includes companies providing enhanced farm inputs, software, tech enabled hardware for crop, livestock, aquaculture and insect farming.
AgriTech sector is also known as AgriTechTech, AgriTech-Tech, Digital AgriTech or AgriTech Technology Solutions.
Companies providing enhanced farm inputs, software, tech enabled hardware for crop, livestock, aquaculture and insect farming are included in this sector. Companies providing industry agnostic software, tech enabled hardware, as well as traditional farming companies, are excluded.
Top AgriTech Companies in Nigeria
There are 308 AgriTech startups in Nigeria which include Babban Gona, Releaf, Hello Tractor, Thrive Agric, FarmCrowdy. Out of these, 40 startups are funded, with 5 having secured Series A+ funding.
2026 has seen the creation of 7 AgriTech startups in Nigeria. Over the past 10 years, an average of 23 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Cornell University, Duke University and University of Toronto.
Here is the list of top AgriTech startups in Nigeria
1. Babban Gona
Babban Gona provides customized farming services. The company offers farm inputs, credit, marketing, and training services to the franchised farmer groups. The company claims to train the farmers to enhance their yields and increase their net incomes 2.8 to 3.5 times greater than the average farmer with a 99.9% loan repayment rate. The company is operational in Lagos.
Key facts about Babban Gona
- Founded Year: 2012
- Location: Lagos (Nigeria)
- Stage: Early Stage
- Total Funding till date: $20M
- Investors: British International Investment, Jasmine Social Investments and 4 Others
- Latest Funding Round: Conventional Debt, Sep 03, 2025, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 10 of 1,217 Competitors
2. Releaf
Provider of industrializing food processing platform for crop farming. Its uses pre-processing technology to increase the quality of inputs supplied to food factories. It offers raw material logistics solutions for farmers to food factories.
Key facts about Releaf
- Founded Year: 2017
- Location: Uyo (Nigeria)
- Stage: Seed
- Total Funding till date: $6.37M
- Investors: SAMURAI INCUBATE AFRICA, Future Africa and 14 Others
- Latest Funding Round: Seed, Feb 28, 2023, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 4 of 264 Competitors
Provider of renting service and data analytics for farm machinery. It allows farmers to rent services for their farmland as pay per the usage. Equipped with various attachments, owners can tailor its use for a variety of crops and stages of the production cycle, allowing them to serve their customers throughout the year. The GPS antenna allows users to track its usage and gather data on location, and market trends. The platform allows these farmers to connect with the owners of these "Smart Tractors" through their booking system rs to conveniently request and schedule tractor services, from nearby Smart Tractor owners, through SMS messaging.
Key facts about Hello Tractor
- Founded Year: 2014
- Location: Abuja (Nigeria)
- Stage: Series A
- Total Funding till date: $3.6M
- Investors: Civic Accelerator, John Deere and 4 Others
- Latest Funding Round: Series A, Dec 22, 2023, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 1 of 7 Competitors
4. Thrive Agric
Online platform for investors to invest in farming projects. The company provides cultivation and works with farmers who performs the farming operations in that land. The company deals in sesame, maize, and pepper.
Key facts about Thrive Agric
- Founded Year: 2016
- Location: Lagos (Nigeria)
- Stage: Series A
- Total Funding till date: $9.15M
- Investors: Launchpad Accelerator, Ventures Platform and 4 Others
- Latest Funding Round: Conventional Debt, Mar 22, 2022, $*****
- Tracxn Score: 48/100 What is this?
- Competitors Rank: 1 of 40 Competitors
5. FarmCrowdy
Online platform that allows individuals to invest in small-scale agricultural projects through crowdfunding. It also provides structured finance services, which involve offering financial products and services tailored to the specific needs of farmers and agricultural projects. It also facilitates the aggregation and sales of agricultural produce by connecting farmers with buyers. By connecting farmers with buyers. It provides farmers with valuable insights and information through the use of data analytics, remote sensing, and other technological tools.
Key facts about FarmCrowdy
- Founded Year: 2016
- Location: Lekki (Nigeria)
- Stage: Seed
- Total Funding till date: $2M
- Investors: Techstars, Cox Enterprises and 8 Others
- Latest Funding Round: Seed, Mar 21, 2019, $*****
- Tracxn Score: 47/100 What is this?
- Competitors Rank: 2 of 40 Competitors
Companies founded year-on-year in the AgriTech sector in Nigeria
7 new startups have been founded so far in 2026 in the AgriTech sector in Nigeria. 48 AgriTech startups in Nigeria were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 7 |
2025 | - |
2024 | 11 |
2023 | 10 |
2022 | 24 |
2021 | 28 |
2020 | 48 |
2019 | 42 |
2018 | 38 |
2017 | 31 |
Stage-wise distribution of AgriTech sector companies in Nigeria
Out of the total 308 AgriTech companies in Nigeria, 40 have secured funding. Among them, 5 have reached Series A or higher, and 1 to Series B or beyond.
Founded - 308
Funded - 40
Series A+ - 5
Series B+ - 1
Series C+ - 1
Company Stage | No. of companies |
|---|---|
Founded | 308 |
Funded | 40 |
Series A+ | 5 |
Series B+ | 1 |
Series C+ | 1 |
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Funding Trends in the AgriTech sector in Nigeria
Total funding year-on-year in the AgriTech sector in Nigeria
The AgriTech sector in Nigeria saw a total funding of more than $154M in the last 10 years. The most amount of funding was in 2022 at more than $65.3M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $8M |
2024 | $3.59M |
2023 | $8.01M |
2022 | $65.3M |
2021 | $26.7M |
2020 | $9.04M |
2019 | $1.65M |
2018 | $640K |
2017 | $21.7M |
Recent Funding Rounds in AgriTech in Nigeria
In the year 2025, till June 2025, AgriTech companies in Nigeria have raised equity funding across 1 round.
Here are some recent, important funding rounds in AgriTech companies in Nigeria:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 6125 | Jun 16, 2025 | ||
Seed | 3016 | Oct 02, 2024 | ||
Seed | 7673 | Jul 23, 2024 | ||
Series A | 9340 | Dec 22, 2023 | - | |
Seed | 6480 | May 22, 2023 |
Top Investors in AgriTech in Nigeria
British International Investment is the top investor in AgriTech companies in Nigeria based on number of companies invested.
Here are some top investors in AgriTech companies in Nigeria:
Investor | Location | Top Portfolio Companies |
|---|---|---|
London (United Kingdom) | ||
New York City (United States) | - | |
Nairobi (Kenya) | - | |
Dubai (United Arab Emirates) | - | |
Washington, DC (United States) | - |
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Colleges which produce the most AgriTech companies in Nigeria
Companies founded by alumni from top colleges in the AgriTech in Nigeria
Most number of AgriTech startups in Nigeria have been founded by alumni from Cornell University, Duke University and University of Toronto.
College | No. of companies |
|---|---|
Cornell University | 1 |
Duke University | 1 |
University of Toronto | 1 |
Yale University | 1 |
Total funding in AgriTech companies founded by alumni from top colleges in Nigeria
In the last 10 years, Duke University graduates' AgriTech companies in Nigeria have raised the most funding among top colleges. Yale University alumni are second.
College | Total Funding |
|---|---|
Duke University | $7.87M |
Yale University | $7.87M |
Cornell University | - |
University of Toronto | - |
Top News in AgriTech in Nigeria
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Catalyst Fund Announces $2 Million Investment into 10 African StartupsKenyan Wall Street•Jan 10, 2023•BFA, FSD Africa, Agrosupply, Assuraf and 8 others
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