$310K Grant & Debt funding secured by Ghanaian agri-tech startup Oyster Agribusiness

Oyster Agribusiness in Ghana has raised US $310,000 in grant and debt funding to advance its mission of sustainable agriculture, gender inclusion, and talent management. Oyster Agribusiness uses high levels of technology and closely collaborates with smallholder farmers.

Oyster Agribusiness, which was established in 2018, is committed to empowering smallholder farmers by offering them sustainable inputs, improved agronomic techniques, and a steady market for their produce. It accomplishes this by utilizing technology to control the distribution of its inputs and yield, as well as seeders for planting and drones for spraying.

The organization, which already works with 3,000 smallholder farmers, recently obtained a total of US $310,000 in grant and debt funding, which it will use to increase its operations.

Oyster’s debt financing is provided by Root Capital, a nonprofit lender dedicated to promoting resilience and prosperity in rural areas, and the startup has also been awarded two grants totaling another US $10,000.

“We are deeply grateful to Root Capital, our partners, and the grant providers for recognising the value of our work and the potential of smallholder farmers,” said Edmond Kombat, founder and CEO of Oyster Agribusiness. “This funding will enable us to expand our reach, strengthen our gender inclusion initiatives, and invest in our exceptional team, driving us closer to our vision of a thriving, sustainable agricultural sector.”