April 2021

Farmer Connect Secures US$9M to Bring Transparency to Supply Chains

Swiss agritech startup Farmer Connect has raised a US$9M in a Series A investment round.

An investment led by ITOCHU Corporation, a major Japanese general trading company, resulted in Farmer Connect securing US$9M. The Series A financing comes after significant growth in 2020 when the company’s revenue surged and its roster of clients and partners grew. Their partners include Cooxupé, the biggest coffee cooperative in Brazil, UCC Coffee, Beyers Koffie and The J.M. Smucker Company. Farmer Connect will use the money to develop new solutions for sustainability efforts in coffee and other agricultural sectors. They also plan to build new teams across the world like Geneva, New York City, Singapore and Brazil. ​

Launched in 2019, Farmer Connect offers a blockchain-based traceability platform for the safe storage and sharing of business data. Essentially, this technology connects producers to consumers to empower them and help their business grow. The blockchain-based tech was developed in part by IBM, based on the IBM Food Trust platform.

Investors from Europe and both North and South America participated in the round, along with Farmer Connect’s founding partner, Sucafina.

For more information:

Farmer Connect
Chemin de Blandonnet 8
Vernier, Geneva 1214, CH
Email : media@farmerconnect.com

Or you can also contact them here.

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