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# South Africa's agritech startup Nile raises $5.1 million
- URL: https://www.techloy.com/south-africas-agri-tech-startup-nile-raises-5-1-million/
- Published: 2022-05-20T09:26:14.000Z
- Updated: 2022-12-08T00:46:16.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Agritech, Tech in South Africa

[Nile,](https://nile.ag/) an agri-tech fresh produce trading startup based in South Africa has raised $5.1 million in its equity funding round. 

- Launched in 2020, Nile is a business-to-business (B2B) startup providing digital solutions to address complex points in food trading including price transparency, quality verification, speed of payments, traceability of produce and food waste.
- The platform facilitates the end-to-end connection of farmers to commercial retailers for fresh produce in South Africa including transaction and payment security for efficient cash flow.
- It has processed the trading of 30 million kg of fruits and vegetables on its platform with buyers from 5 countries, and 35 towns and cities in South Africa.
- The funding round was led by Naspers Foundry with a $2.5 million equity contribution and participation from Platform Investment Partners, Raba Capital and Base Capital.