Investment · Agritech
Digital Africa backs Ethiopian agritech ChipChip
The investment will support ChipChip’s platform, data capabilities and network of farmers and business buyers.
Digital Africa has invested in ChipChip, an Ethiopian platform connecting farmers with households and business buyers. The amount and terms were not disclosed.
ChipChip combines group buying with produce distribution. Customers pool demand through its app, while businesses can place larger orders from farmers and suppliers.
The financing will help ChipChip strengthen its platform and data capabilities and expand its network of farmers and B2B buyers. Digital Africa, a Proparco subsidiary, described the deal as its first investment in Ethiopia.
Use of funds
Strengthen the platform and data layer
Expand the network of farmers and B2B buyers
Funding history
Investment · This roundUndisclosed