Thrive Agric, a Nigerian agritech startup has been selected for the 500 Startups tech accelerator program. The startup was among the 22 companies announced for the four-month program.
Founded in 2016, Thrive Agric is a crowdfunding platform that provides farmers with the finances to grow their business. Alongside needed capital support, the platform provides farmers with advice and support to distribute and sell their produce to a larger market.
The company also functions as a platform that offers an in-road for regular Nigerians to invest in the country’s agricultural sector.
This is another wonderful achievement for Thrive Agric as the agrictech startup was also part of the 1st cohort of Google LaunchPadAfrica.
Organised by Silicon Valley firm, 500 Startups, the accelerator program is a four-month seed program. Cohorts for the program get $150,000 funding in return for 6% equity.
