Livestock Wealth Raises $550k Funding Round
The South African crowd-farming startup helps clients invest in tangible, growing agricultural assets such as cattle-breeding, free-range oxen, organic garden tunnels and macadamia trees via its platform.
Livestock Wealth said it has raised ZAR10 million (US$550,000) in funding as it plans pan-African expansion.
Livestock Wealth’s business model allows farmers who cannot afford to scale their business to access capital, while offering the investor an opportunity to invest in these assets, which are not influenced by financial market trends.
The ZAR10 million (US$550,000) from the Mineworkers Investment Company (MIC), through the Khulisani Ventures investment vehicle, will be used to help the startup expand into international markets.
Ntuthuko Shezi, Livestock Wealth CEO, said: “Farming is one of the oldest pillars of generational wealth. We understand this at Livestock Wealth and created a platform to make an investment in farming accessible to anyone, anywhere. MIC’s investment in our company will allow us to scale our technology offering and prepare for growth beyond South Africa.”