Pre-seed finance of $5 million was secured by AfriDex, a blockchain-based software as a service (SaaS) provider for the agriculture sector, located in London, UK.
Investors
- Endeavour Ventures
- Oldenburg Vineyards
- Hank Oberoi
- African Crops Limited
Use of funds
The money will be used by the business to grow both its operations and growth initiatives.
About AfriDex
Under the direction of CEO Henry Duckworth, AfriDex is developing a Solana-based platform that offers a full on-chain solution that empowers and safeguards all parties involved in the agriculture supply chain. Through the use of blockchain technology, the firm hopes to provide traceability, easy payment, transactions resistant to fraud, certified certificates, streamlined taxation, and simplified management of subsidies.
