About Farmshine
Farmshine is a Retail company based in Nairobi (Kenya) founded in 2017 by Luca Alinovi. Farmers and suppliers are connected via an online agricultural marketplace. It operates in the Retail and Agriculture sectors. Farmshine has raised $250 thousand across 1 funding round from investors including GMC coLABS. Its chief executive, as recorded, is Luca Alinovi. Farmshine offers products and services including Farmshine Platform and Technical Field Agent Services. Its focus areas include Food and Agriculture Tech, Crop Tech, ECommerce and Farm Produce. Its competitors include Wasoko, Twiga Foods and Taimba; 3 of its 3 listed competitors have raised funding.
Company details
Farmshine was founded in 2017 in Nairobi, Kenya, as an online marketplace in the agricultural sector. Farmers are linked with suppliers and service providers through the platform. Traceability of products is enhanced, market efficiency is supported, and pooled purchasing options are facilitated. Operations focus on improving agricultural supply chains in the region.
- Headquarters Nairobi, Kenya
- Founders Luca Alinovi
- SectorsRetailAgriculture
- Email••••••••
- Website farmshine.io
- Total Equity Funding$250K (USD)
in 1 rounds
- Latest Funding Round$250K (USD), Seed
Dec 2019
- Investors
Products & Services of Farmshine
Farmshine offers a comprehensive portfolio of products and services, including Farmshine Platform and Technical Field Agent Services.
Platform for farmers to trade crops and access support services.
Services providing advice on crop management and aggregation.
Funding Insights of Farmshine
Farmshine has successfully raised a total of $250K through 1 strategic funding round. The most recent funding activity was a Seed round of $250 thousand completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $250,000
- Total Rounds 1
- Last Round Seed — $250,000
- First Round $250,000
(Dec 2019)
- Investors Count 1
All 1 funding rounds of Farmshine with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2019 | $250,000 | Seed | – | GMC coLABS | – |
1 investors in total: 1 institutional.
Investors in Farmshine
Farmshine has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include GMC coLABS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An early-stage investment portfolio is managed for social impact. | gmccolabs.com | Atlanta, United States |
Investor details for Farmshine
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People of Farmshine
1 people are tracked at Farmshine (1 in leadership).
| Name | Role | Group |
|---|---|---|
Luca Alinovi | Co-Founder & CEO | Leadership |
Complete people profiles for Farmshine
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Timeline of Farmshine
2 dated milestones of Farmshine across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Farmshine is founded.
- Funding First funding round of $250K.
Competitors of Farmshine
Farmshine has 3 listed competitors in our database, 3 of them funded. They include Wasoko, Twiga Foods and Taimba.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wasoko.com | 2013 | Nairobi, Kenya | $151.91M | Online B2B marketplace offering groceries for enterprises | ||
| twiga.com | 2013 | Nairobi, Kenya | $94.05M | Farm products are distributed via an online marketplace to vendors. | ||
| taimba.co.ke | 2015 | Nairobi, Kenya | $100,000 | Online platform offering fruits and vegetables |
Detailed competitors of Farmshine
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Related news about Farmshine
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Frequently Asked Questions about Farmshine
Farmshine was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Farmshine is headquartered in Nairobi, Kenya.
Luca Alinovi is the CEO of Farmshine, as recorded in our data. They have also founded this company.
Farmshine is a funded company, having raised a total of $250K across 1 funding round to date. The company's 1st funding round was a Seed of $250K, raised on Dec 2019.
Farmshine was founded in 2017 in Nairobi, Kenya, as an online marketplace in the agricultural sector. Farmers are linked with suppliers and service providers through the platform. Traceability of products is enhanced, market efficiency is supported, and pooled purchasing options are facilitated. Operations focus on improving agricultural supply chains in the region.
Farmshine's top competitors include Wasoko, Twiga Foods and Taimba.
Farmshine offers Farmshine Platform and Technical Field Agent Services.
Farmshine has 1 investor. Key investors include GMC coLABS.