SA agritech startup Bulrush Agritech has revealed that it has landed R250 000 in angel funding, an investment it sourced while taking part in the first cohort of Cape Town based Akro Accelerator earlier this year.
Cape Town based Bulrush Agritech has developed The Stockman, an online platform that lets livestock farmers track their rainfall, stock numbers and herd movements.
The startup was founded in January by husband and wife team Sean, a software developer, and Kristi Rennie, who has a background in UX-design and brand-building experience.
Responding to an email from Ventureburn today, Kristi Rennie declined to reveal who the investor was, but said the investment had come about when the startup had taken part in the accelerator programme earlier this year.
“This was thanks to a direct introduction through Akro,” she said, adding that the investment is in the form of a debt-equity instrument.
Bulrush Agritech has landed R250 000 from an investor who is close to Akro Accelerator
“The investor is a South African investor, based in Joburg. He has close ties to the SA SME Fund (which is sponsoring Akro Accelerator’s two cohorts run this year) and a broad range of personal investments Click here to read entire article
Source:: Venture Burn