Agritech company Farmer Connect, best known for its coffee blockchain traceability solution, has announced a $9m Series A funding led by ITOCHU, to help create sustainable food supply chains.
The company will use the investment to develop new products, including ESG and Sustainable Development Goal (SDG) trackers, to maximize demand for inclusive, efficient and traceable agriculture supply chains that benefit farmers and consumers.
Swiss-based Farmer Connect, founded in 2019, operates software to help smallholder farmers link to the global food supply chain using IBM’s Food Trust blockchain technology and artificial intelligence. Ultimately the solution enables consumers to scan a barcode on their coffee beans and discover the coffee’s journey from farmer to cup, including packing, roasting and distribution.
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