SEAF Invests in SOWIT

Source(s): SEAF

SEAF, a global SME-focused impact investor, has invested in France-based, Africa-focused agtech company SOWIT. Using data analytics to synthesize historical climate data and drone- and satellite-based monitoring of current crop conditions, the company provides advisory services to African farmers deploying precision agriculture techniques. This is the fourth investment SEAF has made through its SEAF Morocco Growth Fund, which reached a first close of USD18 million in April 2018. Financial details of the transaction were not disclosed.