Ghanaian Agritech startup, Cowtribe has secured $300,000 investment from Draper Richards Kaplan Foundation.
Launched in 2016, Cowtribe acquires and aggregates affordable vaccines from larger suppliers and delivers them to farmers through a network of qualified agents. It also came to ease the procurement of livestock medicines by enabling people to order animal vaccines via texts, mobile phones, and USSD.
The Agritech startup aims to cover ten regions of Ghana in the next coming months as it hopes to reduce the losses made by livestock diseases as they reported that over US$3 billion is lost by farmers every year due to the diseases.
We've got an exciting news for you this morning. @CowTribe has secured a $300,000 USD #seedfunding investment from the Draper Richards Kaplan Foundation. @DRKFoundation, @CTAflash, @Ventureburn ,@DisruptAfrica, @MESTAfrica, @alimabawa @awinpeter
— Cowtribe (@CowTribe) November 8, 2018
Since its launch cow tribe is reported to have served over 30.000 farmers in more than 120 villages and has gotten more than 9.000 vaccines requested worth US$100.000.
The co-founder of Cowtribe Peter Awin says that one of their goals is to establish the first mover advantage in Ghana, “Key goals include establishing first mover advantage in Ghana, building a strong brand equity and ensuring that it is economically non-viable for competition to secure market share within Cowtribe’s market.” he said.
In addition, the hopes to expand to serve in other African countries as well, particularly Mali and Burkina Faso as aims for the long run.
