Agritech startup Fefifo closes ECF campaign with staggering 1,031% of initial funding
Summary
“Closing the ECF round above RM3 million proves that Fefifo empowering farmers and young agri-graduates to easily start digitalised farming in co-farms, is essential to the future of sustainable food systems despite the current Covid-19 challenges and nationwide lockdown,” he adds. “This achievement means that we are now even more able to award access and advantage to all smallholders and aspiring farmers throughout the region.” The newly-raised funds will be used to develop ongoing Fefifo operational facilities, build its DDFN technology, facilitate lowland preparation, maintain its greenhouse facilities, as well as improve on its crop system and ability to offer pre-harvest financial support. We are so proud and glad that Fefifo took to our ECF platform to fully maximise its potential as a valued business. It is just fantastic to see how companies leverage on ECF platforms to scale their business objectives, which in turn, produces greater possibilities and opportunities for their target markets at large,” says Ata Plus co-founder and director Kyri Andreou. “This is a great example of a compelling business tackling real-world problems, and then teaming up with the right people to generate a winning formula consisting of an excellent business plan, an attractive investment proposition, well-thought-out fundraising strategies and comprehensive solutions for content, marketing and promotional activities.