Islamabad, Oct 8: Farmdar Secures Pre-Series A Investment from Silicon Valley to Drive AgriTech Innovation in Pakistan
Farmdar, a Pakistani agritech startup that leverages AI and satellite technologies to optimize agricultural productivity, has raised a Farmdar Secures Pre-Series A investment round led by Silicon Valley’s Moment Ventures, with participation from Indus Valley Capital.
This marks the first Silicon Valley-led investment in a Pakistani startup this year.
Muhammed Bukhari, Farmdar’s co-founder, emphasized that the investment will help the company address the increasing climate challenges faced by agriculture in Pakistan while accelerating expansion into Southeast Asia’s crucial agricultural markets. Since its launch in 2021, Farmdar has covered over 350 million acres globally and supported over 200,000 farmers with precision agriculture solutions.
Ammar Hanafi, Managing Director of Moment Ventures, highlighted Farmdar’s innovative use of satellite technology, proprietary data, and AI, expressing excitement about the startup’s potential in both Pakistan and Southeast Asia.
Farmdar secures Pre-Series A investment from Silicon Valley to drive AgriTech innovation in Pakistan, marking a significant step forward for the future of farming in the country. The company’s vision of integrating advanced technology with traditional farming practices is set to revolutionize the industry and improve the livelihoods of farmers across Pakistan.
