Livestock Wealth, a crowd-farming firm in South Africa, has raised $550,000 (ZAR10 million) in capital as it prepares to expand across Africa. The Mineworkers Investment Company’s venture capital division, Khulisani Ventures, provided the funding (MIO). According to Khulisani Ventures, inventions and innovations are the engines that power the growth of the economy. One such organization, with innovation at its core, is Livestock Wealth. It is the ideal illustration of the kinds of businesses Khulisani Ventures continue to look for in mutually beneficial alliances.
Ntuthuko Shezi founded the startup in Johannesburg, which offers financing devoted solely to livestock. Through the cattle investment medium, it facilitates the movement of funds from investors to farmers who require finance. The organization has led tens of thousands of investors into genuine, expanding assets including livestock, free-range oxen, organic garden tunnels, and macadamia trees since its founding in 2015.
Thato Ntseare, the manager of MIC’s impact investments, points to Livestock Wealth’s user-friendliness as a key attraction. Anyone may buy and own genuine profit-generating assets thanks to Livestock Wealth, which also helps farmers take care of these assets before selling them. To elaborate, he claims that “they have embraced innovation and recognized that coming up with creative solutions to problems is the best strategy.”
Shezi, who is the CEO of Livestock Wealth believes that working with MIC will be crucial to helping his company reach its expansion objectives, which include broadening its exposure to new markets and seizing emerging opportunities. He asserts that MIC’s investment will enable Livestock Wealth expand its technological offering and get ready for expansion outside of South Africa.
“Farming is one of the oldest pillars of generational wealth. We understood this at Livestock Wealth and created a platform to make investment in farming accessible to anyone, anywhere. Which is why we, at Livestock Wealth, are so thrilled about this partnership with Khulisani Ventures. MIC’s investment in our company will allow us to scale our technology offering and prepare for growth beyond South Africa.
Khulisani Ventures claims in a press release that it is dedicated to helping black-owned businesses of all sizes and stages realise their full growth potential.