Farmdar, an agritech startup that uses AI and space technologies to optimize agricultural productivity, has raised a pre-Series A round led by Silicon Valley’s Moment Ventures. Existing investor Indus Valley Capital also participated in the round.
This is the first Silicon Valley fund led investment round in a Pakistani startup this year. The investment will help Farmdar strengthen its leading role in Pakistan and accelerate expansion in Southeast Asia.
“Agriculture is facing unprecedented climate challenges. This investment allows us to further boost climate adaptation in Pakistan and accelerate our growth in some of Southeast Asia’s vital agricultural markets.” said Muhammed Bukhari, Co-founder of Farmdar.
Farmdar launched in Pakistan in 2021 and since then, has covered over 350 million acres globally and helped its clients provide precision agriculture to over 200,000 farmers.
Ammar Hanafi, MD of Moment Ventures, commented: “Farmdar has built an innovative product using satellite technology, and proprietary data and AI. We see immense potential in its application in Pakistan and Southeast Asia, and are excited to be a part of this journey.”
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