In today’s briefing:
- Altara, Gentree Fund Co-Lead Kita Agritech’s US$3M Seed Round
Altara, Gentree Fund Co-Lead Kita Agritech’s US$3M Seed Round
- Philippine startup Kita Agritech has secured US$3 million in an “oversubscribed” seed funding round co-led by Gentree Fund and Altara Ventures.
- Kita plans to use the money to digitalise the agriculture supply chain using big data and AI technologies.
- Kita was launched in 2022 as a supplier of fruits and vegetables for restaurants in Metro Manila. The company supported local farmers by financing their agricultural inputs and directly procuring their goods for distribution to various enterprises, such as hotels, restaurants, and food manufacturers.
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