At Moment Ventures, we are excited to partner with visionary founders solving critical problems in impactful industries. Today, we are proud to announce our investment in Farmdar, an agritech startup founded by Muhammed Bukhari, Muzaffar Manghi, and Ibrahim Akbar Bokhari. They are building a world-class team, collaborating with leading customers, and solving the growing challenges in agriculture.
🌾 Why Agriculture Needs Tech-Driven Solutions
Agriculture, the backbone of our global food supply, employs 1 in 4 workers worldwide and is under severe threat from climate change. 🌍 With extreme weather conditions impacting crop productivity, agriculture workers are facing unprecedented challenges. This is where Farmdar steps in—using AI and space technologies to help farmers and agribusinesses adapt to climate challenges and improve productivity.
🌟 Farmdar’s Mission: Precision Agriculture for a Changing World
Founded in 2021, Farmdar has already made a significant impact by covering 350 million acres globally and helping over 200,000 farmers achieve precision agriculture. 🌾 With AI and satellite-driven insights, Farmdar offers a cutting-edge solution to increase productivity and sustainability in the agricultural sector. Their clients include industry giants like:
- Corteva Agriscience
- Bayer Crop Science
- Syngenta
- Engro Fertilizers Ltd
- FFC in Fertilizer
- Over 20 leading food producers and sugar mills.
🌐 Expansion in Southeast Asia: Moment Ventures Leads the Way
In a groundbreaking move, Farmdar has raised a pre-Series A round led by Silicon Valley’s Moment Ventures, with participation from Indus Valley Capital. This marks the first Silicon Valley fund-led investment in a Pakistani startup this year. 🎉
Muhammed Bukhari, Co-founder of Farmdar, shared the company’s vision:
“Agriculture is facing unprecedented climate challenges. This investment allows us to further boost climate adaptation in Pakistan and accelerate our growth in Southeast Asia’s vital agricultural markets.”
💬 What the Investors Are Saying
Ammar Hanafi, Managing Director of Moment Ventures, commented:
“Farmdar has built an innovative product using satellite technology, proprietary data, and AI. We see immense potential in its application in Pakistan and Southeast Asia, and we’re excited to be part of this journey.”
With this funding, Farmdar is set to strengthen its position as a leader in Pakistan and expand its operations across Southeast Asia.
👥 About Moment Ventures
Moment Ventures is an early-stage venture capital firm based in Palo Alto, investing in companies that re-imagine the future of industries. Their portfolio includes startups driving technological innovation and redefining business models.
👨💻 About Farmdar
Farmdar uses AI and space technology to deliver actionable insights for farmers and agribusinesses, helping them increase productivity and embrace sustainable practices. The startup partners with leading agriculture and food production companies across Pakistan and beyond.
