South African crowd-farming startup Livestock Wealth has gone into liquidation after the Gauteng High Court dismissed a business rescue application.
Formed in 2015, Livestock Wealth helps clients invest in tangible, growing agricultural assets such as cattle-breeding, free-range oxen, organic garden tunnels and macadamia trees via its platform.
Through connecting its network of small-scale partner farmers to online investors, the business model allows farmers who cannot afford to scale their business to access capital, while offering the investor an opportunity to invest in these assets, which are not influenced by financial market trends.
Disrupt Africa reported in 2022 the startup had raised ZAR10 million (US$550,000) from…