Samurai Incubate Africa

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Releaf Secures $3.3m Funding To Drive Manufacturers’ Profitability

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Releaf, Samurai Incubate Africa

Releaf, a technology company that makes it easier for consumer goods manufacturers in Africa to access high-quality ingredients for their factories, has raised $3.3 million in an oversubscribed Pre-Series A funding round.

The seed funding will enable the development of industrial food processing technology in Nigeria’s smallholder-driven Oil Palm sector while the grant will enable Releaf to provide working capital and other value-added services for smallholders and small-scale processors. Grant funding will support the training, recruitment and retention of more women and youth in Nigeria Oil Palm sector through the creation of both digital and technical jobs.

Read more at Releaf Blog