Nigerian Agritech Startup, Releaf Secures $3.3 Million To Scale Across Nigeria. - Agriculture - Nairaland
Nairaland Forum / Nairaland / General / Agriculture / Nigerian Agritech Startup, Releaf Secures $3.3 Million To Scale Across Nigeria. (440 Views)
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| Nigerian Agritech Startup, Releaf Secures $3.3 Million To Scale Across Nigeria. by Smart4Africa: 8:28pm On Jan 14, 2023 |
Nigerian Agritech Releaf, founded by Ikenna Nzewi and Uzoma Ayogu has raised $3.3 million in a pre-Series A round from Samurai Incubate Africa, Consonance Investment Managers, Stephen Pagliuca, and Jeff Ubben. The business has concentrated on Nigeria's oil palm industry and develops technology that guarantees FMCGs have access to high-quality ingredients for their factories. Its products include SITE, a geographic mapping tool that aids producers in choosing the optimum sites to set up operating instruments, and Kraken, a palm kernel desheller that processes 500 tonnes of palm kernel each week. - Smart4Africa committed to increasing attractiveness of African Startups for investors.
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| Re: Nigerian Agritech Startup, Releaf Secures $3.3 Million To Scale Across Nigeria. by CodeTemplar: 8:59pm On Jan 15, 2023 |
Great. Fintech is saturated and agric is a welcome direction given the reality of food prices. |
| Re: Nigerian Agritech Startup, Releaf Secures $3.3 Million To Scale Across Nigeria. by Smart4Africa: 2:25pm On Jan 16, 2023 |
CodeTemplar:It would appear so, but there are still a lot of unresolved financial difficulties, in addition to the need for financial inclusion. |
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