The Empower Africa Business Platform is Now Live !!!
Kenyan agri-tech startup Farm to Feed has secured funding from Renew Capital, a pan-African investment firm, to help them scale their operations. The exact amount of funding was not disclosed.
Founded in 2020, Farm to Feed tackles the issue of food waste by connecting farmers with surplus or “imperfect” produce to new markets.
Their B2B platform uses technology to streamline the process, aggregating supply and demand, optimizing logistics, and facilitating seamless customer interaction.
“Our mission is to revolutionize how food is valued and utilized in Kenya,” said Claire van Enk, Farm to Feed’s managing director.
“We are committed to reducing agriculture’s environmental impact, increasing farmer incomes, and making nutritious food more accessible and affordable for everyone.”
Renew Capital, founded in 2012, invests on behalf of a global network of high-net-worth individuals, foundations, and family offices seeking financial returns alongside positive social impact.
The firm recently launched a new pan-African tech fund to support innovative African entrepreneurs building successful companies.
“Farm to Feed exemplifies the innovative spirit and determination we value at Renew Capital,” said Esther Mwikali, Renew Capital’s Kenyan investment and project manager.
“We’re committed to backing founders with a blend of skill, perseverance, and passion. Farm to Feed’s dedication to transforming Kenya’s food system perfectly aligns with our values.”
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Rwandan electric motorcycle manufacturer Ampersand has announced a $2 million Series A extension, bringing its total funding to $21.5 million.
Nigerian tech startup, Zuvy Technologies, has raised $4.5 million in a recent funding round to provide invoice financing for African SMEs.
Amenli, an Egyptian insurtech startup, has raised $2.3 million in funding to accelerate its growth and enhance its service offerings.