The financing will support growth in Tanzania and entry into Kenya, extending the company’s network connecting smallholder farmers with urban retailers.

The financing includes a $26 million Series B equity round led by the Private Infrastructure Development Group (PIDG) through InfraCo, alongside impact investor Oikocredit and Dutch development bank FMO.Existing shareholders ARAF, Goodwell, Africa Eats, and FINCA also reinvested.

The broader capital raise includes debt financing from the Schmidt Family Foundation, while EKTA Partners served as the transaction’s exclusive financial adviser.

The investment will finance additional capacity to handle produce after harvest and deliver it to market. PIDG’s project disclosure identifies new collection and fulfillment centers, milling, curing, and ripening facilities, and a fleet of long-haul trucks among the planned investments.

These assets will support EAF’s expansion by increasing its capacity to collect, process, and transport food.

EAF currently buys produce directly from more than 28,000 registered smallholder farmers and supplies more than 10,000 urban retailers.

Its operations cover aggregation, grading, storage, processing, and distribution, with products also reaching consumers under brands including Onja and Golden Banana.

According to Oikocredit, the company has reduced food loss by a third within its network.

“This investment enables us to further improve and scale this physical and digital infrastructure,” said Elia Timotheo, EAF’s founder and chief executive officer.

The company aims to reach 100,000 smallholder farmers over the coming years and will expand the digital systems linking farmers, branches, and retailers as it enters new markets.

The investment addresses weaknesses in food distribution that affect both agricultural incomes and retail supply.

PIDG estimates that up to 40% of food produced in Kenya and Tanzania is lost before reaching consumers, citing inadequate storage and logistics, inefficient inventory management, and poor route planning.

Funding these services can help preserve more produce for sale while giving retailers greater control over quality, traceability, and availability.

PIDG expects its investment to encourage participation in future fundraising, linking that ambition to the company’s ability to demonstrate a scalable business that improves supply chain efficiency and market access.