The fresh capital will be used to bolster the company’s efforts to tackle food insecurity across the African continent.

Founded by Olushola Oladejo and Yosola Oke, Foodpreneurs Hub empowers African food entrepreneurs by providing training, mentorship, and access to strategic partnerships.

The platform aims to bridge the gap between food production and post-harvest losses, which account for over 40% of food waste in Africa.

“Our mission is to democratize food processing,” said Yosola Oke, COO of Foodpreneurs Hub. “We are building a community that empowers aspiring entrepreneurs to innovate, create jobs, and contribute to food security across the continent.”

The recent funding round follows a previous investment of $5 million from Fusen Funds, led by American billionaire Chris Klaus.

This additional capital will enable Foodpreneurs Hub to expand its reach and support more food entrepreneurs in their journey to success.

Through initiatives like the “FoodStars Business Scale-Up” program, Foodpreneurs Hub provides entrepreneurs with mentorship, access to capital, and opportunities to pitch their ventures for funding.