New Investments
Nigerian Foodtech Foodpreneurs Hub Secures Pre-Seed Funding to Combat Food Insecurity in Africa
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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“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.
You may also like...
Ghana’s Oyster Agribusiness Secures $2 Million to Drive Climate-Smart Farming Expansion
Oyster Agribusiness, a Ghana-based agri-tech firm championing climate-smart agriculture, has successfully raised $2 million in funding to scale up its operations and strengthen the resilience of the country’s agricultural sector against climate challenges.
Mastercard Foundation Pledges $360 Million for African Girls’ Education
The Mastercard Foundation has announced a significant expansion of its partnerships with the Campaign for Female Education (CAMFED) and the Forum for African Women Educationalists (FAWE) to support young women and girls in Africa.
Norfund Backs SIPRA With €20 Million Funding to Expand Poultry Production Across Côte d’Ivoire
The Norwegian development finance institution Norfund has committed €20 million into Société Ivoirienne de Productions Animales (SIPRA), one of West Africa’s biggest domestically owned poultry enterprises.