Releaf
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Releaf

https://www.releaf.africa/
Last activity: 19.06.2023
Categories: TechnologyOilMaterialsMarketIndustryHardwareFoodTechFinTechAgriTechAfricaTech
Releaf is a social venture founded in 2017. The firm invents and operates proprietary food processing hardware to reduce post-harvest loss in the sustainable oil palm sector. Releaf provides smallholders with extension services, serves as an off-taker of their produce, and processes the raw material into factory-grade inputs for vegetable oil factories. In addition to its hardware, Releaf utilizes digital technologies including USSD and open banking to work seamlessly with its network of over 2,000 smallholder farmers, who have supplied over 15 million kilograms of quality palm kernel nuts to food factories. Releaf is backed by Y Combinator, Breakthrough Energy Ventures, Consonance Investment Managers, Steve Pagliuca (Chairman of Bain Capital), Justin Kan (Co-founder of Twitch), and Iyin Aboyeji (Co-Founder of Flutterwave, Andela).
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Mentions
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Location: Nigeria, Akwa Ibom, Uyo
Employees: 51-200
Total raised: $10.8M
Founded date: 2017

Investors 8

Funding Rounds 3

DateSeriesAmountInvestors
10.01.2023Series A$3.3M-
09.01.2023Seed$3.3M-
15.09.2021Seed$4.2M-

Mentions in press and media 28

DateTitleDescription
19.06.2023Africa’s next leap forward (part 1): Agrifoodtech startups to watch, from Cupmena to AeroboticsEditor’s note: Bioengineer and microbiologist Saron Berhane is an independent consultant and was the cofounder of Australian agtech startup BioScout. The views expressed in this guest article are the author’s own and do not necessarily repr...
28.02.2023Releaf Raises 250K in FundingReleaf, a Nigerian agritech company, raised $250k in funding. Plesion Capital made the investment. The company intends to use the funds to expand its efforts to industrialize food processing in Africa. Led by Co-founder and CEO Ikenna Nzewi...
12.01.2023The week in agrifoodtech: $42m for No Meat Factory, New Age Eats ‘lets go’ of pilot facility, Benson Hill co-founder passes awayThis week, Canadian alt-protein startup No Meat Factory raised Series B funding, while down in the US, New Age Eats let go of its nearly completed pilot facility. There were two new deals for forestry-related projects along with new funding...
12.01.2023Что мы будем есть завтра?Сгенерировано нейросетью DALL-E для этой статьи В этом году человечество преодолело рубеж 8 миллиардов людей. Если посмотреть на прогресс, на достижения медицины, культуру гигиены и на график рождаемости — то становится очевидно, что уже со...
10.01.2023Releaf secures $3.3M to transform agricultural supply chains in AfricaReleaf, a technology company that makes it easier for consumer goods manufacturers in Africa to access high-quality ingredients for their factories, has raised $3.3 million in an oversubscribed Pre-Series A funding round. The new funding wi...
09.01.2023Nigerian agritech Releaf gets more capital as it launches new tech for food processingReleaf, a Nigerian agritech startup that supplies ingredients (starting with the oil palm) to consumer goods manufacturers and their food factories, has received $3.3 million in an oversubscribed pre-Series A round. The Jack Ma Foundation-b...
09.01.2023Nigerian agritech Releaf gets more capital as it launches new tech for food processingReleaf, a Nigerian agritech startup that supplies ingredients (starting with the oil palm) to consumer goods manufacturers and their food factories, has received $3.3 million in an oversubscribed pre-Series A round.
09.01.2023Nigerian agritech Releaf secures $3.3m pre-series A fundingThe Nigerian agritech start-up Releaf has raised $3.3 million in an oversubscribed pre-series A funding round. The new funding will support the launch of two new technologies being rolled out by the company making it easier for African cons...
09.01.2023Nigerian agritech Releaf secures $3.3m pre-series A fundingThe Nigerian agritech start-up Releaf has raised $3.3 million in an oversubscribed pre-series A funding round. The new funding will support the launch of two new technologies being rolled out by the company making it easier for African cons...
09.01.2023YC-backed Releaf raises $3.3 million pre-Series A to improve technologies for food processing in Africa TechCabal’s 2021 Year-End report Success!Releaf, an agritech startup disrupting Africa’s oil production industry, has secured $3.3 million pre-Series A funding. The funding round, which the startup says was oversubscribed, will support the roll-out of key technologies that could f...
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