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).
Location: Nigeria, Akwa Ibom, Uyo
Employees: 51-200
Total raised: $10.8M
Founded date: 2017
Investors 7
Funding Rounds 3
| Date | Series | Amount | Investors |
| 10.01.2023 | Series A | $3.3M | - |
| 09.01.2023 | Seed | $3.3M | - |
| 15.09.2021 | Seed | $4.2M | - |
Mentions in press and media 28
| Date | Title | Description | Source |
| 19.06.2023 | Africa’s next leap forward (part 1): Agrifoodtech startups t... | Editor’s note: Bioengineer and microbiologist Saron Berhane is an independent consultant and was the... | agfunderne... |
| 28.02.2023 | Releaf Raises 250K in Funding | Releaf, a Nigerian agritech company, raised $250k in funding. Plesion Capital made the investment. ... | finsmes.co... |
| 12.01.2023 | The week in agrifoodtech: $42m for No Meat Factory, New Age ... | This week, Canadian alt-protein startup No Meat Factory raised Series B funding, while down in the U... | agfunderne... |
| 12.01.2023 | Что мы будем есть завтра? | Сгенерировано нейросетью DALL-E для этой статьи В этом году человечество преодолело рубеж 8 миллиар... | habr.com/r... |
| 10.01.2023 | Releaf secures $3.3M to transform agricultural supply chains... | Releaf, a technology company that makes it easier for consumer goods manufacturers in Africa to acce... | venturesaf... |
| 09.01.2023 | Nigerian agritech Releaf gets more capital as it launches ne... | Releaf, a Nigerian agritech startup that supplies ingredients (starting with the oil palm) to consum... | techcrunch... |
| 09.01.2023 | Nigerian agritech Releaf gets more capital as it launches ne... | Releaf, a Nigerian agritech startup that supplies ingredients (starting with the oil palm) to consum... | launchafri... |
| 09.01.2023 | Nigerian agritech Releaf secures $3.3m pre-series A funding | The Nigerian agritech start-up Releaf has raised $3.3 million in an oversubscribed pre-series A fund... | venturebur... |
| 09.01.2023 | Nigerian agritech Releaf secures $3.3m pre-series A funding | The Nigerian agritech start-up Releaf has raised $3.3 million in an oversubscribed pre-series A fund... | venturebur... |
| 09.01.2023 | YC-backed Releaf raises $3.3 million pre-Series A to improve... | Releaf, an agritech startup disrupting Africa’s oil production industry, has secured $3.3 million pr... | techcabal.... |
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