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East Africa Foods raises $26M Series B led by PIDG's InfraCo with Oikocredit and FMO to expand processing, storage, and logistics across East Africa.
Amount Raised
$26 Million
Round Type
Series B
TanzaniaAgriculture and FarmingFarmingInvestors
Description
East Africa Foods closed a $26 million Series B round led by PIDG's InfraCo, with participation from Oikocredit, FMO, and returning investors ARAF, Goodwell, Africa Eats, and FINCA. The round is part of a larger $40 million raise that includes debt financing from the Schmidt Family Foundation and existing shareholders. The capital will fund expanded processing and storage capacity, digital platform upgrades, and expansion into Kenya. EAF aims to work with 100,000 smallholder farmers, achieve 45% female participation, and reduce food waste by one-third across its supply chain.
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Funding Insights
What this usually meansEast Africa Foods raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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