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Just raised $40M Series B - high purchase intent window

Morocco’s Foodtech Terraa Raises $1.5M Led By Foodlabs

Feb 14, 2023over 2 years ago

Amount Raised

$1.5 Million

Round Type

seed

CasablancaLogisticsFood And BeverageRetailAgriculture and FarmingE Commerce

Investors

Dfs LabMusha VenturesOutlierz VenturesUm6 P VenturesFood Labs

Description

Terraa, a Moroccan B2B  tech-enabled food distribution platform, has raised $1.5 million pre-seed funding in a round led by FoodLabs, a European early-stage VC investor and venture studio for food, sustainability and health. Other participants in the round were UM6P Ventures, Outlierz Ventures, Musha Ventures, and Africa-centric DFS Lab.

Company Information

Company

Terraa

Location

Casablanca, Casablanca - Settat, Morocco

About

Terraa is solving one of the toughest challenges in Africa by using cutting-edge technology. Terraa directly connects farmers with retailers, restaurants, and service providers. Our platform allows farmers to earn higher incomes and ensures a consistent demand for their products, while providing retailers with high-quality goods at competitive prices. In addition to providing economic benefits, Terraa is also committed to sustainability. Our platform reduces food waste and lowers greenhouse gas emissions, freshwater usage, and land usage, contributing to a more environmentally-friendly food supply chain. If you're passionate about building a sustainable future for food, people, and the environment, we'd love to hear from you!

FundzWatch™ Score

72
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers