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

PRIVATEFeb 14, 2023

Amount Raised

$1.5 Million

Round Type

Seed

CasablancaAgriculture and FarmingFood And BeverageE CommerceRetailLogistics

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.

Quick answer

Terraa raised $1.5 Million in a Seed round, dated February 14, 2023. Investors: DFS Lab, Musha Ventures, Outlierz Ventures, Um6 P Ventures and Food Labs. Terraa is based in Casablanca, Casablanca Settat, Morocco.

How much did Terraa raise?
Terraa raised $1.5 Million in a Seed round on February 14, 2023.
Who invested in Terraa?
DFS Lab, Musha Ventures, Outlierz Ventures, Um6 P Ventures and Food Labs are named as investors in this round.
What does Terraa do?
Terraa is solving one of the toughest challenges in Africa by using cutting-edge technology.
Where is Terraa based and how big is it?
Terraa is based in Casablanca, Casablanca Settat, Morocco.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Food And Beverage around the same time

Companies in the same sectors as Terraa that raised within 45 days of this round, from Fundz verified event records.

  • Cerebelly raised an undisclosed amount (Series A) on March 9, 2023.
  • Cerebelly raised $7.1M on February 24, 2023.
  • Partner Pet raised an undisclosed amount (Funding Round) on February 14, 2023.
  • Neighborhood Intelligence, Inc. raised an undisclosed amount on March 30, 2023.
  • True Botanicals, Inc. raised an undisclosed amount (Series B) on March 22, 2023.
  • Topo Designs raised an undisclosed amount on March 21, 2023.

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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!

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