YoLa Fresh, an innovative Moroccan agri-tech startup, has successfully raised US$7 million in a pre-Series A funding round to fuel its expansion.
YoLa Fresh is dedicated to creating a transparent and sustainable fresh food supply network.
Leading this US$7 million pre-Series A funding round was Al Mada Ventures, with participation from Algebra Ventures, E3 Capital, Janngo Capital, and FMO, the Dutch entrepreneurial development bank.
Founded by Larbi Alaoui Belrhiti and Youssef Mamou, YoLa Fresh has established a network that directly connects farmers with food service providers and retailers. By utilizing state-of-the-art technology, the company ensures transparency and reduces waste by tracking produce from farm to retail.
YoLa Fresh aims to extend its reach beyond Morocco, positioning itself as a major player in Africa’s agri-tech sector, tackling food security issues, and promoting economic development across the continent.
YoLa Fresh, an innovative Moroccan agri-tech startup, has successfully raised US$7 million in a pre-Series A funding round to fuel its expansion.
YoLa Fresh is dedicated to creating a transparent and sustainable fresh food supply network.
Leading this US$7 million pre-Series A funding round was Al Mada Ventures, with participation from Algebra Ventures, E3 Capital, Janngo Capital, and FMO, the Dutch entrepreneurial development bank.
Founded by Larbi Alaoui Belrhiti and Youssef Mamou, YoLa Fresh has established a network that directly connects farmers with food service providers and retailers.
By utilizing state-of-the-art technology, the company ensures transparency and reduces waste by tracking produce from farm to retail. YoLa Fresh aims to extend its reach beyond Morocco, positioning itself as a major player in Africa’s agri-tech sector, tackling food security issues, and promoting economic development across the continent.
Source
Source link : https://www.techinafrica.com/yola-fresh-secures-7-million-in-pre-series-a-investment-to-boost-agri-tech-innovations-in-morocco/
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Publish date : 2024-06-13 22:24:07
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