Food and Beverage Startups in Africa

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Food and Beverage in Africa: Growing market with intense competition. Promasidor, AgriProtein, Edita leading players. Local business leaders see opportunities in value-added products, innovation, and distribution channels. Challenges include infrastructure, supply chain disruptions, and affordability.

Cummulative Funding

$23.2M+

Total # of Companies

11

Total Deal Count

13

Total M&A Count

0

Total # of Investors

13

List of Food and Beverage startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Boreal Light designs and manufactures affordable solar water desalination systems for off-grid communities around the globe, especially Africa.

Funding Round

$ 7,500,000

2014

2.

Big Square is a Kenyan fast food chain company.

Series Unknown

$ 3,800,921

2013

3.

Ngare Narok Meat Industries is a producer and supplier of prime meat cuts and a wide range of processed meat products.

Private Equity

$ 2,500,000

2007

4.

European Foods Africa is a local medium sized enterprise involved in the cold chain frozen foods distribution.

Debt Financing

$ 2,100,000

2011

5.

Afribon designs, produces & markets taste solutions for all application sectors in the food and beverage processing industry.

Venture

$ 2,000,000

2012

6.

Meru Greens Horticulture produces and markets fruits and vegetables in Kenya and internationally.

Private Equity

$ 1,964,163

1996

7.

A medium sized family owned enterprise that specializes in the production of dairy products as well as processed fruits and vegetables.

Private Equity

$ 1,880,037

1985

8.

Kune is a foodtech start-up based in Nairobi.

Pre-seed

$ 1,000,000

2020

9.

Kenyaโ€™s Largest Online Restaurant Guide. Founders & Organizers of Restaurant Week, Burger Week, Cocktail Festival etc.

Venture

$ 500,000

2010

10.

Ando Foods is a cloud kitchen startup building high-quality food brands for the digital age

Funding Round

Undisclosed

2020

11.

Hephie's Cloud Kitchen is a Kenyan delivery-only food-as-a-service company that leverages advanced operational models and technology.

Undisclosed

Undisclosed

2021

Founded

2014

Overview

Boreal Light designs and manufactures affordable solar water desalination systems for off-grid communities around the globe, especially Africa.

Last round

Funding Round

Total raised

$ 7,500,000

Employee

11-50

Founded

2013

Overview

Big Square is a Kenyan fast food chain company.

Last round

Series Unknown

Total raised

$ 3,800,921

Employee

251-500

Founded

2007

Overview

Ngare Narok Meat Industries is a producer and supplier of prime meat cuts and a wide range of processed meat products.

Last round

Private Equity

Total raised

$ 2,500,000

Employee

2-10

Founded

2011

Overview

European Foods Africa is a local medium sized enterprise involved in the cold chain frozen foods distribution.

Last round

Debt Financing

Total raised

$ 2,100,000

Employee

Afribon

Founded

2012

Overview

Afribon designs, produces & markets taste solutions for all application sectors in the food and beverage processing industry.

Last round

Venture

Total raised

$ 2,000,000

Employee

11-50

Founded

1996

Overview

Meru Greens Horticulture produces and markets fruits and vegetables in Kenya and internationally.

Last round

Private Equity

Total raised

$ 1,964,163

Employee

251-500

Founded

1985

Overview

A medium sized family owned enterprise that specializes in the production of dairy products as well as processed fruits and vegetables.

Last round

Private Equity

Total raised

$ 1,880,037

Employee

1-10

Kune

Founded

2020

Overview

Kune is a foodtech start-up based in Nairobi.

Last round

Pre-seed

Total raised

$ 1,000,000

Employee

2-10

EatOut

Founded

2010

Overview

Kenyaโ€™s Largest Online Restaurant Guide. Founders & Organizers of Restaurant Week, Burger Week, Cocktail Festival etc.

Last round

Venture

Total raised

$ 500,000

Employee

11-50

Founded

2020

Overview

Ando Foods is a cloud kitchen startup building high-quality food brands for the digital age

Last round

Funding Round

Total raised

$ 0

Employee

51-200

Founded

2021

Overview

Hephie's Cloud Kitchen is a Kenyan delivery-only food-as-a-service company that leverages advanced operational models and technology.

Last round

Undisclosed

Total raised

$ 0

Employee

11-50

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