Kenyan agritech startup goes pan-African with US$30M investment round - FreshFruitPortal.com

Kenyan agritech startup goes pan-African with US$30M investment round

Kenya-based food logistics startup Twiga Foods is planning an international expansion following a US$30m funding round led by U.S. investment bank Goldman Sachs, Quartz Africa reported.

The B2B produce distributor is aiming to waste and address the lack of effective distribution across African countries. 

Twiga Food has raised US$23.7 million in a Series B round led by US investment bank Goldman Sachs. The round also saw participation from existing investors TLcom Capital, International Finance Corporation and Creadev.

The company also raised an additional US$6m in debt. The latest funding follows a US$10m round last November.