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Fledge’s Africa Eats fund makes first three investments

The Fledge accelerator, based in Seattle, is raising and managing a family of funds to support graduates of the program.

Africa Eats provided a $200,000, four-year loan to East Africa Fruit, a Tanzanian produce aggregator.

It extended $170,000 to Geossy, a Ugandan aquaculture venture, in the form of a blended fixed-rate loan.

And Tanzanian poultry venture African Chicken got an emergency loan to cover equipment import costs.

All three investments follow the $20,000 that “fledglings” receive when they enroll in Fledge’s accelerator program.

Fledge has incubated 63 ventures through eight programs in Seattle and Lima. It has raised an undisclosed amount across its thematic funds from 42 angel and family office investors.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: African Chicken

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