Africa | June 18, 2019

Twiga raises $5 million and gives early investors a partial exit

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, June 18 – Logistics company Twiga Foods is working to improve food pricing and supply chain transparency in Kenya by connecting Kenya’s farmers directly to informal produce vendors, who sell most of the country’s fresh fruits and vegetables. Since launching in 2014, Twiga has built a network of 17,000 farmers and 2,500 retailers with whom it works daily.

The company has now secured $5 million from French family office Creadev. The round brings Twiga’s total funding to more than $35 million since it launched in 2014. Creadev’s investment gives partial exits to a number of Twiga’s early investors, including Blue Haven Ventures and Omidyar Network.

Expect to see Twiga’s growth escalate from here on, as it eyes international expansion plans and moves on “a strategy to accommodate later stage and longer-term investors,” a company statement says.