Releaf, a technology company that enables manufacturers in Africa, has raised $3.3 million in an oversubscribed Pre-Series A funding round. Kraken II is a portable, lower-cost version of Releaf’s Kraken – West Africa’s most advanced palm nut de-sheller. To make food supply chains profitable, we must maximize extraction yields with leading processing technology and minimize logistics costs by bringing processing capacity closer to farmers. Before Releaf, stakeholders had to choose between one or the other -large factories had great technology but were far away, leaving most farmers with rudimentary technology to process their crops. We’re now able to maximize both.”

Source: The Guardian January 11, 2023 03:34 UTC