Startup secures $3.3m pre-series A funding, unveils new technologies

Releaf, a technology company that enables manufacturers in Africa, has raised $3.3 million in an oversubscribed Pre-Series A funding round.

Releaf will use this dynamic data set to train Reinforcement Learning Models in SITE that identify the most optimal positioning of supply chain infrastructure for consumer goods manufacturers, creating an effective link with Africa’s decentralized farming system.
  
Kraken II is a portable, lower-cost version of Releaf’s Kraken – West Africa’s most advanced palm nut de-sheller. It is just as efficient as its static predecessor, costs half as much and can attain 3xprofitability because it can be transported to high density farming areas, eliminating more than 80 percent of margin-eroding logistics costs.
 
According to the Chief Technical Officer and co-founder of Releaf, Uzoma Ayogu, “SITE and Kraken II are the next steps in our plan to fundamentally transform the efficiency of agricultural supply chains in Africa and we are excited to have partnered with an exceptional cohort of investors and collaborators to roll out these technologies. 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.”