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Africado
company
About
Africado is a developed and grown a business from start up to becoming the largest fruit exporter in Tanzania.
- 101 - 250
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- €2.50M
- Founded date
- Jan 1, 2007
- Number Of Employee
- 101 - 250
- Operating Status
- Active
Africado is an avocado plantation at the foot of the Kilimanjaro in Tanzania. Established in 2007, Africado has developed and grown a business from start up to becoming the largest fruit exporter in Tanzania, producing and exporting Hass avocado to the EU. The company works with over 2,000 small scale out-growers. Norfund provided 40% of the equity required for the project.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
€2.50M
Africado has raised a total of
€2.50M
in funding over 2 rounds. Their latest funding was raised on
Feb 7, 2019 from a Debt Financing round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Feb 7, 2019 | Debt Financing | €2.50M | 1 |
Finnfund
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
1
1
Africado is funded by 1 investors.
Finnfund
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Finnfund
|
Yes | Debt Financing |
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