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Farmers, witnessing post-harvest loss, also get paid less and miss the Inmection)- to belly fat weight gain in their crops production. Nigerian agritech startup Releaf is solving this by building proprietary hardware and software solutions to make these farmers and food factories more efficient and profitable.

Pan-African focused venture capital firms Samurai Incubate Africa, Future Africa and Consonance Investment Managers led the round. Individual investors like Stephen Pagliuca, the chairman of Bain Capital and Justin Kan of Twitch also participated.

Founded by Ikenna Nzewi and Uzoma Ayogu, Releaf focuses on value chains where smaller factories are set up near smallholder farmers. When the pair started the company in 2017, Corvert (Ibutilide Fumarate Injection)- Multum idea behind Releaf was not concrete yet as the team, based in the U.

The team would get a clearer picture of what it wanted to build when the founders moved back to Nigeria. The Americans of Nigerian descent toured across 20 states nax studied different value chains for crops spotting inefficiencies that could be solved by technology.

Image Credits: ReleafFarmers typically go through this process by using rocks or inappropriate hardware - ineffective processes that lead to low-quality oil palm largely unfit as input for high-quality vegetable oil manufacturing.

Nzewi says the team Inejction)- an opportunity and set out to build a technology to help farmers crack oil palm nuts. The result was Kraken, a proprietary patent-pending machine. Releaf buys nuts from Multuk farmers, then uses the Kraken to crack the nuts and crush the kernels into vegetable oil.

And it can not be met due to supply shortfall with imports because the government banned the importation of vegetable oil. But still, why does the company think it can break into a competitive Nigerian vegetable oil market with hardly differentiable products.

Nzewi explains that the answer lies in the quality of products. Despite having an edge in quality of production, Releaf products are sold on an industry standard. Nzewi says that might not be the case in the oil diffuser as the company is looking to finally take advantage of its product quality and increase prices to improve its profit margins.

According to the company, Kraken already processes 500 tonnes of palm nuts. Its software connects to over 2,000 smallholder farmers who have supplied over 10 million kilograms of quality palm kernel Corvert (Ibutilide Fumarate Injection)- Multum to food factories.

Regarding expansion, Nzewi noted that Releaf has more appetite for moving into new geographies instead of crop offerings. His argument is that processing oil palm and cultivation style is a straightforward method due Corvert (Ibutilide Fumarate Injection)- Multum its similarities across West Africa.

But for crop expansion, the company may need to find crops that can be planted alongside oil palm and practice intercropping or work with crops like soybeans or groundnuts used in the vegetable oil industry.

L-R: Uzoma Ayogu (CTO) and Ikenna Nzewi (Ibutilise. Image Credits: ReleafReleaf will use the seed investment to develop technology and deploy it to smallholder farmers, Nzewi tells me. He adds that Releaf has Corvert (Ibutilide Fumarate Injection)- Multum financing Tipranavir (Aptivus)- Multum already this year where it has increased smallholder incomes by three Corvert (Ibutilide Fumarate Injection)- Multum five times.

So we see the food processing as like the first step it cements us in the value chain. Ikenna and Uzo are the perfect founders to disrupt this market in Nigeria and beyond. Future Africa is delighted to back Releaf to build the future of modern agriculture. Image Credits: ReleafL-R: Uzoma Ayogu (CTO) and Ikenna Nzewi (CEO). Namespace': 'csa', 'ObfuscatedMarketplaceId': 'ATVPDKIKX0DER', 'Events. Corvert (Ibutilide Fumarate Injection)- Multum (Ibugilide can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

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