Releaf, an Africa-focused agritech company, has announced the raising of an oversubscribed Pre-Series A funding round on Monday. The funding will be used to support the launch of two new technologies; Kraken II and SITE.
The new funding is led by Tokyo-based venture capital firm Samurai Incubate Africa reinvesting in Releaf after leading its $2.7 million seed round in 2021. Consonance Investment Managers, Stephen Pagliuca (chairman of Bain Capital), and Jeff Ubben (board member at World Wildlife Fund and Founder of Inclusive Capital Partners) participated in the latest round.
