ReelFruit
387 Borno Way, Alagomeji, Yaba, Lagos, 100252, Nigeria
Overview
ReelFruit produces premium dried fruit snacks and focuses on sourcing high-quality raw materials through collaborations with local farmers. The company plans to purchase a new plant in Ogun State to boost monthly dried fruit output from 6 MT to 30 MT and will employ around 200 people in the plant’s first year. ReelFruit intends to expand its collaboration with Nigerian fruit farmers and create an agro-extension services program for 250 registered mango and pineapple farmers to secure consistent raw-material supply. The firm plans to grow exports by tenfold to 15 MT in the first year and broaden local and international sales channels, including B2B white-labeling and co-packing. By Q4 2021 ReelFruit plans to launch an e-commerce platform for direct US sales and expects to have doubled sales by November 2021.
- Total raised
- $3M
- Funding rounds
- 1
- Latest round
- Series A
- Latest activity
- Sep 2021
Industries
- Food and Beverage
- Food Processing
Recent funding
Series A
Sep 2021
$3M