East African agritech platform East Africa Foods (EAF) has closed a $40 million funding round to scale physical and digital food supply chain infrastructure across East Africa. The investment comprises $26 million in Series B equity alongside debt financing and reinvestment from existing shareholders. The capital allocation targets systemic post-harvest infrastructure deficits in Tanzania and Kenya, where up to 40% of agricultural output is lost post-harvest before reaching end consumers. EAF will utilize the proceeds to scale processing, storage, and logistics operations, upgrade its proprietary digital platform, and execute market entry into Kenya and additional regional jurisdictions.
The $26 million Series B equity round was led by the Private Infrastructure Development Group (PIDG) through its equity investment solution, InfraCo, with co-investment from Oikocredit and FMO (the Dutch Entrepreneurial Development Bank). Debt financing for the transaction was provided by The Schmidt Family Foundation. Returning equity shareholders reinvesting in the round include ARAF, Goodwell, Africa Eats, and FINCA. EKTA Partners served as exclusive financial advisor to EAF. The transaction has secured full regulatory and competition clearances from the Common Market for Eastern and Southern Africa (COMESA), the Fair Competition Commission in Tanzania (EAC FCC), and the Zanzibar Fair Competition Commission (ZFCC).
The investment addresses a structural mismatch in East Africa’s agricultural supply chain, where up to 40% of produce deteriorates between harvest and retail. Post-harvest losses stem primarily from absent aggregation, grading, storage, and reliable transport rather than field-level production failures. EAF’s vertically integrated infrastructure addresses this bottleneck by directly sourcing produce from more than 28,000 registered smallholder farmers, executing centralized aggregation, grading, processing, and storage, and distributing fresh produce to over 10,000 urban retailers. Products are commercialized through the company’s proprietary consumer brands, including Onja and Golden Banana. Across its current operational network in Tanzania, EAF reduces post-harvest food loss by one-third.
Capital from the $40 million raise will fund EAF’s regional expansion from Tanzania into Kenya, scaling physical logistics assets and data-driven supply chain management systems. Alongside the physical infrastructure, EAF will extend training for smallholder farmers in climate-smart production methods and expand its Tanzanian-developed digital systems to connect smallholder farmers, branches, and urban retailers across new regional markets. Over the medium term, EAF targets onboarding 100,000 smallholder farmers, with women comprising 45% of the beneficiary base, delivering improved price stabilization for urban consumers and increased income predictability for primary producers across East Africa.