Seed Capital Raise – Twiga
Founded by the GM of Coca Cola East Africa and the GC of Safaricom, Twiga Foods is a Kenyan-based business-to-business (B2B) m-commerce and last-mile produce distribution platform focused on supply to informal stores, kiosks or micro and medium sized vendors in African urban markets. After a successful launch and proof of concept, the company was looking to scale throughout Kenya and into other major African markets. Twiga hired I-DEV as the Sole Sell-Side Advisor for its seed round in preferred equity. After successfully closing an over-subscribed fundraise in what was the largest seed round to date in East Africa, the company is looking to diversify its product & service offering and scale throughout Kenya and into other major African markets.