The company will form an agro-extension services program for 250 registered mango and pineapple producers. With its greater supply of dried fruit, ReelFruit will continue to innovate new products for the local and international markets.Īs part of its efforts to secure high quality raw materials, it plans to deepen its existing work with Nigerian fruit farmers. The factory will hire over 200 people in its first year. Key to its expansion plans, ReelFruit will acquire a new factory in Ogun State to increase its monthly dried fruit production from 6 MT to 30 MT. With the capital, ReelFruit will scale its dried fruit production, develop new products, and increase exports by 10 x to 15 MT in the first year. The New Practice advised ReelFruit on the transaction.
Alitheia IDF led the round and invested $2M while other investors included Samata Capital and Flying Doctor Healthcare Investment Company. ReelFruit, a premium dried fruit company known for its high quality nutritious snacks, today announced a Series A investment of $3M. ReelFruit CEO/Founder Affiong Williams (Image: Supplied)
