# Afrikamart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/afrikamart

- Industry: Logistics & Distribution
- Headquarters: Dakar, Senegal
- Website: www.afrikamart.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Jun 26, 2022)
- Investors on record: 4

## About

Established in 2018 and based in Dakar, Senegal, founded by CEO Mignane Diouf, and Albert Diouf, Afrikamart provides a solution for buying and selling vegetables between producers and traders of fresh fruits and vegetables. In June 2022, Afrikamart raised USD 0.85 million in seed funding from Orange Ventures with the participation of Teranga Capital and Launch Africa Ventures.     

Afrikamart provides a distribution platform for fresh produce that offer go-to-market services to farmers, suppliers, and others. The firm also provides a digital purchasing center for large-scale distribution, traditional markets, hotels, restaurants, and individuals to purchase fruits and vegetables. As of June 2022, about 2,000 farmers have offered fresh produce to more than 500 repeat customers across 4 cities of Senegal. The company also organizes end-to-end logistics with a network of transporters.

The company plans to use its proceeds from June 2022 funding to improve its purchases from smallholder farmers across the country and develop efficient logistics management and last-mile delivery to street vendors, small retailers, restaurants, and hotels.

## Funding rounds

- Seed, Jun 26, 2022, $0.8M — Bamboo Capital Partners, Orange Ventures, Teranga Capital, Launch Africa Ventures

## Investors

- Bamboo Capital Partners (https://capitalatlas.ai/funds/bamboo-capital-partners) — Seed
- Orange Ventures — Seed
- Teranga Capital (https://capitalatlas.ai/funds/teranga-capital) — Seed
- Launch Africa Ventures (https://capitalatlas.ai/funds/launch-africa-ventures) — Seed