# Nile

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

- Industry: Internet
- Headquarters: Gauteng, South Africa
- Website: www.nile.ag
- Total disclosed funding: $16M
- Latest round: Series A (Jun 9, 2025)
- Investors on record: 6

## About

Based in Gauteng, South Africa, and founded in 2020, Nile Fresh (Pty) Ltd. is a provider of an e-commerce platform operating in the B2B sector, facilitating direct transactions between producers and entities that distribute products to consumers. The company was co-founded by Louis de Kock (CEO), Rick Kleinhans (CTO), and Eugene Roodt. In May 2022, Nile Fresh (Pty) Ltd. raised ZAR 83 million in venture funding led by investor Naspers, with participation from other investors Raba Capital, Platform Capital, and Base Capital. 

The company's platform provides a connection between buyers and sellers of fresh produce, simplifying and ensuring the safety of trading activities with multiple producers from various regions. By offering digital solutions, the platform addresses challenges commonly associated with food trading, such as price discovery, quality verification, payments, and traceability. Additionally, it aggregates the supply of fresh produce from the Southern African Development Community (SADC) region, enabling buyers to access products at transparent prices.

## Funding rounds

- Series A, Jun 9, 2025, $11M — Netherlands Development Finance Company (FMO), Africinvest, Paper Plane Ventures
- Seed, May 17, 2022, $5.2M — Naspers Limited, Raba, Paper Plane Ventures, Base Capital

## Investors

- Naspers Limited — Seed
- Raba (https://capitalatlas.ai/funds/raba) — Seed
- Paper Plane Ventures (https://capitalatlas.ai/funds/paper-plane-ventures) — Seed, Series A
- Base Capital (https://capitalatlas.ai/funds/base-capital) — Seed
- Netherlands Development Finance Company (FMO) — Series A
- Africinvest (https://capitalatlas.ai/funds/africinvest) — Series A