Africa Eats
[Closed for Investment] Africa Eats, with a valuation of $1.7 million, is raising funds on Wefunder. It is a for-profit organization tackling hunger and poverty in Africa. Africa Eats platform has 21 vetted and trained companies across eight countries that are processors, aggregators, and distributors of food and help provide food and food-related services to the poor in Africa. The portfolio companies of Africa Eats generated aggregate revenues of $36 million in 2023, growing by more than 50% per year over the past decade. Luni Libes and Jumaane Tafawa founded Africa Eats in November 2021. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $123,999. The campaign proceeds will be used to help three companies list on the stock market.
Investment Overview
Raised: $0
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 06/25/2024
- Close Date
- 11/05/2024
$50,002
$124,000
$100
Equity - Preferred
Pre-Seed
RegCF
$2.25
$1,704,157
Company & Team
Company
- Year Founded
- 2021
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $677,100
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/05/2024 | Wefunder | $1,704,157 | $0 | Equity - Preferred | Not Funded | RegCF |
| 03/22/2022 | Wefunder | $300,000 | $127,100 | Equity - Preferred | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.