The company will form an agro-extension services programme for 250 registered mango and pineapple producers. The company added that 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, ReelFruit plans to deepen its existing work with Nigerian fruit farmers. 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 job creation part of the package as it plans to hire over 200 people in its first year. ReelFruit says with the capital, it will scale up its dried fruit production, develop new products, and increase exports by 10 x to 15 metric tons (MT) in the first year. This latest round was led by Alitheia IDF which invested 67 per cent or $2 million while other investors included Samata Capital and Flying Doctor Healthcare Investment Company. Amid an uncertain macroeconomic environment in Nigeria, the leading dried fruit snack brand, ReelFruit, has raised a Series A investment of $3 million to expand its production, increase its product offerings and double down on exports to the US and other international markets.
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