YoLa Fresh, a Moroccan agritech startup building a transparent and sustainable fresh food supply network, raised $7M in Pre-Series A funding.
The round was led by Al Mada Ventures with participation from Algebra Ventures, E3 Capital, Janngo Capital, and FMO, the Dutch entrepreneurial development Bank.
The company intends to use the funds to expand beyond Morocco to foster economic growth across Africa.
Led by co-CEOs Youssef Mamou and Larbi Alaoui Belrhiti, YoLa Fresh provides a platform that connects farmers directly with retailers and food service companies, leading to higher farmer and retailer incomes, reduced food spoilage, and fresher, more affordable options for consumers.
FinSMEs
03/06/2024