Morocco’s foodtech Terraa raises $1.5M led by FoodLabs
Terraa, a Moroccan foodtech startup, has raised $1.5 million in a seed funding round led by FoodLabs, a US-based venture capital firm. Terraa provides a digital platform that connects small farmers with consumers, enabling them to sell their products directly and improve their profitability. The company also offers logistics and delivery services to make the process more convenient for customers. Terraa plans to use the new funding to expand its operations and reach more farmers and consumers in Morocco and other markets in North Africa. The company aims to create a more sustainable and equitable food system by supporting small farmers and promoting locally grown produce. The funding round is a sign of growing interest in foodtech startups that are leveraging technology to create new opportunities and address systemic challenges in the food industry.
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