Fledge
Fledge is a venture capital and accelerator firm founded in 2012 and headquartered in Seattle, Washington, with additional offices in Lima, Peru, and Barcelona, Spain. The firm specializes in supporting mission-driven for-profit startups that address significant global challenges such as poverty, hunger, sustainability, and inequality through innovative business models. Fledge operates a network of business accelerators worldwide, each tailored to the specific needs of local entrepreneurs and the unique problems they aim to solve. Through its ten-week program, Fledge provides seed-stage companies with investment ranging from $15,000 to $20,000 for a six percent equity stake. The firm is committed to fostering impactful startups, offering various programs including those focused on cooperative businesses and opportunities for companies looking to relocate to Canada.
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Past deals in Tanzania
Swahili Honey
Seed Round in 2018
Swahili Honey is a sustainable beekeeping company that partners with rural smallholder farmers in Tanzania. It provides free training, equipment loans, extension services, and guaranteed markets to increase farmers' income through the production of high-quality, pure honey.
OBRI Tanzania
Seed Round in 2018
OBRI Tanzania is an agro-industrial company dedicated to producing and distributing high-quality sunflower oil sourced from smallholder farmers. The company focuses on creating healthier and more nutritious food options by processing and refining sunflower cooking oil using organic methods and minimal chemicals. In addition to oil production, OBRI Tanzania offers oil cake and maize flour, as well as services such as seed crushing, filtration, bottling, and packaging. The company actively supports local farmers by helping them increase their yields and protect their land, fostering a sustainable agricultural ecosystem. By connecting farmers directly with consumers, OBRI Tanzania aims to make nutritious food accessible and affordable while promoting environmental sustainability.
East Africa Fruits
Pre Seed Round in 2014
East Africa Fruits Co. is a prominent distributor of fresh fruits, vegetables, and grains, serving a diverse clientele that includes retailers, wholesalers, local vendors, cafes, hotels, and exporters. Founded in 2013 and based in Dar es Salaam, Tanzania, the company sources its produce from smallholder farmers, providing essential services such as cleaning, sorting, packing, and marketing. By facilitating connections between sellers and buyers, East Africa Fruits Co. supports smallholder farmers with crop planning tailored to market demands. The company is dedicated to increasing the availability of fresh produce to meet growing consumer demand both locally and internationally. In its pursuit of growth, East Africa Fruits Co. aims to become a leading producer and exporter of fruits and vegetables, with plans for significant expansion in the coming years.
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