Premium dried fruit snack company ReelFruit secures US$3m funding to expand production

NIGERIA – Nigeria’s leading dried fruit snack brand, ReelFruit, has raised a Series A investment of US$3 million to expand its production fivefold, increase its product offerings and double down on exports to the US and other international markets. The funding round was led by Alitheia IDF which invested 67 per cent or US$2 million, while other investors including Samata Capital and Flying Doctor Healthcare Investment Company also took part in the round. Founded in 2012, ReelFruit pioneered the dried fruit snack industry in Nigeria and remains its market leader.…

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