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Sote, an African supply chain-focused company, has announced its recent round of funding. In a press release announcement provided to AfroTech, it was revealed that the company — which launched the “continent’s first licensed tech-enabled customs clearing and forwarding service“ — raised an additional $4 million in its seed funding extension round. The funding, which was led by Social Capital , Chamath Palihapitiya’s fund, brought Sote’s total fundraising efforts to $8 million. In addition to the African supply chain-focused company completing the funding round, it also placed Ray Ko, the growth partner, on its board. Other participating financiers include Harry Hurst, Founder/CEO at Pipe; MaC Venture Capital “doubling down,” per the press release; and K50 ventures. “Sote has always been about the people. A group of passionate individuals driven to build the future of Africa. We’re excited about bringing Samora and John under one roof with our Logistics and Engineering teams to...
This Black couple is taking their food talents to a store near you! Chicago natives Perteet and Fred Spencer used their love of sharing great meals with family and friends and turned it into a business through their very own food company, AYO Foods. “Nothing inspired us more than using our strong industry experiences to create these moments for others by sharing some of our family’s favorite recipes that were under-represented in mainstream grocery stores,” The couple told Black Enterprise . AYO — a Nigerian term for joy — and the two founders are ecstatic to announce that they have partnered with Whole Foods Market to share those excellent homemade recipes with the world. AYO Foods’ frozen meals are now available in select Whole Foods locations that include Louisiana, Texas, Arkansas, and Oklahoma aside from their current availability in Chicago-based grocery store, Green Grocer. “Frozen was a natural fit as an easy way for people to experience the flavors of West Africa,” the...