Kenyan-based fish processing startup Aquarech raises $1.7 million
Kenya's rapidly growing population and rising disposable income have led to a surge in demand for fish and seafood products, but the country's wild fisheries are struggling to keep up.
With this growing demand comes an opportunity for businesses like Aquarech, which is working to address the gap between supply and demand through innovative technology solutions.
Aquarech, a Kenyan-based fish processing and delivery platform, has raised $1.7 million in a pre-Series A funding round. The funds will be used to further develop the company's technology and infrastructure, with a focus on improving its vertical integration capabilities.
It operates in a fast-growing sector, as the demand for fish and seafood products continues to rise in Africa. The company is well-positioned to capitalise on this trend, and the new funding will help it to scale up its operations and reach more customers.
Aquarech's innovative platform is transforming the way fish farmers, feed manufacturers, and buyers do business in Kenya. By bringing together these players in a single marketplace, Aquarech is able to connect them to trade, building trust and facilitating transactions.
In addition, the company's mobile app provides farmers with access to the tools and resources they need to boost their productivity, such as high-quality feeds, farm management, and IoT solutions. Aquarech's platform is helping to create a more efficient and profitable aquaculture industry in Kenya, while also empowering farmers and businesses with the knowledge and resources they need to succeed.
Aquarech's key competitors in the Kenyan market include Agrikore, Twiga Foods, and Tulaa, all of which offer similar services to connect farmers, feed manufacturers, and buyers. However, Aquarech sets itself apart through its focus on the fish and seafood industry, as well as its commitment to building trust and providing access to the latest technology. With these differentiating factors, Aquarech is well-positioned to succeed in this competitive space.
