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Dutch expertise startup Almacena says it has raised €3.5 million ($3.39 USD, as of this writing) for the additional improvement of a digital green coffee platform and marketplace centered on African coffees.
The funding was led by the Bulgarian agency Eleven with participation from Greece-based VentureFriends and United States-based Acequia Capital.
Based on an announcement from Amsterdam-based Almacena immediately, a part of the funding will go in direction of increasing the corporate’s espresso market to patrons in the US.
Based by Dimo Yanchev and Karl Robijns in 2018, Almacena formally launched its on-line espresso market in 2021, supported by places of work in The Netherlands, Belgium and 6 East African coffee-producing firms.
The corporate pitches advantages each to espresso patrons and occasional producer teams by selling traceability by way of digital transactions, direct negotiations and on-line contracts.
“We imagine that sooner or later commodity buying and selling can be disbanded to permit for service competitors, direct procurement and worth redistribution,” Yanchev stated in an announcement of the funding spherical. “Almacena goals to guide that change, beginning with espresso. This spherical will assist us to show on a worldwide foundation that disintermediation in agriculture provide chains works.
Almacena is joins a rising group of tech-focused firms, largely concentrated within the coffee-buying world of the worldwide north, that has obtained enterprise capital funding for on-line inexperienced espresso marketplaces or platforms.
Based on Almacena, {the marketplace} at the moment has greater than 160 espresso cooperatives comprising some 300,000 espresso farmers in its system.
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