Following a successful pilot, Kune, a Kenyan food-tech firm that delivers freshly cooked fast food at low prices, has raised $1 million in pre-seed funding to help it expand.
In 2020, French entrepreneur Robin Reecht founded Kune, a food delivery firm that is innovating to solve the problem of economical food preparation and delivery.
The pre-seed round was led by Launch Africa Ventures, a pan-African venture capital firm. Century Oak Capital GmbH and Consonance were among the other investors, with Pariti, an ecosystem management firm, participating.
When Reetch initially arrived in Kenya from France in November 2020, finding economical ready-to-eat meals was difficult.
Reetch saw a gap in the market and decided to fill it. He chose to launch Kune the following month.
“I started fundraising after three months of hard work building the company, acquiring land for our factory, and adding key team members. I’m ecstatic that Kune has piqued the interest of investors who recognised the company’s potential to expand not only in Kenya but throughout Sub-Saharan Africa,” said Reecht.
“Launch Africa is ecstatic to be spearheading the first round of funding for this innovative new food firm in Kenya. Kune Africa has a big growth and scalability opportunity by leveraging the cloud kitchen model and managing the entire supply chain, and we are excited to watch the company take off and grow,” said Baljinder Sharma, director of Launch Africa Ventures.
Based on a hybrid method combining cloud and dark kitchen technology, all Kune meals are prepared and packaged on-site at its production “hub” and then delivered on-demand to both online and retail and corporate customers.