Tanzania: FMCG distribution platform secures funding
Sumet has raised $1.5 million in a pre-seed round combining equity and debt.
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Sumet, a Tanzania-based technology platform that connects fast-moving consumer goods (FMCG) manufacturers with retailers, has raised $1.5 million in a pre-seed round combining equity and debt.
The funding was secured from a mix of angel syndicates and local and international investors, including the African Business Angels Network (ABAN), Catalytic Africa, and an angel syndicate from Egypt, along with other strategic backers.
Since its launch, Sumet has aimed to reshape Africa’s FMCG distribution landscape by building channels that help brands scale while meeting local market needs.
The company has expanded its distribution footprint across key African markets, tripled its team, and established a presence in all 26 provinces of Tanzania.
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