Black Mamba Foods, an Eswatini based food company, intends to upscale and grow itself and its services through R9.2-million funding the company secured from US-based venture capital (VC) Enygma Ventures.
Black Mamba, a quoted producer of specialty foods hopes to utilize the funding received to perk the food business which started in 2002 when Joe and Claudia Castellanos brewed their first batch of chili sauce.
Black Mamba Foods has a range of products in its kitty ranging from, chili sauces, chutneys, jams, pestos, and pickles, to name a few which all come without artificial flavors or preservatives.
The company is quite particular about giving support to small scale local farmers, mostly made up of women, and it has market access and income set aside for these local farmers.
In addition to its mode of operation, it uses that same relationship with local farmers to directly increase food security for an array of rural families.
Claudia Castellanos, Co-Founder, and CEO of Black Mamba Foods, in part of her comments on investment from Enygma Ventures, had this to say:
“We are extremely excited about this partnership with Enygma Ventures. The financial and strategic support will allow us to scale Black Mamba exponentially.
It validates our business model, based on building a fun and modern African brand of high-quality food products while promoting inclusiveness of rural communities and green agriculture.”
On ensuring the sustainability of their farmed products, all the farmers Black Mamba uses are provided with adequate training in permaculture and regenerative farming practices, by the platform to ensure optimal delivery and push towards upskilling local farmers and positively contribute to the environment and society at large
Managing Partner and Co-Founder of Enygma Ventures, Sarah Dusek, in a comment towards Black Mamba Foods’ concept and business model said:
“We are very pleased to partner with Black Mamba, to scale their growth across the continent and beyond. Black Mamba is an incredible brand that not only elevates women and sustainable farming but also makes the world a better place for all of us.”
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