Sumet Technologies, a Tanzanian fast-moving consumer goods (FMCG) startup, has raised $1.5 million in pre-seed funding. The startup will use the capital injection to improve its technology infrastructure, operational efficiency, and expand into new markets.
Sumet uses technology to connect FMCG brands with a network of over 6,500 active retailers spanning all 26 provinces of mainland Tanzania.
Some of the angel investors who took part in this round include the African Business Angel Network (ABAN), Catalytic Africa, and an angel syndicate from Egypt.
Hazem Afify, Chief Executive of Sumet, said, “At Sumet, we’re tackling one of Africa’s biggest challenges — enabling new brands to enter and grow in the market,” he said. “This funding is crucial to strengthening our tech stack, bridging distribution gaps, and building a dynamic, cost-effective ecosystem that empowers brands to scale effectively.”
Fadilah Tchoumba, CEO of ABAN, added, “Sumet Technologies is revolutionising consumer goods distribution by facilitating market penetration for new brands and optimising supply chains across Africa. Their commitment to impact-driven innovation aligns with our mission to foster ventures that drive sustainable economic growth on the continent.”
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