African Tech Startup, Keep IT Cool, has announced that it successfully completed the acquisition of assets from Herdy and Kune Food, both of which closed shop in 2022. Keep IT Cool plans to use the assets to complement our expansion strategy.
In a LinkedIn post, Keep IT Cool said that they will use the assets to better plan their expansion strategy and mentioned both Kune Food and Herdy as important players in their growth journey.
“Kune Food and Herdy have been part of our growth and our biggest customers, when we heard they were closing down, we immediately started a conversation on how we could be supportive,” reads the post in part, “In 2022, we completed the acquisition of their assets that would complement our expansion strategy and continue our shared vision of quality and sustainable, good food systems.”
Keep IT Cool is a social enterprise that leverages on technology as an enabler to strengthen the African value chain. The company has been developing technology solutions in Agriculture that contribute to 80% of East Africa Community, GDP. It utilizes both existing and innovative technologies in sub-sectors like fisheries and aquaculture.
In 2022, Keep IT Cool received a financial support commitment from Rockefeller Foundation, Google for Startups, and Shell Foundation (follow -on funding) to create efficient market channels and reduce post-harvest losses for East African white meat producers.
The support was committed by African Green Revolution Forum (AGRF) partners; through the African deal room platform. Keep IT Cool has grown exponentially supporting 30 fish farms across East Africa.
According to the co-founder of Keep IT Cool, Francis Nderitu, the startup is targeting those in rural areas to help the producers and traders manage the post-harvest losses, improve quality assurance and market access.
Nderitu also says, on hi LinkedIn page, that Keep IT Cool is championing the Sustainable Development Goals (SDG 12) of responsible production and consumption.