AUSTIN, TEXAS โ Mediterranean food company Afia Foods has raised $3 million in Series A equity financing.
The funding will enable the company, which started at a local farmers market in Austin in 2017, to scale Afiaโs core product line and open a new 23,000-square-foot manufacturing facility and headquarters in Taylor, Texas, later this year.
โThis early investment will be pivotal in supporting our expansion plans, which include a new manufacturing facility and a new line of products,โ said Yassin Sibai, co-founder and chief executive officer. โWe sought strategic partners in our investors who align with our vision. We are excited to work with them on our new phase of growth.โ
The company produces five different flavors of falafel and their online Texas exclusive kibbeh.
โWe were extremely pleased to lead this round of growth capital for an exciting and rapidly expanding brand thatโs delivering healthy and delicious Mediterranean food options for consumers nationwide, while remaining true to its family heritage and community involvement,โ said Rocky Hardin, chief executive officer of Embree Capital Markets Group and a member of the Afia board of directors.
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