Newsroom > Blog
In partnership with RENEW, the Impact Angel Network (IAN) has invested in three companies to date, with two more investments closing soon. RENEW’s portfolio consists of Mama Fresh, a commercial manufacturer and exporter of injera and Ethiopian food products, METAD, an Ethiopian specialty coffee producer and exporter, and dVentus, a clean energy company. RENEW is proud of the social impact and financial growth that each of its portfolio companies have achieved to date, and is excited to provide an update on those accomplishments.
Ministry of Urban Development, Housing and Construction. Prime Minister Haliemariam Desalegn presented the award to Mama Fresh’s Hailu Tesema at a national ceremony. Mama Fresh also just finished transitioning its operations from a traditional injera manufacturing facility to a modern commercial injera and Ethiopian cuisine production facility. As a result, the company has doubled its capacity over what it was able to produce prior to the investment made by the IAN.
- More than 300 smallholder farmers or marginal producers have supplied raw materials to Mama Fresh or received training or other support, post investment
- Generating more than $1.5M in export revenue
- Establishing a strategic partnership with a Fortune 500 food company