About Afia
Afia is a company based in Austin (United States) founded in 2017 by Farrah Moussallati Sibai and Yassin Sibai. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Afia has raised $3 million across 2 funding rounds from investors including Embree Group, Semillero Partners and unknown. Afia offers products and services including Falafel, Kibbeh, Falafel Bowls, Spices, and Stuffing. Afia operates in a competitive market with competitors including Proper Good, Fresh Express, Don Miguel, RollinGreens and Lucky Foods, among others.
- Headquarter Austin, United States
- Founders Farrah Moussallati Sibai, Yassin Sibai
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Afia Manufacturing
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Series A
Jun 07, 2023
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Investors
Embree Group
& 4 more
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Employee Count
Employee Count
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Products & Services of Afia
Afia offers a comprehensive portfolio of products and services, including Falafel, Kibbeh, Falafel Bowls, Spices, and Stuffing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Frozen falafel is offered for Mediterranean cuisine lovers.
Frozen kibbeh is provided for traditional Mediterranean meals.
Ready-to-eat falafel bowls are made for quick meals.
Mediterranean spices are sold for enhancing dish flavors.
Stuffing mixes are available for Mediterranean recipe preparation.
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Funding Insights of Afia
Afia has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Afia | Valuation | Embree Group , Semillero Partners | |
| Jun, 2020 | Amount | Seed - Afia | Valuation | Unorthodox Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Afia
Afia has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Embree Group, Semillero Partners and unknown. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Early-stage investments are made in medical and construction technology.
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Founded Year | Domain | Location | |
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Offers real estate construction, development, and capital markets services across industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Afia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Afia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Afia Comparisons
Competitors of Afia
Afia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Proper Good, Fresh Express, Don Miguel, RollinGreens and Lucky Foods, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand of soups
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| domain | founded_year | HQ Location |
Salads brand
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| domain | founded_year | HQ Location |
Manufacturer of Mexican-inspired frozen convenience foods
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| domain | founded_year | HQ Location |
Snacks are manufactured by RollinGreens in Boulder, United States.
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| domain | founded_year | HQ Location |
Ready-to-eat natural foods are produced and distributed by Lucky Foods.
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| domain | founded_year | HQ Location |
Manufacturer of frozen and canned food products for retail, food service, and industrial sectors
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Afia
When was Afia founded?
Afia was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Afia located?
Afia is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Afia?
Yassin Sibai is the current CEO of Afia. They have also founded this company.
Is Afia a funded company?
Afia is a funded company, having raised a total of $3M across 2 funding rounds to date.
What does Afia do?
Afia is engaged in the production and distribution of healthy frozen Mediterranean food. Products such as falafel, kibbeh, and falafel bowls are offered to customers nationwide. The company focuses on providing easy-to-prepare meals and authentic spices for Mediterranean cuisine. Distribution is managed through over 3,500 stores across the United States, alongside online platforms like Amazon and Instacart. The food sector is primarily targeted with an emphasis on quality and flavor.
Who are the top competitors of Afia?
Afia's top competitors include Proper Good, Smith Frozen Foods and Fresh Express.
What products or services does Afia offer?
Afia offers Falafel, Kibbeh, Falafel Bowls, Spices, and Stuffing.
Who are Afia's investors?
Afia has 5 investors. Key investors include Embree Group, Semillero Partners, unknown, unknown, and Unorthodox Ventures.