Nigerian B2B marketplace startup Eze has raised $3.7m to revolutionize the African electronics market.
The funding round, led by Right Side Capital Management, attracted investments from C2 Ventures, Boro Capital, EVPI Investments, and several angel investors. Founded in 2020, the YC-backed startup aims to bridge the gap between the global technology landscape and African consumers by providing them with access to electronics at competitive prices.
With this substantial investment, the company intends to ramp up its operations, enhance its product offerings, and expand its reach across the continent. The company’s innovative business model leverages e-commerce platforms and localized retail outlets to reach consumers in both urban centres and remote areas.
Nigerian edtech startup AltSchool Africa has launched a new initiative to help Africans access artificial intelligence (AI) education.
South African climate-tech startup, Plentify, has successfully concluded an oversubscribed funding round, securing investment from prominent African and North American venture capitalists.
BFREE, a Nigerian fintech company specializing in ethical credit management, has secured $2.95 million in funding to enhance its product suite.
© 2021 Empower Africa. All rights reserved.