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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.

Goodwell Investments and Alitheia Capital have announced the first close of the uMunthu II Fund at $60 million.

Standard Chartered Bank and British International Investment (BII), the UK’s development finance institution, have signed a $350 million risk participation agreement aimed at supporting the trade finance needs of small and medium-sized enterprises (SMEs) and corporates in Africa and South Asia.

Vantage Capital, a leading African fund manager, has announced the closing of a €14 million mezzanine investment in Société de Production Maraîchère Samir (SPMS), a Moroccan agricultural company.