Two Nigerian startups Fez Delivery and HouseAfrica have raised funds to execute their respective growth objectives.
Fez Delivery, a logistics platform secured USD 1mn for its seed round from Ventures Platform, which led, Voltron Capital, Acasia Ventures and angel investors. The startup will use the capital to facilitate growth in its home market as well as expand into Ghana, Kenya and South Africa. Funds will also go towards improving technology and operational efficiency as it focuses on becoming a fully-fledged tech company operating in the last-mile delivery space.
The company currently operates across Nigeria’s thirty-six states. It was founded in 2020 by Seun Alley and was spun-out of an existing business to offer delivery services.
Meanwhile, HouseAfrica has raised USD 400,000 from Future Africa, SSE Angel Network, ARM Labs, CV VC, Startupbootcamp, AfriTech, Niche Capital and Rebel Seed Capital.
Funds will go towards improving its tech stack.