Nigerian startup to disrupt the proptech sector SmallSmall

SmallSmall a Nigerian proptech has raised USD 3mn in debt (USD 1mn) and equity (USD 2mn) to expand into other Nigerian cities, it’s current base is in Lagos, such as Jos, Port Harcourt and Enugu. It plans to do so before the end of Q1 next year.

The company was founded in 2018 by Tunde Balogun, Naomi Olaghere and Pidah Tnadah after Balogun struggled to secure an apartment with monthly rental payments—in Lagos it is not unusual to pay rent for up to a year, or two, in advance.

VC investors in the round Oyster VC, Asymmetry Ventures, Vivax and Niche Capital with pre-seed investor Techstars making a follow-on investment. Angel investors also invested in the proptech.