Nigeria’s Orda raises seed round, Ecodudu gets funding

Nigeria’s Orda has raised a USD 3.4mn seed round led by Quona Capital and Fintech Collective following a USD 1.1mn investment it secured at the start of the year.

In the period between the first and the second investment commitments, the restaurant management platform grew the number of restaurants in Nigeria and Kenya to more than 600. It also processes over 500% more weekly orders for its customers. With this additional funding, it will improve its lending, payments and credit solutions.

Other investors in the round are Far Out Ventures, Outside VC and angel investors. Existing investors Norrsken Foundation, Lofty Inc. Capital and Enza Capital also made follow-on investments.

Ecodudu raises $540,000 led by Truvalu

Truvalu, a company which supports SMEs, has become an investor in Ecodudu by leading a USD 540,000 which also secured investments from GreenTec Capital Partners, ShEquity and Opes-Lcef.

The Kenyan waste-to value company is recycling organic waste into high-protein animal feed and organic fertiliser using the black soldier fly. It produces two products DuduMeal, an insect-based animal feed for poultry, pig and fish faring; and ShambaMix, an organic fertiliser.