Participated · Series A · Jan 2022

ANKA, previously Afrikrea, operates an all-in-one e-commerce SaaS launched in 2021 to support sellers and complement its marketplace. The company began as an online marketplace in 2016 and has recorded 250% year-on-year growth since launch. ANKA’s platform has sellers from 47 of 54 African countries, has facilitated over $35 million in transactions across 174 countries, and records over 700,000 visits per month; the majority of customers are in Europe and North America. More than 80% of its sellers are women, who have grown revenue by about 50% on average since joining. The company plans to use new funding to build out mobile infrastructure, expand product development and operations across new verticals, and to boost hiring across product, sales, and finance while recruiting remote developers. The raise brings its total funding to $8.1 million.

Participated · Series A · Jan 2022

ANKA is an all-in-one SaaS e-commerce platform that helps African exporters, online merchants and drop shippers consolidate orders, payments and shipping. The company evolved from a marketplace (formerly Afrikrea) and rebranded to a SaaS model in 2021. Its product suite includes ANKA Marketplace (configurable storefront and omnichannel order/inventory management), ANKA Pay (local payment methods) and ANKA Shipping (partnership with DHL for international dispatch). ANKA reports over a million monthly visits, $50 million processed across 175 countries, a turnover increase from €200,000 to €3.6 million, 20,000+ vendors (80% women) and 350,000+ buyers. It transports over 10 tonnes of cargo per month and says its margins and SME community have nearly doubled since the prior capital injection. The company plans to use new funding to strengthen product development, expand services in key markets (Nigeria, Kenya and the U.S.) and hire sales, technical and product talent while pursuing a goal of onboarding 100,000 African sellers by 2030. Formerly Afrikrea, ANKA launched as a SaaS omnichannel platform that lets merchants monitor sales and inventory across marketplaces, social media and websites and offers customizable storefronts, payment links and logistics integrations. The company partners with DHL and Visa and provides multi-currency payments and a buy-now-pay-later option; Afrikrea remains one feature on the ANKA site. ANKA is free to catalogue products but charges €10/month once sellers accept payments or make sales and a €10 upfront fee for shipping or hosting; it reported over 13,000 subscribers, with about 40% not using the marketplace. The platform serves sellers from 47 African countries (more than 80% women) and said sellers grow revenue by 50% on average; it records over 700,000 buyer visits and buyers have transacted over $35 million from 174 countries. The company claims it ships over 10 tons of cargo per month and that 90% of sales come from buyers in France and the U.S. ANKA plans to build a mobile app, continue product development and hire across tech, finance, sales and marketing to expand its ~30-person team across four continents.

Participated · Seed · Nov 2021

Shuttlers operates a bus‑sharing platform focused on corporate commutes and individual riders, offering scheduled routes, live bus tracking, optimal routing, digital payments and ride schedules. Launched by CEO Damilola Olokesusi in 2016, the Lagos‑based company runs nearly 260 buses across about 300 routes in Lagos and Abuja and serves 80+ corporate clients. It sells over 9,000 tickets daily, claims 70,000 users (about half have ridden), and reports 3 million B2B trips to date. The startup has three payment plans for companies and individuals, with fares ranging from N850 (~$1.96) to N1300 (~$2.60). Shuttlers says it has cut commuters’ carbon footprints by 85% (about 4 million pounds of CO2) and processed over $1M in transactions prior to its seed. The company plans to build infrastructure to scale its mass transit business, expand into five more Nigerian cities next year, and ramp up hiring in sales, marketing and customer support. Shuttlers operates an app-based platform that lets commuters book seats on scheduled bus routes, offering live bus tracking, optimal routing, digital payments and a subscription feature for recurring rides. The company sells B2B2C, B2B and B2C plans, supplying employers with shared staff transport as well as individual ticketing. Shuttlers claims commuters pay up to 80% less than other ride-hailing services and highlights environmental benefits from reducing cars on the road. Since launching (app revamp in 2019) it reports over 10,000 users, 100+ buses across 30+ routes and 300 stops, more than 2 million trips and over 6,000 tickets sold daily. The founder says the business is profitable while raising this seed round. Shuttlers is planning rapid expansion across Nigeria and into West Africa and Ghana, and has already begun operations in Abuja and acquired a similar player in Ghana.

Participated · Seed · Oct 2021

Eden Life operates a mobile platform allowing customers to subscribe to food, laundry and home-cleaning services via a single app. The company vertically integrated its food offering by launching an in-house kitchen and produces meals to improve quality, while it partners with laundromats and trains a network of freelance cleaners for laundry and cleaning. Logistics partner Gokada handles roughly 75% of food and laundry deliveries. More than 600 customers use one to three services (an average customer uses two services five times per week), and Eden has delivered over 60,000 services in Lagos. Average subscription revenue is about $100 per customer per month, which implies roughly $60,000 monthly revenue by the company’s reported metrics, though the CEO declined to confirm a specific figure. Eden plans to use new funding to build in-house technology, scale its team, expand food production facilities, and establish operational distribution hubs as it refines its Lagos operations.

Participated · Seed · Aug 2021

Omnibiz operates an asset-light B2B e-commerce platform and retail operating system that connects FMCG manufacturers, partner distributors and last-mile logistics to informal retailers via a mobile app, WhatsApp channel and phone ordering. The company offers the MyStore bookkeeping app that integrates procurement, inventory, sales tracking and BNPL working-capital services to improve retailer retention and operations. Omnibiz serves over 3,000 daily active retailers, reports an annual GMV of $130 million, and has expanded to 12 Nigerian cities and into Ghana. The platform partners with more than 70 logistics providers and delivers products from over 200 brands. Founded in 2019 by Deepanker Rustagi and based in Lagos, Omnibiz focuses on retailer loyalty and unit economics rather than broad registered‑merchant counts. The company plans regional expansion into Abidjan, Takoradi, Kumasi and Accra and aims to grow daily active retailers to 10,000 next year. Omnibiz digitizes the informal B2B FMCG supply chain by connecting manufacturers with retailers through a mobile app, WhatsApp channel and a phone number for orders. The company uses an asset-light model: partner distributors warehouse goods while Omnibiz contracts third-party logistics to deliver orders to retailers within 24 hours. It serves more than 20 brands, including Coca-Cola, Nestlé, Kellogg’s, Unilever, Procter & Gamble and Kimberly‑Clark, with top categories of food, non-alcoholic beverages, personal care and baby care. Omnibiz currently operates in Lagos, Abuja, Port Harcourt and Kaduna and plans to add Ibadan and Kano before the end of August, then expand into West African cities such as Abidjan, Takoradi, Kumasi and Accra. The company plans new tech products, expanded category coverage (alcoholic beverages and OTC pharmaceuticals) and tools to improve retailers’ access to working capital and business management. Management reports 30% month-on-month growth over the past 12 months and has raised fresh capital to support expansion.