Funding Roundup: Kapu, SideUp, Teleport and Others Close Early-Stage Deals
It has been an exceptional week for startups in the e-commerce, logistics and supply chain space. In this week’s Ecosystem Funding Roundup, we are thrilled to feature 6 of their notable achievements:
Taeillo Expansion Financing
Taeillo is a technology-enabled furniture firm that has raised $2.5M in "expansion" funding from Nigeria-based Aruwa Capital. Founded in 2018 by Jumoke Dada, the Nigerian startup locally manufactures furniture pieces and sells directly to its B2C and B2B customers via its e-commerce marketplace. Using the fresh capital, the company plans to cut down delivery times to about 3-5 days, scale its "Pay with Flexi" product and ramp up its hiring efforts to attain outstanding talent.
Year Founded: 2018
Founder(s): Jumoke Dada
Location: Lagos, Nigeria
Latest Funding: $2.5M “Expansion” Funding
Lead Investor(s): Aruwa Capital
Kapu Seed Funding
Nairobi-based Kapu is a social commerce startup backed by leading African families and top global investors. In fact, the company has just come out of stealth in a $8M seed round co-led by Giant Ventures and Firstminute Capital, with participation from Founder Collective and a few others. Ever since inception in January 2022, the team has been working diligently on a B2B e-commerce service that enables consumers to buy groceries at lower prices.
Year Founded: 2022
Founder(s): Sam Chappatte
Location: Nairobi ,Kenya
Latest Funding: $8M Seed
Lead Investor(s): Giant Ventures and Firstminute Capital
SideUp Seed Funding
Formerly known as Voo, SideUp is the “platform for all intelligent technological solutions for micro, small and medium e-commerce businesses”. Enabled by a team of talented account managers, SideUp helps merchants to sell in 45 (and counting) countries. Following its recent $1.2M fundraise, the Cairo-based startup is looking to expand in Egypt, Saudi Arabia, and two other countries by the end of 2023.
Year Founded: 2019
Founder(s): Waleed Rashed
Location: Cairo, Egypt
Latest Funding: $1.2M Seed
Lead Investor(s): Undisclosed
Teleport Venture Funding
Capital A’s logistics arm Teleport has closed a $50M capital raise from what they call “large institutional credit investors”. On top of inducting additional freighters, the funds will go towards building critical hubs in Indonesia, Malaysia and the Philippines. “Key to Teleport’s leadership in the next three years is the extension of our network coverage by air with the induction of A321F freighters starting in 1Q2023. We aim to easily connect manufacturers, exporters and e-commerce directly to any Southeast Asian market,” noted Teleport Founder & CEO.
Year Founded: 2018
Founder(s): PeteChareonwongsak
Location: Sepang, Malaysia
Latest Funding: $50M Venture Funding
Lead Investor(s): Undisclosed
Suplyd Pre-Seed Funding
Suplyd is a procurement platform that was founded with the mission of optimizing the supply chain of Egypt’s rapidly growing F&B sector. Leveraging its network of tech-enabled fulfillment centers coupled with its comprehensive digital solution, Suplyd is bringing efficiency in the supply chain operations for many businesses. Armed with a $1.6M pre-seed raise, the startup is now ready to scale its operations and explore other growth opportunities beyond Cairo.
Year Founded: 2022
Founder(s): Gohar Said, Karim Selima and Ahmed ElMahdy
Location: Cairo, Egypt
Latest Funding: $1.6M Pre-seed
Lead Investor(s): Endure Capital, Seedstars, Camel Ventures and Falak Startups
Pixyle AI Seed Funding
With its headquarters in Amsterdam, Pixyle AI is supposedly the world’s most accurate fashion tagging platform powered by visual AI. Built to enable online retailers to improve both customer engagement and conversion rates, Pixyle AI’s technology has helped several brands digitize their shopping experience in more ways than one. According to TechCrunch, the €1M seed funding will be used to enhance its product offering and move into new verticals among others.
Year Founded: 2019
Founder(s): Svetlana Kordumova and Roland Simon
Location: Amsterdam, the Netherlands
Latest Funding: €1M Seed
Lead Investor(s): South Central Ventures
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