Mecho Autotech closes US$2M seed round for expansion in Nigeria

NIGERIA – Nigerian vehicle repair and maintenance startup Mecho Autotech has raised a US$2.15 million seed funding round to expand its capacities and acquire more customers. The latest funding round featured participation from Future Africa, Hoaq Capital, Cathexis Ventures, V8 Capital, Silver Squid, and Tekedia Capital. The round was oversubscribed by over 300 percent. Mecho Autotech will use the capital…

Read More