B2B marketplace Sabi secures US$6m to support its growth

NIGERIA – Sabi, a B2B marketplace serving the informal sector, has received US$6 million bridge round led by CRE Venture Capital to support its continued fast-paced growth in Nigeria and beyond. This bridge round financing will help fuel the company’s rapid growth as it eyes new markets including South Africa, which is also home to a multi-billion dollar informal sector. Sabi’s bridge round follows the company’s seed round closed in mid-2020 which also attracted leading international investors including Janngo Capital, Atlantica Ventures, and Waarde Capital. “We are excited to have…

Read More

B2B startup Sabi secures seed funding round to expand its network across Nigeria

NIGERIA – Sabi, a B2B startup serving Africa’s informal sector, has secured a seed funding round as it announces the milestone of over 150,000 small business users on its platform. According to the startup, the raised fund will be deployed in growing its network across Nigeria, thus onboarding new sales merchants. The funding round saw backing from investors including Atlantica Ventures, CRE Ventures, Waarde and Janngo Capital. IT has now closed a seed round with backing from investors including CRE Ventures, Janngo Capital, Atlantica Ventures, and Waarde Capital. Sabi is…

Read More