TechNigeria: A weekly digest of what went down in Nigeria’s tech space

August 14, 2021
News
Moove 2

The week recorded an impressive turn of events with equity raisers taking the lead as more Nigerian owned ventures added to their portfolios.

Nigerian mobility startup, Moove, closed a US$63.2 million Series A while anti-counterfeit startup, Chekkit, secured $500k pre-seed funding round.

Aside equity raiser developments, Nigeria’s Nguvu Health launched its on-demand therapy venture

Let’s discuss.

Nguvu’s on-demand therapy venture
During the week, Nigerian startup, Nguvu Health has launched as an on-demand online therapy venture.

The startup provides therapy sessions to Africans anywhere in the world via their smartphones.

The startup utilises Android and iOS apps to connect users with licensed therapists via in-app messaging or video call.

Moove

Moove’s $63.2m Series A

Nigerian mobility startup, Moove, also during the week, cloeed a US$63.2 million Series A.

The funding comes as a debt and equity funding round and is expected to help it expand more quickly.

The startup was cofounded by British-born Nigerians Ladi Delano and Jide Odunsi, to democratise vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.

Global

The Global Endeavor network

Having gained access to various support services to help their companies scale, Global Endeavor network has accepted new founders of tech startups based in Egypt and Nigeria into its fold.

The Endeavor initiative works to catalyse long-term economic growth, selects, mentors, and accelerates the best high-impact entrepreneurs worldwide.

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