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Chowdeck raises $2.5M in seed funding to expand across Nigeria

Apr 30, 2024•over 1 year ago

Amount Raised

$2.5 Million

Round Type

seed

LagosTransportation

Investors

Juan Pablo OrtegaSimon BorreroGoodwater CapitalY Combinator

Description

Chowdeck, a Nigerian on-demand delivery platform, has secured $2.5 million in seed funding to fuel its growth across Nigeria. The funding round includes backing from prominent investors Y Combinator and Goodwater Capital, as well as angel investors like Simon Borrero and Juan Pablo Ortega.

Company Information

Company

Chowdeck

Location

Lagos, Lagos State, Nigeria

About

Chowdeck is a Nigerian on-demand delivery platform that operates in eight Nigerian cities, serving over 500,000 users. The company processes an average of 14,000 daily orders and has a pool of 6,000 riders.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers