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Gokada secures $5.3 million in Series A funding led by Rise Capital. The funds will expand its driver fleet and increase daily rides tenfold.

PRIVATEAug 21, 2026•about 4 hours ago

Amount Raised

$5.3 Million

Round Type

Series A

LagosTransportationTravelAutomotive

Investors

Ic Global PartnersFirst Mid West GroupAdventure CapitalRise Capital

Description

Gokada, the Lagos-based on-demand motorcycle taxi app, has raised $5.3 million in a Series A round. The funding, led by Rise Capital, will help the company expand its driver fleet and explore new business verticals. Gokada aims to increase daily rides by tenfold and enhance support for its drivers. The app has already become the most popular motorcycle-hailing platform in Nigeria.

Company Information

Company

Gokada

Location

Lagos, Lagos State, Nigeria

About

Gokada is a Lagos-based on-demand motorcycle taxi app that provides quick, safe, and reliable transport through commercial motorcycles. Since its launch in 2018, it has acquired around 1,000 motorcycles, offering trained, insured, and verified drivers. The company aims to reshape transportation in West Africa by ensuring drivers receive benefits such as health insurance and the opportunity to own their motorcycles. Gokada is recognized as the most popular motorcycle-hailing app in Nigeria and focuses on expanding its services and driver fleet.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Gokada raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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