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Ororo Waste secures $1M from Rising Tide Africa to expand UCO collection across Nigeria. The Nigerian startup plans to scale operations from 3 to 40 hubs.
Amount Raised
$1 Million
Round Type
Seed
LagosEnergyOil And GasRenewable EnergyWaste ManagementInvestors
Description
Ororo Waste Management Limited, a Nigerian used cooking oil (UCO) waste management company, has secured $1 million from Rising Tide Africa, a women-oriented angel investment network. The investment, which is double Rising Tide Africa's typical check size, will be disbursed in two tranches: the first on September 16 and the second on December 16. The capital will be used to purchase used cooking oil from its collector network and cover hub operating costs. Ororo Waste, founded in 2021, currently operates three collection hubs across Lagos, Abuja, and Port Harcourt, and plans to expand to 40 hubs across Nigeria within five years.
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Ororo Waste Management Limited 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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