Fundz

Renda secures $1.9M in a pre-seed round led by Ingressive Capital to improve order fulfillment and expand into more cities

PRIVATEMay 02, 2024

Amount Raised

$1.9 Million

Round Type

Pre-Seed

GbagadaRetailSupply Chain ManagementLogistics

Investors

Seed FiGolden Palm InvestmentsMagic FundFounders Factory AfricaTechstars TorontoReflect VenturesVastly Valuable VenturesIngressive Capital

Description

Renda, a logistics startup based in Africa, has raised $1.9 million in a pre-seed round led by Ingressive Capital. The funding will be used to improve the company's order fulfillment offerings, expand into more cities in Nigeria and Kenya, and grow its partnership network across these markets.

Quick answer

Renda raised $1.9 Million in a Pre-Seed round, dated May 2, 2024. Investors: Seed Fi, Golden Palm Investments, Magic Fund, Founders Factory Africa, Techstars Toronto, Reflect Ventures, Vastly Valuable Ventures and Ingressive Capital. Renda is based in Gbagada, Lagos, Nigeria.

How much did Renda raise?
Renda raised $1.9 Million in a Pre-Seed round on May 2, 2024.
Who invested in Renda?
Seed Fi, Golden Palm Investments, Magic Fund, Founders Factory Africa, Techstars Toronto, Reflect Ventures, Vastly Valuable Ventures and Ingressive Capital are named as investors in this round.
What does Renda do?
Renda is a three-year-old startup that provides order fulfillment and retail distribution for businesses in Africa, with a focus on simplifying the logistics challenges faced in Nigeria and Kenya.
Where is Renda based and how big is it?
Renda is based in Gbagada, Lagos, Nigeria.
Who are the decision-makers at Renda?
Fundz holds 1 contact at Renda. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Retail and Supply Chain Management around the same time

Companies in the same sectors as Renda that raised within 45 days of this round, from Fundz verified event records.

  • ketteQ raised $1.9M on May 31, 2024.
  • shipzero raised $8.6M (Series A) on May 27, 2024.
  • MDD raised $27M (Series A) on May 19, 2024.
  • GoodShip raised $8M (Series A) on May 16, 2024.
  • Celcius Logistics raised $4.8M (Series B) on May 14, 2024.
  • MatchLog Solutions raised $1.5M (Pre-Series A) on April 25, 2024.

Who to call at Renda, and when

A new round usually means Renda is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Renda

Location

Gbagada, Lagos, Nigeria

About

Renda is a three-year-old startup that provides order fulfillment and retail distribution for businesses in Africa, with a focus on simplifying the logistics challenges faced in Nigeria and Kenya.

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