Zuvy Comes Out Of Stealth With $4.5M Funding To Amplify Invoice Financing Across Nigeria
Jul 03, 2023•over 2 years ago
Amount Raised
$4.5 Million
Round Type
seed
Investors
David Mussafer, Chairman & Managing Director Of Advent InternationalVicus VenturesDunbar CapitalNext Chymia Consulting HkTlg Capital
Description
Zuvy recently raised $4.5 million in equity and debt financing, led by TLG Capital. This funding round attracted a diverse range of investors, including Next Chymia Consulting HK, Dunbar Capital, Vicus Ventures, and prominent angels like David Mussafer, Chairman & Managing Director of Advent International. The capital infusion will be used to meet the increasing demand from vendors on the Zuvy platform and expand their loan book.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers