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Investment: Vendease in Nigeria raises $3.2 million

28/10/2021
Categories: Companies

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Vendease raised $3.2 million. This Nigeria-based online marketplace allows restaurants and other food businesses to purchase supplies directly from manufacturers and farms.

The round was led by San Francisco-based venture capital firm Global Founders Capital. Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC and Soma Capital participated along with other individual local investors and early backers like Paga CEO Tayo Oviosu, Remita CEO John Obaro and Magic Fund. Established in 2020, Vendease currently operates in Lagos, Abuja and Ibadan, with some of the country's biggest food brands like Hard Rock, Krispy Kreme and Shiro.

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