Startup MarketForce raises US$2m Pre-Series A to scale its B2B retail marketplace

KENYA – MarketForce, a Kenyan B2B retail distribution platform has raised US$2 million Pre-Series A round to launch in Nigeria and to scale up its RejaReja to more towns in East Africa. The funding was raised from V8 Capital, Future Africa, Greenhouse Capital, Launch Africa, Rebel Fund, Remapped Ventures, and a couple of strategic angel investors as new investors. Y Combinator and existing investor P1 Ventures also participated in the oversubscribed round. The raise brings MarketForce’s total funding to date to US$2.5 million after it raised US$350,000 seed round last year and US$150,000…

Read More

Ecommerce platform ExpandCart raises US$2m Series A funding for digital commerce solutions

EGYPT – ExpandCart, Arabic ecommerce platform, has raised US$2.5 million in a Series A round led by Egyptian VC Sawari Ventures with the Agility Ventures (the corporate VC arm of logistics firm Agility), and Graphene Ventures and some angel investors. The investment will be channeled towards digital commerce solutions targeting online and offline retailers reducing the gap between merchants and suppliers across the Middle East. ExpandCart was formed in 2013 by Sameh Nabil and Amr Shawqy to enable individuals and businesses to build online stores in English and Arabic on…

Read More