May 23

African B2B E-Commerce Startup Sabi Tops $300 Million Valuation in New Funding

By Tage Kene-Okafor

Sabi, a Lagos-based B2B e-commerce startup providing digital commerce infrastructure to Africa’s informal economy, has raised $38 million in Series B funding at a valuation of $300 million, according to two people familiar with the matter, signaling revived investor interest in a B2B e-commerce market going through some reckoning.

Photo courtesy of Hello Lightbulb.

Source: Tech Crunch (link opens in a new window)

Finance, Technology
distribution, e-commerce, fintech, infrastructure, startups