Sendbox Raises $1.8 Million Seed to Digitise Deliveries for African SMEs
Sendbox, the Nigerian startup digitising deliveries for e-commerce and social commerce sellers in Africa, has closed a $1.8 million seed round to expand into more African markets, scale its product offerings and hire more talents.
4DX Ventures returned to lead this investment round after participating in the startup’s pre-seed in 2018. Other investors in this round are Enza Capital, FJLabs, Golden Palm Investments and Flexport. YC Combinator also wrote a cheque as part of its 2021 winter cohort. This brings the startup’s total investment to $2 million.
Founded in 2018 by Emotu Balogun (CEO), Sendbox was built to solve the problem of logistics for small and medium businesses by providing them with affordable and reliable courier services to fulfil local and international shipping from pickup to doorstep delivery.
Photo courtesy of Olumide Bamgbelu.
Source: TechCabal (link opens in a new window)
- e-commerce, scale, startups