August 30

Shared Mobility Startup Plentywaka Raises $1.2 Million Seed Round and Acquires Stabus Ghana

By Ogheneruemu Oneyibo

Toronto-headquartered shared mobility startup, Plentywaka has announced a $1.2 million seed raise a month after completing the Techstars Toronto Accelerator program in July 2021.

On the back of this raise, the company also revealed that it had acquired Ghanaian mobility startup, Stabus as it looks to expand its African operations, starting with West Africa.

The round was led by Toronto-based VC, The Xchange. Other participants include China-based VC, SOSV; US-based VC, Shock Ventures; Nigeria-based Argentil Capital Ventures; and Nigeria-based ODBA & Co Ventures. Techstars Toronto also made a follow-on investment.

Rounding off the list are several angel investors from Canada, the US, and Africa.

Photo courtesy of lchunt.

Source: Techpoint Africa (link opens in a new window)

Investing, Technology, Transportation
impact investing, startups, transportation