YC-backed Namibian Startup JABU Gets $3.2 Million for Its B2B E-commerce and Retail Play
By Tage Kene-Okafor
Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 million financing round.
The seed round, which was closed last year, welcomed investors such as Afore Capital, Y Combinator, FJ Labs, Quiet Capital, Kli Capital, Pareto Capital and unnamed angels.
As a last-mile distribution e-commerce company, JABU joins a list of startups across the continent that help small retailers order and stock their products and, at the same time, provide data-driven services to suppliers and manufacturers.
CEO David Akinin founded JABU in mid-2020 to fix Namibia’s inefficient and almost nonexistent supply chain and distribution.