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Home Funding

Eze, a Nigerian electronics marketplace, has closed a $3.7 million seed funding round

Tech Gist Africa by Tech Gist Africa
06/22/2023
in Funding, News - West Africa, Startups
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Eze Nigeria co-founders Josh Nzewi CEO and David Iya CTO

Eze Nigeria co-founders Josh Nzewi CEO and David Iya CTO

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Eze, a wholesale marketplace for used and new electronics in Nigeria, has raised US$3.7 million in seed funding.

Right Side Capital Management led the investment round, which also included angel investors C2 Ventures, Boro Capital, EVPI Investments, and others. 

Eze is a business-to-business (B2B) wholesale marketplace for electronic devices such as mobile phones, laptops, tablets, and more. The platform links thousands of customers from across the world with over 200,000 SKUs that have been assessed and are ready for purchase.

“Our mission is to power unfettered access to consumer electronics across the world, enabling users to maximize their potential with the experiences provided by these devices. We are thrilled to have the support of our investors, and we look forward to using this funding to enhance our platform and provide even more value to our customers.  According to Josh Nzewi, CEO and co-founder of Eze, ” Our goal remains to become the go-to destination for B2B buyers and sellers in the electronics industry, especially in emerging markets, and this investment will help us achieve that goal,”.

With the additional funding, the company will be able to grow into new markets in South America, Europe, and Africa as well as further enhance its technological infrastructure.

 

Read more on Tech Gist Africa:

Termii, a Nigerian communications startup, has secured a $3.65 million funding round

Haul247, a Nigerian logistics tech startup, has received $3 million in seed funding

Helium Health, a Nigerian healthtech startup, has raised $30 million in a Series B funding round

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