Monday, September 1, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

Maad, a Senegalese logistics platform, has raised $3.2 million in seed funding

Tech Gist Africa by Tech Gist Africa
05/23/2024
in Funding, Logistics, News - West Africa
0 0
1
Maad Senegal

Maad Senegal

0
SHARES
Share on FacebookShare on Twitter

Maad, a Senegalese logistics platform for informal retailers, received US$3.2 million in seed funding to expand domestically and globally while also launching new products.

Ventures Platform led the round of seed funding, which included debt and equity. Seedstars International Ventures, Reflect Ventures, OuiCapital, Launch Africa, Voltron Capital, and Alumni Ventures also participated. Local banks and Proparco took part in the loan financing.

Fast-moving consumer goods (FMCG) vendors and retail businesses are directly connected by Maad. Its tech-driven solution enables retailers to order products from a one-stop shop with dependable delivery, competitive prices, and working capital loans.

Using this distribution infrastructure, the platform provides brands with extra high-value services including data, software, advertising, distribution, and market research services.

“Among startups operating in this space, Maad benefits from a clear first-mover advantage in Sub-Saharan Francophone Africa. We often say this is a blue ocean. As the fastest-growing player in the region, we are well-positioned to maintain our leadership and continue driving transformation in this underserved market,” said Sidy Niang, co-founder and CEO of Maad.

Despite operating close to breakeven, the company has already hit several noteworthy milestones, such as working with over 80 suppliers, providing a catalog of over 1,000 SKUs of household names, and generating a monthly GMV of US$3 million. 

Maad intends to utilize the funding to start in a second Francophone African nation, provide financial services like “buy now, pay later” via a digital wallet, and further penetrate and dominate the Senegalese market.

 

Read more on Tech Gist Africa: 

Logidoo, a Senegalese logistics marketplace, has raised $1.5 million in funding

ProXAlys, a retail technology startup based in Senegal, secures a $500k funding round

Africa REN receives $35 million in funding for its Senegalese storage project

 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

GITEX Nigeria 2025
Events

GITEX Nigeria 2025: A Landmark Event for Africa’s Digital Future

by Tech Gist Africa
09/01/2025
0

Nigeria is set to host the inaugural GITEX Nigeria from September 1–4, 2025, marking a significant milestone in the nation's...

Read more
Agriculture Africa

Ghana to Become Africa’s First AI-Powered Agricultural Hub with $100M Japanese Investment

09/01/2025
Munify Egypt

Munify Secures $3M Seed Funding to Revolutionize Cross-Border Banking for Egyptians Abroad

09/01/2025
Uncovered Fund and Monex Ventures

Uncovered Fund and Monex Ventures have launched a $20M Fund

09/01/2025
Hypeo AI Morocco

Hypeo AI Secures Strategic Investment to Transform Influencer Marketing in Africa and the Middle East

09/01/2025
Next Post
Funding Africa startup

Accion launches $152.5 million Digital Transformation Fund to help small businesses expand

OpenseedVC

OpenseedVC makes its debut with the first close of its $10 million fund

Microsoft Build 2024

Here is everything Microsoft Announced at Build 2024

Comments 1

  1. Pingback: Maad, a Senegalese logistics platform, has raised $3.2M in funding - Africapost
No Result
View All Result

The Big 5

ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

by Tech Gist Africa
09/01/2025
0

...

startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

by Tech Gist Africa
09/01/2025
0

...

Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

by Tech Gist Africa
09/01/2025
0

...

Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

by Tech Gist Africa
09/01/2025
0

...

African tech ecosystem

Africa’s Growing Role in Global Tech Partnerships: Collaboration with Silicon Valley and Beyond

by Tech Gist Africa
08/25/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.