Tech Company Financing Transactions
Peach Cars Funding Round
Peach Cars, operating out of Nairobi, secured $5 million from UTEC and private investors.
Transaction Overview
Company Name
Announced On
6/15/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
UTEC (Lead Investor)
private investors (Hiroaki Ohta)
private investors (Peter Kenevan)
private investors (Shintaro Yamada)
Proceeds Purpose
The Company will use the funds to grow the business, hire more talent and double down on R&D as it expands its tech solutions.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Ikigai Westlands General Mathenge Drive
Nairobi, 00606
KE
Nairobi, 00606
KE
Phone
Website
Email Address
Overview
Peach is building the infrastructure to power improved trust, transparency, and customer experience in the growing used-vehicle market across Sub-Saharan Africa to revolutionize car ownership. We opened our doors in November 2020 with the intention of building a solution for those looking to buy and sell vehicles -- whole information on vehicles, quick, secure, and hassle-free transactions. We have since added additional services, including vehicle servicing and maintenance and more, where we create value for our customers through best-in-class information sharing and customer service. We have 200+ happy past customers, and are being backed by global investors to grow our business.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kaoru Kaganoi
Chief Operating Officer
Zachary Petroni
Browse more venture capital transactions:
Prev: 6/14/2023: 4Trans venture capital transaction
Next: 6/15/2023: Telmai venture capital transaction
Share this article
About Database of VC Transactions
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs