Tech Company Financing Transactions
Autochek Funding Round
Autochek, based in Lagos, secured $13.1 million from 4DX Ventures, TLcom Capital and ASK Partners.
Transaction Overview
Company Name
Announced On
11/3/2021
Transaction Type
Venture Equity
Amount
$13,100,000
Round
Seed
Investors
4DX Ventures (Lead Investor) (Walter Baddoo)
TLcom Capital (Lead Investor) (Andreata Muforo)
Proceeds Purpose
It plans to inject the new capital into bolstering its auto loan processing platform, deepen its footprint in West Africa and, ultimately, leverage Toyota Tsusho's vast retail network across 54 African countries to deepen its expansion further.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1 Sylvia Crescent Anthony Village
Lagos, 105102
Nigeria
Lagos, 105102
Nigeria
Phone
Website
Email Address
Overview
Autochek Africa is an Automotive Technology development company that builds solutions aimed at enabling and enhancing commerce within the automotive sector. We focus on solutions that improve access to Auto loans, quality maintenance / aftersales services, warranty solutions, and transactional marketplaces.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Etop Ikpe
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We do our best to document every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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