Tech Company Financing Transactions
Mecho Autotech Funding Round
Mecho Autotech, operating out of Lagos, scored $2.4 million from Global Brain, Uncovered Fund and Ventures Platform.
Transaction Overview
Company Name
Announced On
9/14/2023
Transaction Type
Venture Equity
Amount
$2,400,000
Round
Seed
Investors
Proceeds Purpose
This Funding will be used to grow its after-sales spare parts value chain. Similarly, the business will double down on wholesale distribution of these parts with its current pre-Series A investment.
Company Information
Company Status
Private & Independent
Industry
Defense
Mailing Address
Number 4, Harvey Road Yaba
Lagos, 101245
NG
Lagos, 101245
NG
Phone
Website
Email Address
Overview
Mecho Autotech is a digital technology driven platform for vehicle repair and maintenance needs. Developer of an on-demand auto repair and maintenance platform designed for individuals and businesses in Africa. The company's platform allows registering and signing up for products and services to schedule maintenance and pairs technicians from a network of certified mechanics and automobile technicians, enabling customers to get seamless vehicle maintenance, inspection, and repair services in an easy and hassle-free manner.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Olusegun Owoade
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We report on every notable VC transaction. VC investment data records 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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