2 years ago

Fez Delivery Raises $1 Million in Seed Funding Led by Ventures Platform

  • Fez Delivery, a Lagos-based last-mile delivery platform operating across all 36 Nigerian states, has secured $1 million in seed funding

  • The round was led by Nigeria's discovery fund Ventures Platform, with participation from Egyptian venture capital firm Acasia Ventures

  • Fez aims to address the fragmented delivery ecosystem in Nigeria by offering flexible pricing based on distance and item type, catering to individuals, SMEs, and corporations

  • The company has a customer base of over 11,000 and has completed over 500,000 orders to date.

      • ProblemLogistics

      "In Nigeria, large logistics companies focus on major cities, leaving SMEs with limited and expensive delivery options, especially in rural areas. This hinders their ability to compete with national players."

      Solution

      "Fez Delivery provides a last-mile delivery service across all 36 Nigerian states, offering flexible pricing based on distance and item type. This enables SMEs to access affordable and reliable delivery services, expanding their reach and competitiveness."

      Covered on