2 years ago

Nama Ventures Invests in Nigerian Startups Messenger and Termii

  • Saudi Arabia-based Nama Ventures led a pre-Seed round for Nigerian logistics startup Messenger and participated in a $3.6 million round for Termii, a customer engagement solutions provider

  • Messenger, founded in 2018, aims to digitize the retail supply chain in Nigeria through its end-to-end logistics platform

  • Termii, a YCombinator-backed startup, offers a communication platform-as-a-service (CPaaS) platform

  • Other investors in Messenger's round include Aidi Ventures and angel investors

  • Termii's round included Fintech Collective, Launch Africa Ventures, Aidi Ventures, Ralicap Ventures, Now Venture Partners, Vastly Valuable Ventures, NOA Capital, Assembly Investors, Probability Ventures, Adamantium Fund, MyAsia VC, Uncovered Fund, and Afropreneur Angel Group.

      • ProblemTechnology

      "Businesses in Nigeria struggle with inefficient and unreliable logistics, making it difficult to reach customers and manage their supply chains."

      Solution

      "Messenger provides an end-to-end logistics platform that digitizes the retail supply chain in Nigeria, offering businesses a reliable and efficient way to manage deliveries and reach their customers."

      Covered on