202123 Nov

Nigerian MaaS startup Treepz closes $2.8M seed round to fund East African expansion –

Summary

While the terms of the deal were not disclosed, Onyeka Akumah, CEO and co-founder of Treepz, told TechCrunch that the acquisition was funded with a recent $1.5 million raise that acted as an extension to a previous seed round. Finally, Treepz has recently introduced corporate bookings, providing transportation services for businesses. When Treepz Uganda launches this week, it’ll start with intercity and corporate services. “We will look at the opportunity of doing Daily Treepz there in the future, but for now it’s easier for us to launch there with what we already have and what the team is already used to,” said Akumah. “Treepz is building the most important mobility infrastructure in Africa’s megacities,” Takuma Terakubo, CEO and general partner of Uncovered Fund, said in a statement.

Source: Techcrunch

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