Traction

Traction Seed

Funding Round
TractionAugust 1, 20233y ago

Amount Raised

$6M

Date Announced

Aug 01, 2023

3y ago

Disclosed Investors

3

2 lead

Linked Sources

1

Traction Seed round record, dated Aug 01, 2023, amount listed $6M, 3 disclosed investors.

Notes

“Traction stands out as more than a payment processor, it is an indispensable growth partner to Nigerian SMEs. The company’s industry-specific software, including its financial services marketplace, offers relevant business solutions, affordable capital, and insurance. We’re excited about the team’s ability to continue delivering product innovation, and Traction’s potential to unlock immense value for SMEs, which are the bedrock of Africa’s economy,” said Dotun Olowoporoku, general partner at Ventures Platform.

Disclosed Investors (3)
Lead Investors
MU

Venture Capital

Participating
P1 Ventures

Venture Capital

Record Details
Date announced
August 1, 2023
Round
Seed
Amount raised
$6,000,000
Pre-money valuation
Post-money valuation
Disclosed investors
3
Lead investors
2
Linked sources
1