BetaStore
OperatingBetaStore is a B2B marketplace platform solving the challenges of restocking and financing for neighborhood retailers.
- Retail
- Lagos, Nigeria
- Seed
- Founded 2020
- betastore.co ↗
- Total raised
- $3.2M
- disclosed
- Last round
- $2.5M
- Seed
- Rounds
- 3
- since 2020
- Investors
- 8
- on record
- Employees
- 51-200
About BetaStore
African food supply chain is complex and inefficient. There are more than 10 million informal retail outlets representing more than 90% of the total trade of essential goods. In Lagos alone, there are more than 200,000 outlets selling more than $2 billion worth of goods. BetaStore gives better access to informal retailers to the widest assortment of goods at wholesale price and delivers to their stores. The retailers don't need to close their shops to go to the open markets and visit tens of suppliers to source for basic goods.
BetaStore funding3 rounds
All 3 rounds →BetaStore has raised $3.2M across 3 disclosed rounds. The latest is a $2.5M Seed announced 29 May 2022.
- $700KSeedSeed, $700K, $700K raised to date
- $2.5MSeedSeed, $2.5M, $3.2M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in BetaStore
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 29 May 2022 | BetaStore Seed | VestedWorld +2 | $2.5M |
| 01 Mar 2021 | BetaStore Seed | Loyal VC +4 | $700K |
| 01 Nov 2020 | BetaStore Non-equity Assistance | Newchip | Not disclosed |
BetaStore founders & team
- Steve Dakayi-KamgaCo-founder
BetaStore competitorssame sector · similar funding
- AfrikamartDakar, Senegal
- LifestoresLagos, Nigeria
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Frequently asked about BetaStore
- Where is BetaStore based and when was it founded?
- BetaStore is headquartered in Lagos, Nigeria and was founded in 2020.
- Who founded BetaStore?
- BetaStore was founded by Steve Dakayi-Kamga (Co-founder).
- How much funding has BetaStore raised?
- BetaStore has raised $3.2M across 3 disclosed rounds. Its latest, a $2.5M Seed, was announced on May 29, 2022.
- Who has invested in BetaStore?
- Backers include VestedWorld, Loyal VC, 500 Global, Sankore Securities and 4 others.
- What sector is BetaStore in?
- BetaStore operates in Retail, Ecommerce and B2B.
