Maad
OperatingMaad is Francophone Africa's fastest growing B2B e-commerce player.
- Marketplace
- Dakar, Senegal
- Seed
- Founded 2020
- maad.io ↗
- Total raised
- $3.9M
- disclosed
- Last round
- $900K
- Debt Financing
- Rounds
- 6
- since 2020
- Investors
- 8
- on record
- Employees
- 51-200
Maad funding and investors
Maad has raised $3.9M across 6 disclosed rounds. The latest is a $2.3M Seed announced 13 May 2024, led by Ventures Platform.
- Lead investors
- 3
- Largest round
- $2.3M
- Average round
- $985K
- disclosed rounds
- Round cadence
- 6 mo
- average gap
- $530KPre-seedPre-seed, $530K, $530K raised to date
- $210KDebt FinancingDebt Financing, $210K, $740K raised to date
- $900KDebt FinancingDebt Financing, $900K, $1.6M raised to date
- $2.3MSeedSeed, $2.3M, $3.9M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Maad funding rounds6 · newest first
- Seed$2.3M
13 May 2024 · led by Ventures Platform
- Debt Financing$900K
13 May 2024 · led by Proparco
- SeedUndisclosed
01 Oct 2023 · led by Ventures Platform
- SeedUndisclosed
24 Aug 2023
- Debt Financing$210K
16 Jun 2023 · led by Proparco
- Pre-seed$530K
04 Nov 2021
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 13 May 2024 | Seed | Ventures Platform · Voltron Capital, Seedstars, Reflect Ventures, Oui Capital, Launch Africa, Alumni Ventures | $2.3M |
| 13 May 2024 | Debt Financing | Proparco | $900K |
| 01 Oct 2023 | Seed | Ventures Platform | Undisclosed |
| 24 Aug 2023 | Seed | Investors not disclosed | Undisclosed |
| 16 Jun 2023 | Debt Financing | Proparco | $210K |
| 04 Nov 2021 | Pre-seed | Oui Capital, Launch Africa, Alumni Ventures | $530K |
Investors in Maad8 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| ProparcoVenture Capital | Lead in all 2 | Debt Financing | Jun 2023 |
| Ventures PlatformVenture Capital | Lead in all 2 | Seed | Oct 2023 |
| Alumni VenturesVenture Capital | Lead in 1 of 2 | Pre-seed, Seed | Nov 2021 |
| Oui CapitalVenture Capital | Participant | Pre-seed, Seed | Nov 2021 |
| Launch AfricaPrivate Equity | Participant | Pre-seed, Seed | Nov 2021 |
| Voltron CapitalVenture Capital | Participant | Seed | May 2024 |
| SeedstarsVenture Capital | Participant | Seed | May 2024 |
| Reflect VenturesVenture Capital | Participant | Seed | May 2024 |
Frequently asked about Maad
- How much funding has Maad raised?
- Maad has raised $3.9M across 6 disclosed rounds. Its latest, a $2.3M Seed, was announced on May 13, 2024.
- Who has invested in Maad?
- Backers include Ventures Platform, Voltron Capital, Seedstars, Reflect Ventures and 4 others.
Profile updated Source: SLA Startup IndexHow we count →
