Sabi
OperatingSabi is a merchant aggregation platform that digitizes key processes towards accelerating offline trade in frontier markets.
- E-Commerce
- Lagos, Nigeria
- Series B
- Founded 2020
- sabi.am ↗
- Total raised
- $64M
- disclosed
- Last round
- $38M
- Series B
- Rounds
- 5
- since 2020
- Investors
- 11
- on record
- Employees
- 51-200
About Sabi
Sabi is a Nigerian merchant aggregation platform that digitizes key processes towards accelerating offline trade in frontier markets. The platform's growing set of tools include the provision of digital ledgers for cash management, wholesale B2B ecommerce interfaces, group buying and logistical fulfillment - all with the objective of increasing incomes for African micro, small and medium sized enterprises (MSMEs).
Sabi funding5 rounds
All 5 rounds →Sabi has raised $64M across 5 disclosed rounds. The latest is a $38M Series B announced 19 May 2023.
- $6MBridgeBridge, $6M, $6M raised to date
- $20MVentureVenture, $20M, $26M raised to date
- $38MSeries BSeries B, $38M, $64M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Who has invested in Sabi
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 19 May 2023 | Sabi Series B | CommerzVentures +5 | $38M |
| 11 Apr 2022 | Sabi Venture | Norrsken22 | $20M |
| 25 Nov 2021 | Sabi Bridge | CRE Venture Capital +3 | $6M |
| 30 Aug 2021 | Sabi Seed | CRE Ventures +3 | Not disclosed |
| 01 Jan 2021 | Sabi Funding Round | LoftyInc Capital Management | Not disclosed |
Sabi founders & team
Full team →- Anu AdasolumFounder & CEO
- Ademola AdesinaCo-Founder, Director
- Afolashakin AjayiHead of Product
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Frequently asked about Sabi
- Where is Sabi based and when was it founded?
- Sabi is headquartered in Lagos, Nigeria and was founded in 2020.
- Who founded Sabi?
- Sabi was founded by Anu Adasolum (Founder & CEO) and Ademola Adesina (Co-Founder, Director).
- Who is the CEO of Sabi?
- Anu Adasolum is Sabi's Founder & CEO.
- How much funding has Sabi raised?
- Sabi has raised $64M across 5 disclosed rounds. Its latest, a $38M Series B, was announced on May 19, 2023.
- Who has invested in Sabi?
- Backers include CommerzVentures, Norrsken22, Fluent Ventures, Proof VC and 7 others.
- What sector is Sabi in?
- Sabi operates in E-Commerce, B2B and Information Technology and Services.
