Traction
OperatingTraction Apps is a one stop platform for small businesses to accept payments, run their businesses and access capital for growth.
- Information Technology & Services
- Ikoyi, Nigeria
- Seed
- Founded 2018
- tractionapps.co ↗
- Total raised
- $10M
- disclosed
- Last round
- $6M
- Seed
- Rounds
- 3
- since 2018
- Investors
- 12
- on record
- Employees
- 51-200
Traction funding and investors
Traction has raised $10M across 3 disclosed rounds. The latest is a $6M Seed announced 01 Aug 2023, led by Ventures Platform.
- Lead investors
- 3
- Largest round
- $6M
- Average round
- $5M
- disclosed rounds
- Round cadence
- 12 mo
- average gap
- $4MSeedSeed, $4M, $4M raised to date
- $6MSeedSeed, $6M, $10M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Traction funding rounds3 · newest first
- Seed$6M
01 Aug 2023 · led by Ventures Platform
- Seed$4M
28 Feb 2022 · led by SPG Holdings
- Pre-seedUndisclosed
01 Aug 2021
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 01 Aug 2023 | Seed | Ventures Platform · P1 Ventures, Multiply Partners | $6M |
| 28 Feb 2022 | Seed | SPG Holdings · Ventures Platform, Savantus Ventures, Renaissance Capital, Outlierz Ventures, Luno, Golden Palm Investments, First circle capital, EchoVC Partners, DCG Expeditions | $4M |
| 01 Aug 2021 | Pre-seed | Ventures Platform | Undisclosed |
Investors in Traction12 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| Ventures PlatformVenture Capital | Lead in 1 of 3 | Pre-seed, Seed | Aug 2021 |
| SPG HoldingsVenture Capital | Lead | Seed | Feb 2022 |
| Multiply PartnersVenture Capital | Lead | Seed | Aug 2023 |
| Savantus VenturesVenture Capital | Participant | Seed | Feb 2022 |
| Renaissance CapitalVenture Capital | Participant | Seed | Feb 2022 |
| Outlierz VenturesVenture Capital | Participant | Seed | Feb 2022 |
| LunoVenture Capital | Participant | Seed | Feb 2022 |
| Golden Palm InvestmentsVenture Capital | Participant | Seed | Feb 2022 |
| First circle capitalVenture Capital | Participant | Seed | Feb 2022 |
| EchoVC PartnersVenture Capital | Participant | Seed | Feb 2022 |
| DCG ExpeditionsPrivate Equity | Participant | Seed | Feb 2022 |
| P1 VenturesVenture Capital | Participant | Seed | Aug 2023 |
Frequently asked about Traction
- How much funding has Traction raised?
- Traction has raised $10M across 3 disclosed rounds. Its latest, a $6M Seed, was announced on Aug 01, 2023.
- Who has invested in Traction?
- Backers include Ventures Platform, P1 Ventures, Multiply Partners, SPG Holdings and 8 others.
Profile updated Source: SLA Startup IndexHow we count →
