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African Startup Funding Tracker

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Senegalese B2B Marketplace Kwely Raises USD 1 Mn Seed Round
Senegalese B2B Marketplace Kwely Raises USD 1 Mn Seed Round

Senegalese startup Kwely, a B2B wholesale distribution marketplace for “Made in Africa” products, has raised a USD 1 Mn seed round of funding from WIC Capital, LoftyInc Capital Management, Haskè Ventures, and other notable investors. The new round of funding will be used to support Kwely’s marketing and distribution efforts. 

The startup focuses on the development of existing and new brands with local suppliers in order to get to export-ready status, a proprietary platform to support B2B wholesale transactions on the global market, and a packaging studio to provide the services needed to deliver products that meet international standards.