Deal Street

African Startup Funding Tracker

$762,170,250+

*Data updated daily at 18:00 EAT

Nigerian Startup Taeillo Raises USD 2.5 Mn Funding To Scale
Nigerian Startup Taeillo Raises USD 2.5 Mn Funding To Scale

Taeillo, a Lagos-based startup innovating around these issues relating to time, quality, and cost via its online furniture e-commerce store, has raised USD 2.5 Mn in expansion funding from Aruwa Capital, a Nigeria-based early-stage growth equity and gender-lens fund. 

Founded in 2018, the online furniture seller sources raw materials from local suppliers and manufactures furniture pieces, from sofas and beds to chairs and tables, which it sells to individual customers and businesses. Taeillo intends to use the funding to reduce delivery times to about three-five days by pre-manufacturing some of its best-selling furniture instead of waiting till customers make orders before starting production.