*Data updated daily at 18:00 EAT
Egypt-based VC firm Acasia Ventures has led a pre-Seed investment round in Senegal-based SaaS startup Lengo AI, co-led by Ventures Platform and joined by P1 Ventures, Launch Africa, Voltron Capital and a number of other VCs and angel investors.
Lengo AI is a data-driven operating system for informal retail in Africa. It aims to provide intelligence and highly actionable insights to FMCG brands coming from the thousands of corner shops that make up 90% of purchases across the continent. The software-as-a-service platform uses a hybrid approach of Lengo Eagles (field agents) and AI to connect retailers and FMCG companies with real-time performance data on the sales of products.