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Nigerian Startup Autochek Raises $3.4M to Bring African Car Sales and Services to the Online Market

Nigeria-based startup Autochek is looking to bring its car sales and services platform from Africa to the online community. Autochek’s platform — which is managed by a developer team in Lagos and Nairobi — in short, is a network for consumers and businesses to buy, sell, and service cars as well as finance car sales.   View this post on Instagram   A post shared by Autochek Nigeria (@autochekng) According to TechCrunch, the newly-launched company recently closed a $3.4 million pre-seed round co-led by VC firms TLcom Capital and 4DX ventures to help accomplish its main goal as an innovative venture. Other firms such as Golden Palm Investments, Lateral Capital, MSA Capital, and Kepple Africa Ventures also joined the investment round. The funding round comes off the heels of its September acquisition of digital car sales marketplace Cheki in Nigeria and Ghana, TechCrunch reports. It also comes after the recent departure of CEO Etop Ikpe from Cars45, a startup he co-founded in 2016....

Njera Perkins

Nov 30, 2020