Fez Delivery, a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ventures and other angel investors.
Founder and CEO Seun Alley, in a statement, said the company plans to use the seed investment to deepen its work in Nigeria (which has a $10 billion transport and logistics market) while it considers expansion — from Q4 2023 — into other African markets, including Ghana, Kenya and South Africa. The startup also intends to improve its technology and operation efficiency, hire more talent and increase its marketing spend.
Alley, who worked for over a decade in Nigeria’s banking sector and later in startups such as OPay and Bloc, founded Fez Delivery in 2020. It was a spin-off from a B2B janitorial service and side hustle she opened two years prior. While running the business, Alley received several complaints from her customers regarding the janitors: Although…
