What is Alerzo?
Headquartered in Ibadan, Nigeria, Alerzo operates a comprehensive full-stack technology platform designed to streamline the supply chain and logistics for informal retailers. The company provides essential warehousing and fulfillment solutions to suppliers, coupled with efficient storefront delivery services to a vast network of informal retailers. By leveraging technology, Alerzo aims to bridge the gap in the traditional retail ecosystem, enhancing efficiency and accessibility for businesses across Nigeria.
How much funding has Alerzo raised?
Alerzo has raised a total of $16M across 2 funding rounds:
Angel/Seed
$5.5M
Series A
$10.5M
Angel/Seed (2020): $5.5M with participation from The Baobab Network and Signal Hill
Series A (2021): $10.5M led by Nosara Capital and FJ Labs
Key Investors in Alerzo
The Baobab Network
The Baobab Network is an accelerator focused on early-stage African startups, providing funding and support to help founders scale their ventures and achieve significant follow-on investment.
Signal Hill
Signal Hill is an independent advisory boutique specializing in M&A and private capital raising for growth companies, with a particular focus on the technology, media, and telecommunications sectors.
Nosara Capital
Nosara Capital is a venture capital firm that invests globally in online marketplace businesses, aiming to support innovative companies in this sector.
What's next for Alerzo?
With substantial enterprise-level backing and a recent strategic investment, Alerzo is poised for accelerated expansion and operational enhancement. The company's focus on building a robust supply chain infrastructure for informal retailers positions it for significant growth within the African market. Future developments are likely to involve scaling its logistics network, expanding its technological capabilities, and potentially entering new geographic markets to further solidify its position as a leader in African retail tech.
See full Alerzo company page
