What is Orda?
Orda is dedicated to revolutionizing the African food industry by providing a comprehensive, cloud-based operating system designed specifically for local chefs and food business owners. Based in Lagos, Nigeria, the company aims to address the unique challenges and opportunities within the continent's diverse culinary landscape. By offering a robust technological backbone, Orda empowers entrepreneurs to streamline operations, enhance customer engagement, and scale their businesses effectively. The company's focus on the African market positions it as a key player in the region's digital transformation of the food sector.
How much funding has Orda raised?
Orda has raised a total of $4.5M across 2 funding rounds:
Other Financing Round
$1.1M
Angel/Seed
$3.4M
Other Financing Round (2022): $1.1M with participation from Techstars Boulder, Hustle Fund, Norrsken Foundation, and MAGIC Fund
Angel/Seed (2022): $3.4M led by Outside VC, LoftyInc Capital, Quona Capital, Enza Capital Management, Norrsken Foundation, Far Out Ventures, and FinTech Collective
Key Investors in Orda
LoftyInc Capital
LoftyInc Capital is an impact-focused venture firm that leverages global partnerships to invest in African technology innovations, supporting entrepreneurs solving significant problems across the continent.
Quona Capital
Quona Capital is a venture firm specializing in fintech for inclusion in emerging markets, with a global team supporting companies that expand access for underserved consumers and small businesses.
Enza Capital Management
Enza Capital is a multi-stage venture investor focused on high-growth African founders leveraging technology across sectors like fintech, logistics, and education.
What's next for Orda?
With the recent major strategic investment, Orda is poised for accelerated growth and market penetration. The company's trajectory suggests a focus on scaling its operations across more African markets, enhancing its platform's features to meet evolving user needs, and potentially forging new partnerships within the food ecosystem. This latest round of financing, following previous capital injections, indicates a strong belief in Orda's business model and its potential to become a dominant force in African food tech. Future developments will likely center on expanding its user base, refining its technology, and solidifying its position as an indispensable tool for food entrepreneurs on the continent.
See full Orda company page
