What is Vendease?
Founded in Nigeria, Vendease operates as a sophisticated online marketplace that bridges the gap between food businesses and the primary supply chain. By enabling direct procurement from manufacturers and farms, the platform eliminates unnecessary intermediaries, thereby reducing costs and ensuring supply chain transparency. Vendease is currently scaling its operations to address the complexities of food logistics, leveraging technology to provide reliable, data-driven procurement solutions. Its market position is defined by its dual focus on supporting local agricultural producers while empowering restaurant owners with consistent, high-quality inventory management tools.
How much funding has Vendease raised?
Vendease has raised a total of $33.2M across 3 funding rounds:
Angel/Seed
$3.2M
Debt
$10M
Series A
$20M
Angel/Seed (2021): $3.2M with participation from Global Founders Capital, John Obaro, Magic Fund, and Tayo Oviosu
Debt (2022): $10M, investors not publicly disclosed
Series A (2022): $20M supported by VentureSouq, TLcom Capital, and Partech
Key Investors in Vendease
Global Founders Capital
Global Founders Capital is a global early-stage investor that empowers gifted entrepreneurs by backing them from pre-seed to IPO, focusing on category-defining ventures.
VentureSouq
VentureSouq is a MENA-based venture capital fund manager that empowers visionary founders building transformative tech companies with a focus on FinTech and ClimateTech.
Partech
Partech is a company specializing in developing core technologies for innovative products, providing strategic support to high-growth ventures.
What's next for Vendease?
With the infusion of this latest capital, Vendease is poised to accelerate its expansion strategy, focusing on deepening its technological infrastructure and broadening its geographic footprint. The company is expected to prioritize the enhancement of its logistics network and the integration of advanced supply chain analytics to further optimize delivery timelines. As Vendease transitions into a more mature growth phase, the focus will likely shift toward achieving greater economies of scale and solidifying its dominance in the regional food-tech ecosystem. Continued investment in talent acquisition and platform scalability will be essential as the firm navigates the challenges of scaling in emerging markets.
See full Vendease company page
