June 8, 2022
Short Saveall: Nigerian startup Klasha receives an additional $2.1 million for its cross-border trading game – TechCrunch
Based in Lagos and San Francisco, klasha received an additional $2.1 million to complete its $4.5 million seed round. The startup, which provides various products for the cross-border trade space in Africa, has raised this new funding from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express.
This investment is AMEX Ventures’ first investment in an African startup. The company co-led the round with Global Ventures, the MENA-focused VC that has supported companies such as Tabby, Helium Health and Paymob. “I think the fact that AMEX is now investing on the mainland, especially after investing in companies like Stripe, is really powerful,” said Klasha CEO Jessica Anuna to TechCrunch, adding that Global Ventures’ entry is also notable for the company.
Investors from its first initial tranche, such as Greycroft, Seedcamp, Plug and Play, Berrywood Capital and Breega all doubled.