Sokowatch raises $14m and eyes platform expansion

Kenya-based B2B e-commerce startup Sokowatch has raised $14 million in Series A funding.

The venture connects Africa’s informal retailers to local and multinational suppliers.

The funding round was led by Quona Capital, with Vertex Ventures, 4DX Ventures, Timon Capital, Amplo, and Breyer Capital also participating. It follows a $2 million seed round in 2018.

Sokowatch’s CEO, Daniel Yu says that the cash will enable the company to expand its client services from working capital to data analytics, as well as boost its digital platform’s expansion into new African markets.

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