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July 19, 2021

Nigerian investment platform Chaka raises $1.5m in pre-seed funding

By Verdict Staff

Nigerian investment platform Chaka, which aims to digital investments for businesses across Africa, has raised $1.5m in pre-seed funding round led by Breyer Capital .

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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by GlobalData
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The round was also joined by Golden Palm Investments, Seedstars, 4DX Ventures, Musha Ventures and Future Africa.

Chaka partners with asset managers, financial technology firms, and regulators to facilitate digital investment for individuals and businesses.

The company said the fresh capital infusion will enable it to focus on its strategy to build a roster of partners and expand its footprint to other markets within West Africa.

It also plans to hire top talent and integrate more advanced functionalities into its investment and wealth management solutions with the new capital.

Chaka said in a statement: “This is a significant milestone for us at Chaka and we could not have come this far without our users, partners, early investors, and a talented, achieving team of Chaka Champions.”

Breyer Capital CEO Jim Breyer said: “We are proud to align ourselves with a company that is levelling the investment playing field for Nigerians and Africans at large.

“We’re confident in the value Chaka provides through its digital tools, and we look forward to playing our part in supporting Tosin, Bo, Olaolu and the Chaka team.”

In May last year, SimCorp, a provider of investment management solutions, established on the ground presence in South Africa.

The move was aimed at offering modular front-to-back solutions and managed services to local asset managers, state pension funds, and sovereign wealth funds in the country.

In 2018, Egyptian investment bank EFG Hermes agreed to acquire Nigerian brokerage and research firm Primera Africa.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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