Logistics Startup Maad Raises $3.2 Million to Transform Francophone Africa’s Retail Market
- Maad, a tech & logistics platform for informal retailers, raised a $3.2 million seed funding round.
- The funding round was led by Ventures Platform and included participation from Seedstars International Ventures, Reflect Ventures, OuiCapital, Launch Africa, Voltron Capital, and Alumni Ventures.
- Maad plans to expand in Senegal, introduce financial services, and launch in another country in Francophone Africa.
Maad's innovative tech and logistics platform has the potential to transform the retail landscape in Francophone Africa. With their first-mover advantage, strong partnerships, and focus on profitability, Maad is well-positioned to drive significant economic impact and create lasting positive change for small business owners and consumers in the region.
