Aruwa backs Taeillo; Gridless, Justyol get early-stage funding - The Capital Quest

Aruwa Capital, an early-stage maturation equity and sex lens money investing successful Nigeria and Ghana, said Monday it has invested successful Taeillo, a technology-enabled furnishings company.

Taeillo manufactures and retails wide marketplace and premium Afrocentric furnishings and manner products crossed assorted merchandise categories. It sells straight to its B2C and B2B customers done its e-commerce platform.

Founded successful 2018 by Jumoke Dada, Taeillo launched arsenic a customized furnishings decorator serving its B2B clientele. However, successful 2020, arsenic COVID-19 pandemic raged, the institution entered the B2C abstraction with the motorboat of the Amakisi table. Since then, it has expanded into 10 further merchandise categories and into East Africa, to conscionable increasing demand.

The institution has besides incorporated augmented world and virtual world exertion into its e-commerce level to heighten customers’ buying experience. Taeillo is present contiguous successful 2 African countries: Nigeria and Kenya, shipping astir 10,000 pieces of furnishings to implicit 5,000 customers successful Nigeria and Kenya.

Justyol

Moroccan e-commerce task Justyol has raised a follow-on backing of $350,000 successful a pre-seed circular from Earn Rocket Investment Holding. This comes 4 months aft it raised $100,000 from the aforesaid investor.

Founded earlier this twelvemonth by Ahmed Badran and Ahmed Rashed, Justyol is simply a cross-border, fashion-focused marketplace.

The steadfast said it volition usage the concern to make its method capabilities, enlarge its selling activities and program for the adjacent enlargement determination successful the region.

Gridless

Kenyan bitcoin mining institution Gridless has raised $2 cardinal successful effect backing led by bitcoin-focused VC steadfast Stillmark and Twitter laminitis Jack Dorsey’s integer payments steadfast Block, Inc., with information from Factor[e], which had led the pre-seed round.

Cofounded successful aboriginal 2022 by Janet Maingi, Erik Hersman and Philip Walton, Gridless is engaged successful bitcoin mining successful concern with tiny renewable vigor producers.

Gridless serves arsenic the anchor tenant, financing the operation and managing the cognition of information centres successful agrarian communities wherever accepted concern oregon commercialized customers are not available. In its archetypal year, Gridless has contracted 5 task pilots successful agrarian Kenya with HydroBox, an African hydroelectric vigor company, 3 of which are presently operational. The institution plans to grow to different geographies successful East Africa successful the adjacent future.