Kenyan Business-to-Business (B2B) e-commerce startup, Sokowatch, which operates in Kenya, Rwanda, Tanzania, and Uganda, has raised $14 million in Series A funding led by Quona Capital, with participation from Amplo, Breyer Capital, Vertex Ventures, Timon Capital and existing investor 4DX Ventures.
According to the company’s CEO Daniel Yu, Sokowatch plans to use the latest funding to broaden its client services, from working capital to data analytics, and target new African markets. “We’re looking to build out the largest B2B e-commerce network across Africa,” he told TechCrunch.
The funding brings Sokowatch’s total funding to date to $18.5 million, since its launch in June 2013. In this Techloy infographic, we track the timeline of Sokowatch’s funding to date.