US-based VC firm backs Nigerian e-commerce company

GreenTec Capital Partners has reported that Pricepally was selected to receive funding and support from US-based venture capital firm SOSV.

Pricepally, a GreenTec portfolio company, is a Nigeria-based e-commerce start-up focusing on connecting producers in the agricultural value chain with consumers. The company’s platform helps users access savings through efficient and convenient bulk purchases for individual users or in groups for added savings. The company is currently active in Lagos, Abuja, and Port Harcourt.

Pricepally was one of three African companies selected for 10 slots in SOSV’s cross-border programme along with Egypt’s DXwand, and Kenya’s MarketForce. Each company will receive around $150,000 in seed funding as well as capacity building, mentorship and network support.

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