Mecho Autotech
PrivateLast Round
Seed
Sep 14, 2023
Total Funding Raised
$4.55M
Company Overview
Mecho Autotech is a Nigerian technology company founded in 2021 that operates in the automotive after-sales market. The company provides a platform connecting vehicle owners, including individuals and businesses with fleets, to a network of vetted mechanics and workshops for repair and maintenance services. Initially focused on aggregating repair services, Mecho Autotech has expanded its business model to include the distribution of wholesale spare parts. The company aims to address the challenges of a fragmented market, scarcity of quality parts, and lack of financing by creating a digital infrastructure for the entire vehicle service lifecycle. It has raised significant seed and pre-Series A funding from investors including Y Combinator, Global Brain, and Ventures Platform.
Sector
Mobility, Transportation & Logistics
Verticals
E-commerce, Fleet Management, Mobile Commerce, Lending & Credit
Business Model
B2B
Customer Profile
Marketplace Commission, Subscription SaaS, Payment Processing Fee, Data as a Service
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Mecho Autotech Comps
Public and private peers based on sector, stage, and business model.
Mecho Autotech Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Sep 14, 2023 | ||||
| Seed | Feb 9, 2022 |
Mecho Autotech Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Global Brain Corporation | Seed |
| Future Africa | Seed |
| Ingressive Capital | Seed |
| Y Combinator | Seed |
| Cathexis Ventures | Seed |
| Uncovered Fund | Seed |
| Platform Ventures | Seed |
Mecho Autotech Filings
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| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
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