About Alerzo
Alerzo is a company based in Ibadan (Nigeria) founded in 2018 by Adewale Opaleye. Alerzo has raised $16 million across 2 funding rounds from investors including FJ Labs, Nosara Capital and Michael Novogratz. Alerzo has completed 1 acquisition, including Shago Payments. Alerzo offers products and services including Alerzoshop and Veedez. Alerzo operates in a competitive market with competitors including Unicommerce, TradeDepot, Anchanto, Sabi and iVend Retail, among others.
- Headquarter Ibadan, Nigeria
- Founders Adewale Opaleye
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Sectors
TechnologyRetail Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$16 M (USD)
in 2 rounds
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Latest Funding Round
$10.5 M (USD), Series A
Aug 20, 2021
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Investors
FJ Labs
& 4 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Alerzo
Alerzo offers a comprehensive portfolio of products and services, including Alerzoshop and Veedez.
B2B marketplace for stocking stores with diverse goods easily.
Streamlines payments, invoicing, and inventory management processes.
People of Alerzo
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Funding Insights of Alerzo
Alerzo has successfully raised a total of $16M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10.5 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Alerzo
Alerzo has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include FJ Labs, Nosara Capital and Michael Novogratz.
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Investment in online marketplaces is facilitated by Nosara Capital.
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Signal Hill Equity Partners is engaged in private equity investments.
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Investor details for Alerzo
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Investments & Acquisitions by Alerzo
Alerzo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Shago Payments.
Investment portfolio details for Alerzo
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Money transfers and consumer bill payments are facilitated online.
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Complete acquisition details for Alerzo
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Financial Statements - Alerzo
Detailed financials for Alerzo
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Alerzo Comparisons
Peer comparison for Alerzo
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Competitors of Alerzo
Alerzo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Unicommerce, TradeDepot, Anchanto, Sabi and iVend Retail, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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Software solutions are provided for B2B stock redistribution management.
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SaaS solutions for e-commerce and logistics operations are delivered.
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Informal distribution logistics solutions are provided for businesses in Nigeria.
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Cloud-based retail management software is provided for offline stores.
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Detailed competitors of Alerzo
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Latest news on Alerzo
Complete news archive for Alerzo
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Frequently Asked Questions about Alerzo
Alerzo was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Alerzo is headquartered in Ibadan, Nigeria. It is registered at Ibadan, Oyo, Nigeria.
Adewale Opaleye is the current CEO of Alerzo. They have also founded this company.
Alerzo is a funded company, having raised a total of $16M across 2 funding rounds to date.
Alerzo was founded in 2018 and is based in Ibadan, Nigeria. Software solutions are offered by the company to support informal distribution networks for retail businesses. On-demand inventory distribution and financial services are provided to small informal stores. Real-time market trends, customer feedback, and consumer purchasing data are delivered, assisting retailers in discovering, purchasing, and managing store inventories within the retail technology sector.
Alerzo's top competitors include TradeDepot, Anchanto and Sabi.
Alerzo offers Alerzoshop and Veedez.
Alerzo has made 1 acquisition, including Shago Payments.
Alerzo has 5 investors. Key investors include FJ Labs, Nosara Capital, Michael Novogratz, Signal Hill Equity Partners, and Baobab Network.