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
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Net Profit
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EBITDA
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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
Employee Count
- Investments & Acquisitions
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Products & Services of Alerzo
Alerzo offers a comprehensive portfolio of products and services, including Alerzoshop and Veedez. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
B2B marketplace for stocking stores with diverse goods easily.
Streamlines payments, invoicing, and inventory management processes.
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.5M
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First Round
First Round
(01 Jun 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series A - Alerzo | Valuation | Nosara Capital | |
| Jun, 2020 | Amount | Seed - Alerzo | Valuation | Signal Hill Equity Partners , The Baobab Network |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in online marketplaces is facilitated by Nosara Capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Signal Hill Equity Partners is engaged in private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alerzo
Alerzo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Shago Payments. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Money transfers and consumer bill payments are facilitated online.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Alerzo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alerzo Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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| domain | founded_year | HQ Location |
Software solutions are provided for B2B stock redistribution management.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce and logistics operations are delivered.
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| domain | founded_year | HQ Location |
Informal distribution logistics solutions are provided for businesses in Nigeria.
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| domain | founded_year | HQ Location |
Cloud-based retail management software is provided for offline stores.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alerzo
Frequently Asked Questions about Alerzo
When was Alerzo founded?
Alerzo was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Alerzo located?
Alerzo is headquartered in Ibadan, Nigeria. It is registered at Ibadan, Oyo, Nigeria.
Who is the current CEO of Alerzo?
Adewale Opaleye is the current CEO of Alerzo. They have also founded this company.
Is Alerzo a funded company?
Alerzo is a funded company, having raised a total of $16M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Jun 01, 2020.
What does Alerzo do?
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.
Who are the top competitors of Alerzo?
Alerzo's top competitors include TradeDepot, Anchanto and Sabi.
What products or services does Alerzo offer?
Alerzo offers Alerzoshop and Veedez.
How many acquisitions has Alerzo made?
Alerzo has made 1 acquisition, including Shago Payments.
Who are Alerzo's investors?
Alerzo has 5 investors. Key investors include FJ Labs, Nosara Capital, Michael Novogratz, Signal Hill Equity Partners, and Baobab Network.
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