About Awabah
Awabah is a company based in Lagos (Nigeria) founded in 2020 by Oluwabukola Ajishebiyawo and Tunji Andrews.. Awabah has raised $320 thousand across 3 funding rounds from investors including Techstars, Black Founders Fund and Correlation Ventures. Awabah operates in a competitive market with competitors including ARM Pensions, Reaprite, Stanbic IBTC Pension Managers, CrusaderSterling Pensions and Kapitalgrow, among others.
- Headquarter Lagos, Nigeria
- Founders Oluwabukola Ajishebiyawo, Tunji Andrews
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Sectors
Technology
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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
$320 K (USD)
in 3 rounds
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Latest Funding Round
$100 K (USD), Grant
Sep 06, 2022
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Investors
Techstars
& 3 more
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Employee Count
Employee Count
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Funding Insights of Awabah
Awabah has successfully raised a total of $320K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $100 thousand completed in September 2022. 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 3
- Last Round Grant — $100,000
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First Round
First Round
(01 Jul 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Grant - Awabah | Valuation |
investors |
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| Aug, 2021 | Amount | Seed - Awabah | Valuation | Techstars |
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| Jul, 2021 | Amount | Seed - Awabah | Valuation | Correlation Ventures , ODBA |
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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 Awabah
Awabah has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Techstars, Black Founders Fund and Correlation Ventures. 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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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Venture capital firm focused on aerospace, biopharma, consumer, and multiple sectors
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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 Awabah
| 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 |
Financial Statements - Awabah
| 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 |
Awabah Comparisons
Competitors of Awabah
Awabah 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 ARM Pensions, Reaprite, Stanbic IBTC Pension Managers, CrusaderSterling Pensions and Kapitalgrow, 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 |
Pension management and retirement planning services are provided.
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| domain | founded_year | HQ Location |
Delivers financial planning and advisory services via a platform.
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| domain | founded_year | HQ Location |
Functions as an online platform for retirement and pension management.
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| domain | founded_year | HQ Location |
Provides pension administration for individuals and organizations in Nigeria.
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| domain | founded_year | HQ Location |
Wealth management services are provided by Kapitalgrow in Nigeria.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Awabah
Frequently Asked Questions about Awabah
When was Awabah founded?
Awabah was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Awabah located?
Awabah is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Awabah?
Tunji Andrews is the current CEO of Awabah. They have also founded this company.
Is Awabah a funded company?
Awabah is a funded company, having raised a total of $320K across 3 funding rounds to date. The company's 1st funding round was a Seed of $200K, raised on Jul 01, 2021.
What does Awabah do?
Awabah was founded in 2020 in Lagos, Nigeria, as an online platform in the financial services sector. Micro-pension schemes are provided to support entrepreneurs, drivers, traders, artisans, freelancers, and others without formal pension access. Target savings plans are enabled for personal financial goals. Operations focus on digital tools for retirement and goal-based saving in the informal economy.
Who are the top competitors of Awabah?
Awabah's top competitors include ARM Pensions, Kapitalgrow and Reaprite.
Who are Awabah's investors?
Awabah has 4 investors. Key investors include Techstars, Black Founders Fund, Correlation Ventures, and ODBA.