About HerVest
HerVest is a company based in Lagos (Nigeria) founded in 2019.. HerVest has raised $100 thousand across 2 funding rounds from investors including Praxis and Black Founders Fund. HerVest offers products and services including Savings Plan, Investment Opportunities, and Loan Services. HerVest operates in a competitive market with competitors including PiggyVest, CowryWise, Crowdyvest, SumoTrust and KoloMoni, among others.
- Headquarter Lagos, Nigeria
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hervest For Women Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 K (USD)
in 2 rounds
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Latest Funding Round
$100 K (USD), Seed
Jun 01, 2023
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Investors
Praxis
& 1 more
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Employee Count
Employee Count
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Products & Services of HerVest
HerVest offers a comprehensive portfolio of products and services, including Savings Plan, Investment Opportunities, and Loan Services. 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.
Platform for saving money with up to 15% annual interest.
Opportunities in assets like agriculture for growth and returns.
Access to loans for personal and business financial needs.
Funding Insights of HerVest
HerVest has successfully raised a total of $100K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $100 thousand completed in June 2023. 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 Seed — $100,000
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First Round
First Round
(06 Sep 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - HerVest | Valuation | Praxis |
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| Sep, 2022 | Amount | Grant - HerVest | Valuation |
investors |
| 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 HerVest
HerVest has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Praxis and Black Founders Fund. 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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Sector-agnostic acceleration is provided to startups by Praxis.
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Founded Year | Domain | Location | |
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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 HerVest
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - HerVest
| 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 |
Hervest Comparisons
Competitors of HerVest
HerVest 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 PiggyVest, CowryWise, Crowdyvest, SumoTrust and KoloMoni, 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 |
Savings and investment goals are managed via an online platform.
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| domain | founded_year | HQ Location |
Online & app-based savings platform for individuals
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| domain | founded_year | HQ Location |
Individuals are enabled to save via an app-based platform.
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| domain | founded_year | HQ Location |
Online platform for savings, investments, and financial education in Nigeria.
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| domain | founded_year | HQ Location |
Microfinance bank providing loans, savings accounts, and digital banking solutions.
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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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Frequently Asked Questions about HerVest
When was HerVest founded?
HerVest was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is HerVest located?
HerVest is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is HerVest a funded company?
HerVest is a funded company, having raised a total of $100K across 2 funding rounds to date. The company's 1st funding round was a Grant of $100K, raised on Sep 06, 2022.
What does HerVest do?
Savings and investment management platform for women. It allows users to set aside funds as savings, access mentoring financial literacy sessions, coaching on financial planning, tools for developing financial goals assessing cash flow issues, and insights trends for users. Features savings calculators, interest, and savings management tools for users. The application can be accessed on iOS and Android devices.
Who are the top competitors of HerVest?
HerVest's top competitors include CowryWise, PiggyVest and Crowdyvest.
What products or services does HerVest offer?
HerVest offers Savings Plan, Investment Opportunities, and Loan Services.
Who are HerVest's investors?
HerVest has 2 investors. Key investors include Praxis, and Black Founders Fund.