About Maad
Maad is a company based in Dakar (Senegal) founded in 2019 by Jessica Long.. Maad has raised $2.52 million across 3 funding rounds from investors including Proparco, Ventures Platform and Seedstars International Ventures. Maad offers products and services including E-commerce App, Analytics Platform, Management Module, and Digital Wallet.
- Headquarter Dakar, Senegal
- Founders Jessica Long
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Sectors
TechnologyRetail
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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
$2.52 M (USD)
in 3 rounds
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Latest Funding Round
$2.3 M (USD), Seed
May 13, 2024
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Investors
Proparco
& 7 more
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Employee Count
Employee Count
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Products & Services of Maad
Maad offers a comprehensive portfolio of products and services, including E-commerce App, Analytics Platform, Management Module, and Digital Wallet. 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.
App for retailers to order FMCG products and receive in 24 hours
Platform for real-time tracking of product sales and performance data
Tool for retailers to manage inventory and operations efficiently
Wallet for electronic payments and funding in retail transactions
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Funding Insights of Maad
Maad has successfully raised a total of $2.52M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.3 million completed in May 2024. 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 Seed — $2.3M
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First Round
First Round
(16 Jun 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Debt – Conventional - Maad | Valuation |
investors |
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| May, 2024 | Amount | Seed - Maad | Valuation | Ventures Platform | |
| Jun, 2023 | Amount | Seed - Maad | Valuation | Proparco |
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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 Maad
Maad has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Proparco, Ventures Platform and Seedstars International 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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Economic development investments are financed through specialized solutions by Proparco.
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Founded Year | Domain | Location | |
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Venture capital investments in African companies addressing innovation and infrastructure needs.
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Founded Year | Domain | Location | |
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Investments are made in pre-seed and seed stage tech startups.
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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 Maad
| 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 - Maad
| 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 |
Maad Comparisons
Competitors of Maad
| 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 Maad
Frequently Asked Questions about Maad
When was Maad founded?
Maad was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Maad located?
Maad is headquartered in Dakar, Senegal.
Who is the current CEO of Maad?
Jessica Long is the current CEO of Maad. They have also founded this company.
Is Maad a funded company?
Maad is a funded company, having raised a total of $2.52M across 3 funding rounds to date. The company's 1st funding round was a Seed of $219K, raised on Jun 16, 2023.
What does Maad do?
Maad was founded in 2019 in Dakar, Senegal, within the software sector focused on field operations. Data collection through customizable forms is supported, alongside route optimization and performance metrics. Geographical analysis and data visualization tools are provided for operational insights. Data verification processes, performance monitoring, and automated reporting are integrated into the platform to streamline field activities.
What products or services does Maad offer?
Maad offers E-commerce App, Analytics Platform, Management Module, and Digital Wallet.
Who are Maad's investors?
Maad has 8 investors. Key investors include Proparco, Ventures Platform, Seedstars International Ventures, Reflect Ventures, and Oui Capital.
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