About Sabi
Sabi is a company based in Lagos (Nigeria) founded in 2020 by Anu Adedoyin Adasolum and Ademola Adesina. It operates as a Two-Sided Marketplace, and B2B2C. Sabi has raised $46 million across 4 funding rounds from investors including CommerzVentures, Norrsken22 and Fluent Ventures. Sabi offers products and services including Sourcing & Distribution, Sabi Market, Financial Services, and TRACE. Sabi operates in a competitive market with competitors including Anchanto, Unicommerce, Alerzo, TradeDepot and Shipup, among others.
- Headquarter Lagos, Nigeria
- Founders Anu Adedoyin Adasolum, Ademola Adesina
- Stage Minicorn
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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
$46 M (USD)
in 4 rounds
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Latest Funding Round
$38 M (USD), Series B
May 19, 2023
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Investors
CommerzVentures
& 8 more
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Employee Count
Employee Count
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Products & Services of Sabi
Sabi offers a comprehensive portfolio of products and services, including Sourcing & Distribution, Sabi Market, Financial Services, and TRACE. 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.
Timely access to goods and commodities is facilitated.
Seamless restocking and logistics access is provided.
Customized financial solutions for users are offered.
Direct channels for African commodities are enabled.
Unlock access to complete
Funding Insights of Sabi
Sabi has successfully raised a total of $46M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $38 million completed in May 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 4
- Last Round Series B — $38.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Sabi | Valuation |
investors |
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| Apr, 2022 | Amount | Series B - Sabi | Valuation | FinTech Collective , Norrsken22 |
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| Nov, 2021 | Amount | Series A - Sabi | Valuation | CRE Venture Capital |
| 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 Sabi
Sabi has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include CommerzVentures, Norrsken22 and Fluent 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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Venture capital funding is provided to FinTech startups by CommerzVentures.
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Founded Year | Domain | Location | |
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Norrsken22 is focused on funding African tech entrepreneurs.
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Founded Year | Domain | Location | |
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Investments are directed by Fluent Ventures across 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 Sabi
| 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 - Sabi
| 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 |
Sabi Comparisons
Competitors of Sabi
Sabi 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 Anchanto, Unicommerce, Alerzo, TradeDepot and Shipup, 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 |
SaaS solutions for e-commerce and logistics operations are delivered.
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| 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 |
Provider of software solutions enabling informal distribution for retail businesses
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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 |
Parcel tracking platform is offered for online retailers.
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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 Sabi
Frequently Asked Questions about Sabi
When was Sabi founded?
Sabi was founded in 2020.
Where is Sabi located?
Sabi is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Sabi?
Anu Adedoyin Adasolum is the current CEO of Sabi. They have also founded this company.
Is Sabi a funded company?
Sabi is a funded company, having raised a total of $46M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 01, 2020.
What does Sabi do?
Sabi is established as a key provider of digital infrastructure that optimizes supply chains across African markets. The company is focused on connecting local markets to global supply chains while prioritizing sustainability and ethical sourcing. Solutions are provided in sourcing and distribution, financial services, and B2B marketplace platforms like Sabi Market. Operations are extended to diverse sectors, ensuring cost-effective access to goods and commodities for businesses. Local communities are supported through tailored technology and compliance with environmental standards.
Who are the top competitors of Sabi?
Sabi's top competitors include TradeDepot, Anchanto and FlixStock.
What products or services does Sabi offer?
Sabi offers Sourcing & Distribution, Sabi Market, Financial Services, and TRACE.
Who are Sabi's investors?
Sabi has 9 investors. Key investors include CommerzVentures, Norrsken22, Fluent Ventures, PROOF, and CRE Venture Capital.
What is Sabi's valuation?
The valuation of Sabi is $300M as of May 2023.
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