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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Sabi
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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.
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.
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Venture capital funding is provided to FinTech startups by CommerzVentures.
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Norrsken22 is focused on funding African tech entrepreneurs.
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Investments are directed by Fluent Ventures across multiple sectors.
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Investor details for Sabi
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Sabi
Investment portfolio details for Sabi
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Financial Statements - Sabi
Detailed financials for Sabi
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Sabi Comparisons
Peer comparison for Sabi
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- Named peers
- Headcount comparison
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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.
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SaaS solutions for e-commerce and logistics operations are delivered.
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Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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Provider of software solutions enabling informal distribution for retail businesses
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Software solutions are provided for B2B stock redistribution management.
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Parcel tracking platform is offered for online retailers.
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Detailed competitors of Sabi
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Latest news on Sabi
Complete news archive for Sabi
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Frequently Asked Questions about Sabi
Sabi was founded in 2020.
Sabi is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Anu Adedoyin Adasolum is the current CEO of Sabi. They have also founded this company.
Sabi is a funded company, having raised a total of $46M across 4 funding rounds to date.
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.
Sabi's top competitors include TradeDepot, Anchanto and FlixStock.
Sabi offers Sourcing & Distribution, Sabi Market, Financial Services, and TRACE.
Sabi has 9 investors. Key investors include CommerzVentures, Norrsken22, Fluent Ventures, PROOF, and CRE Venture Capital.
The valuation of Sabi is $300M as of May 2023.