About Traction Apps
Traction Apps is a company based in Lagos (Nigeria) founded in 2018 by Dolapo Adejuyigbe and Mayowa Alli was acquired by OmniRetail in October 2024. Traction Apps has raised $6 million across 1 funding round from investors including OmniRetail, Ventures Platform and P1 Ventures. Traction Apps operates in a competitive market with competitors including Cart.com, AnyMind Group, BigCommerce, ANS Commerce and CommerceIQ, among others.
- Headquarter Lagos, Nigeria
- Founders Dolapo Adejuyigbe, Mayowa Alli
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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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
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Seed
Aug 01, 2023
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Investors
OmniRetail
& 2 more
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Employee Count
Not available
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Acquired by
OmniRetail
(Oct 21, 2024)
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Funding Insights of Traction Apps
Traction Apps has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Seed round of $6 million completed in August 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 Traction Apps
Traction Apps has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include OmniRetail, Ventures Platform and P1 Ventures.
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Venture capital investments in African companies addressing innovation and infrastructure needs.
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Venture capital funding is provided to African tech startups by P1 Ventures.
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Supply-chain digitization solutions are delivered to retailers and brands.
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Investor details for Traction Apps
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Investments & Acquisitions by Traction Apps
Investment portfolio details for Traction Apps
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Financial Statements - Traction Apps
Detailed financials for Traction Apps
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Traction Apps Comparisons
Peer comparison for Traction Apps
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- Named peers
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Competitors of Traction Apps
Traction Apps 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 Cart.com, AnyMind Group, BigCommerce, ANS Commerce and CommerceIQ, among others.
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Software suite solutions are provided for e-commerce businesses.
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Platforms for e-commerce, marketing, and manufacturing are provided.
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SaaS-based software suites for e-commerce operations are provided.
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E-commerce solutions and logistics are provided for online businesses.
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AI platform for retail ecommerce management and optimization is provided.
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Software suite solutions are provided for brands and e-commerce businesses.
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Detailed competitors of Traction Apps
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Latest news on Traction Apps
Complete news archive for Traction Apps
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Frequently Asked Questions about Traction Apps
Traction Apps was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Traction Apps is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Traction Apps is a funded company, having raised a total of $6M across 1 funding round to date.
Traction Apps was founded in 2018 in Lagos, Nigeria, as a provider of e-commerce solutions within the technology sector. Services encompass payments management, inventory control, customer management, online storefront design and development, analytics, reporting, back-office operations, and invoicing. A mobile application is offered on Android and iOS platforms. Retail solutions are also extended to offline businesses.
Traction Apps's top competitors include CommerceIQ, Cart.com and aCommerce.
Traction Apps has 3 investors. Key investors include OmniRetail, Ventures Platform, and P1 Ventures.