Pricepally secures seed investment from SOSV

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Frankfurt (Germany) and Lagos (Nigeria), December 2021. GreenTec Capital is very pleased to report that Pricepally was selected to receive funding and support from US-based SOSV as a part of their cross-border program.

Pricepally is is our Lagos, Nigeria-based e-commerce start-up focusing on connecting producers in the agricultural value chain with consumers in Nigeria. The company’s innovative platform helps users access savings through efficient and convenient bulk purchases for individual users or in groups for added savings. The company is currently active in Lagos, Abuja, ad Port Harcourt and is steadily growing. 

SOSV provides multi-stage investment to develop and scale big ideas for positive change, investing in 150 companies every year through category-leading startup development programs.

Principally was one of three African companies selected for 10 slots in SOSV’s cross-border programme along with Egypt’s DXwand, and Kenya’s MarketForce. Each company will receive around US$150,000 in seed funding as well as capacity building, mentorship and network support.

Principally joining SOSV’s cross-border programme highlights the competitiveness of their solution against international competition and demonstrates Africa’s attractiveness for funders seeking tech-enabled businesses generating positive impact and financially competitive solutions. To learn more about GreenTec’s planned fund contact Norbert Reeg or Alhaji Allie Bangura

 

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