Norebase, a Nigerian trade technology startup that is establishing a single platform for businesses to start, scale, and operate in any African country, has raised $1 million in pre-seed funding to help it grow.
Samurai Incubate and Consonance Investment co-led the funding round, which also included Sahil Lavingia (Gumroad), Kinfolk VC, Future Africa, Ventures Platform, Microtraction, Boleh Venture, Voltron Capital, Wuri Ventures, Afropreneur, and angel investments Shola Akinlade, Odunayo Eweniyi, Adia Sowho, Akin Oyebode, and Seni Sulyman.
Norebase, which was launched in September 2021, provides a unified digital infrastructure solution for Africa-wide development, enabling founders and entrepreneurs in starting, scaling, and operating enterprises in all African nations and the United States.
“We are deliberately building the single digital infrastructure and technology tools that will power trade across the continent,” said Norebase CEO Tola Onayemi. “We are building a future where starting a business or expanding a business in any African country is as simple as clicking a single button,” he said.
Norebase has assisted entrepreneurs in establishing businesses in Ghana, Kenya, South Africa, Nigeria, Rwanda, Senegal, Ivory Coast, Togo, Tanzania, Egypt, Mauritius, and Burkina Faso, as well as the United States.
The fresh funding will be used to help the startup accelerate its objectives to develop a plug-and-play company incorporation technology, expand its trademark registration technology stack, reinforce its existing staff of world-class talent, and develop more research-led solutions.
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