Autochek secures $3.4m pre-seed funding to deliver technology for African automotive industry
Etop Ikpe, Founder and CEO of Autochek Autochek, the automotive technology company aiming to build solutions for the African market, has raised $3.4 million in a pre-seed funding round, co-led by TLcom Capital and 4DX Ventures with inclusion from Golden Palm Investments, Lateral Capital, Kepple Africa Ventures, MSA Capital and a number of local angel/seed investors. The start-up will use the investment to grow its Nigeria and Ghana markets and will see further investment in technology and growing its teams. The pre-seed investment follows Autochek’s acquisition of Cheki Nigeria and Cheki Ghana brands in September 2020. Combining technology and data to power every process of the automotive transactional ecosystem for millions of people, Autochek will transform the automotive buying and selling experience for African consumers, by creating a single marketplace for all automotive needs. This will include everything from sourcing and financing transactions to after sales ...