Vendease Secures $30M in New Funding Round
Sep 26, 2022
Enrich Africa
2 minute(s) Read
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Y Combinator-backed digital platform, Vendease has raised $30 million in an equity and debt funding round to consolidate its growth and operations in Nigeria and Ghana, and to support its expansion across the continent.


The platform allows restaurants in Africa to buy supplies, access financial services and power their business operations in their respective locations.


The equity round of $20 million was co-led by TLcom and Partech, in a rare joint investment by two of the biggest Africa-focused funds.


The equity round also included VentureSouq, Hustle fund, Hack VC, GFR Fund, Kube VC, Magic Fund and Kairos Angels, who re-invested after participating in the previous round. The $10 million debt round was raised from the local finance market.


Commenting on the funding, Tunde Kara, CEO and co-founder of Vendease, said, our mission is to enable the efficient flow of food across the continent, from point of production to point of consumption. It is more than just placing orders for supplies, we want to transform how the entire sector works and remove the bottlenecks that stunt the growth of restaurants and food businesses.

With greater efficiency in the supply chain, we believe we can unlock more growth opportunities across board, which is why we are excited to have raised this round, led by two of Africa’s biggest VCs, who understand what it takes to power such an ambitious mission.”


READ ALSO - Ivorian fintech Julaya Secures $5M in New Funding Round


The investment will also see Andreata Muforo (Partner at TLcom) and Cyril Collon (General Partner at Partech) joining Vendease’s board as new directors.


Andreata Muforo, Partner at TLcom, said, “Restaurants and food businesses play a vital role in communities across the continent and Vendease is on a mission to bring affordability, convenience, and reliability to these businesses and builds a platform that allows the wider food sector to optimise their operations. We look forward to working alongside the team as they pursue the next phase of growth and unlock significant value in Africa’s fragmented food supply chain.”

“Vendease is delivering vital solutions that impact critical issues around the food system in Africa,We are thrilled to be working with them to take these solutions to more restaurants and food businesses across the continent. We see huge scope for growth in Nigeria and beyond and we are very optimistic about what can be achieved”.



Sep 26, 2022
Enrich Africa
2 minute(s) Read
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