Nigerian Housing Startup, Whose Your Landlord Grabs N871.5 Million Investment
- A Nigerian startup, Whose Your Landlord has notched-up N871.5 million in funding from BlackOps which targets black owned businesses
- The company intends to use the investment to grow the quality of its features by introducing innovations to boost its services
- The company was started in 2015 to track landord-customer relationships and assess the quality of buildings
A six-year-old Nigerian owned US-based startup, Whose Your Landlord has grabbed a whopping N871.5 million funding from BlackOps Ventures.
Black funders helping black founders
BlackOps Ventures pooled capital of N5.3 billion from investors in 2021 with the aim of funding black-owned businesses and has started utilizing the fund.
Source: UGC
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According to Nairametrics, Whose Your Landlord will be receiving such funding for the first time, having raised N456.5 million.
Before launching Whose Your Landlord, the company raised revenue through partnerships with other companies.
BlackOps founder said the company is looking to invest in black founders since they are underinvested.
The company said it intends to use the funds to expand the quality of its features by introducing good innovations and using them to find trends in reviews that will improve its quality of service.
Whose Your Landlord?
The firm was started in 2015 by Ofo Ezeugwu with the aim of taking renter notes about landlords and the quality of buildings.
It has evolved to taking renter feedback, uploading it on their website for the rental owner, letting landlords track how they are doing with their tenants and how many of their current tenants want to renew their rent.
The company chargers its clients N830 to use its platform.
Nigerian Entrepreneur Raises N1.14 Billion
Legit.ng reported that Treepz has announced a major breakthrough in its bid to expand its product offerings to other African countries.
On Monday, 22 November, investors from Japan-based Uncovered Fund, Dubai-based Blanford Capital and Jonomi Capital, and Egypt-based Jedar Capital provided a seed funding of $1.6 million (N655.8m) to add to the $1.2 million (N491.85bn) the company raised in August 2021.
The funds have helped Treepz acquire Ugabus, a Ugandan bus company that aggregates inter-city bus operators. The deal will also see Treepz fully acquire all of Ugabus’ operations and personnel.
Source: Legit.ng
