Sky.Garden has secured a $4mn Serie A round led by SANAD’s MSME fund, UNCOVERED FUND, Aavishkaar, and the KSK Angel Fund.
This adds to the initial $1.2 million seed round raised by Sky.Garden in 2018. An easy-to-use online marketplace allows informal traders and SMEs to establish businesses and sell their products.
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The funds will be utilized to help the business develop faster. Thousands of merchants in Kenya have created webshops as a result of Sky.Garden’s introduction which allows a shopkeeper on one side of Kenya to sell things to a client on the other without requiring any technical knowledge. Purchased things will be delivered within 24 hours, and payment will be made to the seller after the consumer accepts the item.
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“Sky.Garden’s sole focus is to provide African sellers with best-in-class technology to access and reap the benefits of online commerce. This investment round will allow Sky.Garden to drive impact at scale. I’m looking forward to an exciting new chapter with these great partners pioneering e-commerce with the African entrepreneur in mind,” said Martin Majlund, chief executive officer (CEO) of Sky.Garden.
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COVID-19 has expedited the need for Africa’s massive but extremely fragmented and unorganized retail business to embrace the digital economy, according to Ashish Patel, partner at Aavishkaar Capital.
“Sky.Garden is at the forefront at offering these businesses, transformative tools to fully capitalise on the uniquely African e-commerce opportunity, emerging as one of the leading e-commerce enabling platforms on the continent,” he said.
Dr Daniela Beckmann, SANAD’s board chairman, stated that SANAD has long advocated for the use of technology to promote financial inclusion and company success.
What You Need To Know About Sky.Garden
Sky.Garden was launched in 2017 as a software-as-a-service platform. The mobile platform is built for specific African businesses. Its online marketplace helps informal traders and retailers sell their products to consumers. Thousands of Kenyan stores have opened webshops on Sky.Garden.
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