Nigeria’s Eze, a wholesale marketplace for new and used electronics, has obtained US $3.7 million in seed funding to build out its technological foundation, increase the range of products it offers, and enter new markets in South America, Europe, and Africa.
Eze connects thousands of buyers from around the world to over 200,000 SKUs that have been vetted and tested and can be purchased at the click of a button. It is a B2B wholesale marketplace for smartphones, laptops, tablets, and other electronics.
Buyers can take advantage of unbeatable wholesale prices, transparent product quality grading, local currency payment, an extended warranty, and other services that support effective and efficient trading through Eze. Additionally, sellers have access to a global network of capable buyers and other services that are meant to increase sales.
The startup’s seed funding round, which totaled US $3.7 million and was led by Right Side Capital Management with participation from C2 Ventures, Boro Capital, EVPI Investments, and other angel investors, will be used to build out Eze’s technological infrastructure, expand its product line, and enter new markets in Africa, Europe, and South America.
“Our mission is to power unfettered access to consumer electronics across the world, enabling users to maximise their potential with the experiences provided by these devices. We are thrilled to have the support of our investors, and we look forward to using this funding to enhance our platform and provide even more value to our customers. Our goal remains to become the go-to destination for B2B buyers and sellers in the electronics industry, especially in emerging markets, and this investment will help us achieve that goal,” said Josh Nzewi, CEO and co-founder of Eze.
“We believe that Eze has the potential to revolutionise the wholesale electronics marketplace,” said Chris Cunningham of C2 Ventures. “Their platform is user-friendly, with integrations that enable an excellent buyer experience. We are excited to support them in their expansion journey.”
