Samurai Incubate

Samurai Incubate Co., Ltd. is a venture capital and accelerator firm based in Tokyo, Japan, founded in 2008. The firm specializes in early-stage investments, focusing on sectors such as finance, healthcare, logistics, retail, and technology, including internet of things, artificial intelligence, and blockchain. Samurai Incubate primarily invests in seed and series A rounds, targeting startups across Japan, Israel, and various African countries, including Kenya, South Africa, and Nigeria. Typical investment amounts range from JPY 5 million to JPY 50 million. In addition to financial support, the firm provides advisory services and serves as external directors for some portfolio companies, aiming to enhance their management and operational capabilities. Through its efforts, Samurai Incubate seeks to foster innovation and contribute to the growth of emerging businesses in its target regions.

Past deals in Nigeria

OnePort 365

Seed Round in 2022
OnePort 365 is a B2B digital freight forwarding platform that aims to streamline supply chains by providing comprehensive freight forwarding, customs brokerage, and warehouse management services. The platform enables users to book, manage, and track both international and local shipments efficiently. It features a personalized dashboard that offers instant competitive quotes and access to end-to-end supply chain services. By leveraging technology, OnePort 365 simplifies the freight forwarding process, allowing traders to manage their shipments effectively while eliminating time-consuming inefficiencies.

Medsaf

Seed Round in 2021
Medsaf is a pharmaceutical supply chain company based in Lagos, Nigeria, founded in 2014. It specializes in the delivery of medications, including antacids, antiviral drugs, antineoplastics, and various supplements, to hospitals, pharmacies, clinics, NGOs, and government entities. Medsaf aims to enhance the availability, affordability, and quality of medications in emerging markets through its end-to-end procurement platform. The company utilizes technology to automate and finance medication procurement, integrating logistics, quality control, and financing services. With a focus on data analytics and blockchain, Medsaf provides stakeholders with essential information regarding the movement of medications, ensuring a more efficient supply chain. The company also offers its products online, expanding access to vital healthcare resources.

Medsaf

Seed Round in 2021
Medsaf is a pharmaceutical supply chain company based in Lagos, Nigeria, founded in 2014. It specializes in the delivery of medications, including antacids, antiviral drugs, antineoplastics, and various supplements, to hospitals, pharmacies, clinics, NGOs, and government entities. Medsaf aims to enhance the availability, affordability, and quality of medications in emerging markets through its end-to-end procurement platform. The company utilizes technology to automate and finance medication procurement, integrating logistics, quality control, and financing services. With a focus on data analytics and blockchain, Medsaf provides stakeholders with essential information regarding the movement of medications, ensuring a more efficient supply chain. The company also offers its products online, expanding access to vital healthcare resources.

Pricepally

Seed Round in 2021
Pricepally operates an e-commerce platform focused on food and grocery shopping, founded in 2019 and based in Lagos, Nigeria. The platform aims to provide access to affordable, nutritious, and secure food items in urban areas across Africa. Pricepally functions as a digital food cooperative, allowing consumers to connect directly with local farmers, wholesalers, and producers. It enables users to buy food in bulk or share bulk purchases with others, leveraging collective bargaining power to reduce costs. The online store offers a wide range of products, including groceries, baby products, packaged food, and various ingredients, ensuring that customers have access to fresh and high-quality food items.

OnePort 365

Convertible Note in 2021
OnePort 365 is a B2B digital freight forwarding platform that aims to streamline supply chains by providing comprehensive freight forwarding, customs brokerage, and warehouse management services. The platform enables users to book, manage, and track both international and local shipments efficiently. It features a personalized dashboard that offers instant competitive quotes and access to end-to-end supply chain services. By leveraging technology, OnePort 365 simplifies the freight forwarding process, allowing traders to manage their shipments effectively while eliminating time-consuming inefficiencies.

Pricepally

Pre Seed Round in 2021
Pricepally operates an e-commerce platform focused on food and grocery shopping, founded in 2019 and based in Lagos, Nigeria. The platform aims to provide access to affordable, nutritious, and secure food items in urban areas across Africa. Pricepally functions as a digital food cooperative, allowing consumers to connect directly with local farmers, wholesalers, and producers. It enables users to buy food in bulk or share bulk purchases with others, leveraging collective bargaining power to reduce costs. The online store offers a wide range of products, including groceries, baby products, packaged food, and various ingredients, ensuring that customers have access to fresh and high-quality food items.

Evolve Credit

Seed Round in 2020
Evolve Credit Limited is a financial technology company based in Lagos, Nigeria, established in 2020. It operates an online platform that empowers consumers to compare various loan products available in the marketplace. Users can access expert reviews and ratings, allowing them to evaluate options based on price, interest rates, and other terms. The platform caters to a diverse range of lending needs, including personal loans, small and medium enterprise (SME) loans, and loans targeted at salary earners and unemployed individuals. Evolve Credit aims to simplify the loan selection process, enabling users to make informed decisions and apply for loans that best suit their financial requirements.
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