# Alerzo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alerzo

- Industry: Business Support Services
- Headquarters: Ibadan, Nigeria
- Website: www.alerzo.com
- Total disclosed funding: $45M
- Latest round: Series B (Aug 24, 2022)
- Investors on record: 7

## About

Based in Ibadan, Nigeria, and founded in 2019 by Adewale Opaleye, Alerzo Inc., a B2B e-commerce retail platform that helps retailers stock inventory directly from manufacturers. The company has built up a network of up to 100,000 small businesses that operate in Southwest Nigeria in Ibadan, Ekiti, and Abeokuta. The company has an office in Singapore that serves as a regional hub to identify best practices among similar high-growth businesses operating across Southeast Asia and India. In August 2021, the company raised its latest Series A funding led by Nosara Capital.

The company operates as an all-in-one technology partner for informal retail store operators. The platform allows informal retail store operators to receive and make cashless payments, track store profitability, and facilitate a portfolio of digital services including mobile airtime, bill payments, and process peer-to-peer transfers.

The company plans to expand geographically to northern Nigeria, launch AlerzoPay, the company’s cashless payments and lending platform, and launch a portfolio of new business support services.

## Funding rounds

- Series B, Aug 24, 2022, $25M — FJ Labs, Avenir Growth Capital, Nosara Capital, Dalio Family Office
- Series B, Jan 13, 2022 — FJ Labs
- Series A, Aug 20, 2021, $15M — FJ Labs, Nosara Capital, Grant Park Ventures
- Series A, May 20, 2021 — FJ Labs
- Seed, Aug 27, 2020, $5.7M — Niche Capital, Baobab Network

## Investors

- Niche Capital (https://capitalatlas.ai/funds/niche-capital) — Seed
- Baobab Network (https://capitalatlas.ai/funds/baobab-network) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A, Series B
- Nosara Capital (https://capitalatlas.ai/funds/nosara-capital) — Series A, Series B
- Grant Park Ventures (https://capitalatlas.ai/funds/grant-park-ventures) — Series A
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series B
- Dalio Family Office — Series B