# Makoko

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

- Industry: Consumer Products
- Headquarters: New York, US
- Website: www.autumnadeigbo.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Jul 30, 2020)
- Investors on record: 2

## About

Makoko Inc. specializes in ecommerce software solutions, enabling businesses to efficiently create and manage online stores. Their platform equips users with essential tools for payment processing, inventory management, and customer engagement, facilitating digital commerce for SMEs.Founded in 2011, Makoko Inc. is based in New York, US, and operates in the ecommerce sector, providing software solutions for online retail. The company has undergone no significant pivots and has not been reported as a subsidiary or part of any merger. The founder's details are currently not available. The company has raised a total of USD 3.00 mn, with the most recent funding round occurring on June 22, 2022, led by Offline Ventures, along with participation from Fuel Capital. Makoko Inc. has completed a total of 3 deals in its history.Makoko Inc.'s primary offering is its ecommerce software, designed to empower businesses to create and manage online stores efficiently. This platform provides users with a comprehensive suite of tools, including website building capabilities, payment processing, inventory management, and customer engagement features. By simplifying the online selling process, the software addresses the challenges faced by small to medium-sized enterprises (SMEs) in establishing a digital presence and reaching their target customers. The end users include entrepreneurs and business owners across various sectors, such as retail and services, aiming to expand their market reach and enhance sales. The software has been launched in multiple geographical markets, including North America, Europe, and parts of Asia, catering to a diverse customer base seeking to leverage ecommerce for growth.Makoko Inc.'s revenue model is primarily built on a subscription basis, where clients pay recurring fees to access the ecommerce platform's features and tools. These transactions occur through tiered pricing plans that cater to different business needs and sizes, allowing varying levels of functionality and customer support. For instance, larger enterprises may opt for premium packages that include advanced analytics and additional customization options, while smaller businesses can select more basic plans suited to their operational scale. Revenue is generated not only through direct-to-consumer sales but also through partnerships with retailers and wholesalers who utilize the platform to facilitate online transactions. The company's flagship services enhance the overall value proposition, supporting sustained engagement and loyalty among its clientele.Moving forward, Makoko Inc. is focused on launching new features and tools for its ecommerce platform, with specific product enhancements scheduled for release in 2023. The company plans to expand its reach into the Asian market, targeting economies such as India and Southeast Asia by the end of 2024. Recent funding from individual investors raised on June 22, 2022, will be utilized to support these growth initiatives, including product development and market expansion efforts.

## Funding rounds

- Seed, Jul 30, 2020, $1.3M — Fuel Capital, Pipeline Angels

## Investors

- Fuel Capital — Seed
- Pipeline Angels (https://capitalatlas.ai/funds/pipeline-angels) — Seed