# MoKo

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

- Industry: Consumer Products
- Headquarters: Nairobi, Kenya
- Website: www.moko.co.ke
- Total disclosed funding: $3.5M
- Latest round: Series B (Oct 13, 2022)
- Investors on record: 5

## About

Based in Nairobi, Kenya, and founded in 2014, Watervale Investments Limited dba MoKo provides furniture and home furnishing products. In October 2022, the firm raised USD 3 million in venture debt funding from an investor Victoria Commercial Bank and returning investor Talanton Advisors. The round was part of a larger USD 6.5 in Series B and debt funding. The company was co-founded by its CEO, Fiorenzo Conte.

The company offers a wide range of furniture as well as home furnishing products to its customers. The firm’s offering includes sofas, beds, mattresses, and carpets. Additionally, the company provides tv stands of different colors such as charcoal black, pearl white, stone grey, and earthy brown. Furthermore, the firm offers various accessories such as throw pillows, pouffe, ottoman, kutana table, and footstool.

The company plans to use the October 2022 funding to expand its product reach in Kenya and grow its product line manufacturing.

## Funding rounds

- Series B, Oct 13, 2022, $3.5M — AlphaMundi, Novastar Ventures, Talanton Advisors, Blink CV
- Series A, Apr 28, 2021 — Novastar Ventures, Talanton Advisors, Blink CV
- Series A, Sep 1, 2018 — DEG, Novastar Ventures

## Investors

- DEG — Series A
- Novastar Ventures (https://capitalatlas.ai/funds/novastar-ventures) — Series A, Series B
- Talanton Advisors — Series A, Series B
- Blink CV — Series A, Series B
- AlphaMundi (https://capitalatlas.ai/funds/alphamundi) — Series B