# Sabi Am

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sabi-am

- Industry: Internet
- Headquarters: Lagos, Nigeria
- Website: www.sabi.am
- Total disclosed funding: $40M
- Latest round: Series B (May 19, 2023)
- Investors on record: 9

## About

Based in Lagos, Nigeria, and founded in 2021, Sabi Am operates as an agnostic B2B network. It enables agents, merchants, wholesalers, aggregators, distributors, and manufacturers to grow their businesses using Sabi’s technology rails. Anu Adasolum is the co-founder and CEO of the company. In May 2023, Sabi Am raised USD 38 million in series B funding from CommerzVentures, Fluent Ventures, and PROOF.VC, with participation from CRE, Janngo Capital, and Norrsken22.

The firm is a category-agnostic B2B network for informal trade focused on accelerating the velocity of commerce by enabling stakeholders in the informal sector to access and offer value amongst each other. The company's platform helps users to increase demand, improve cash flow, streamline logistics, and to save money. It also tracks the performance of businesses digitally through its sales and inventory management tool and also keeps track of customers and access reports on businesses performance.

## Funding rounds

- Series B, May 19, 2023, $38M — Commerzbank, CRE, PROOF.VC, Janngo Capital, Norrsken22, Fluent Ventures
- Seed, Dec 3, 2021 — LoftyInc Capital Management
- Seed, Aug 30, 2021, $2M — Waarde Capital, CRE, Janngo Capital, Atlantica Ventures

## Investors

- Waarde Capital (https://capitalatlas.ai/funds/waarde-capital) — Seed
- CRE (https://capitalatlas.ai/funds/cre) — Seed, Series B
- Janngo Capital (https://capitalatlas.ai/funds/janngo-capital) — Seed, Series B
- Atlantica Ventures (https://capitalatlas.ai/funds/atlantica-ventures) — Seed
- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Seed
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series B
- PROOF.VC (https://capitalatlas.ai/funds/proof-vc) — Series B
- Norrsken22 (https://capitalatlas.ai/funds/norrsken22) — Series B
- Fluent Ventures (https://capitalatlas.ai/funds/fluent-ventures) — Series B