Frontier Digital Ventures, a venture capital firm with interests in African companies has just invested $1.2 million in ToLet.com.ng according to Techpoint.
ToLet.com.ng is a leading property portal in oil-rich Nigeria, Africa’s largest population, standing at a staggering 175 million property-hungry Nigerians. Launched in 2013 by four Nigerians, Fikayo Ogundipe, Dapo Eludire, Sulaiman Balogun and Oluwaseyi Ayeni, coming from diverse backgrounds ranging from start-ups to law. In a market that is seeing rapid urbanisation, ToLet.com.ng has successfully pivoted to capture the ever growing property rentals market through enhancing their marketplace with curated agents and listings, effectively acting as an online rentals agency portal. In a country where there is an abundance of unlocalised foreign classifieds platforms, online scams and a lack of trust, ToLet.com.ng generates immense value through providing high-quality, trusted, and vetted content for the millions of Nigerians looking to move to the big city!
Tolet.com.ng was seeded by Spark capital.