Nigerian E-commerce startup Obtech raises over $15k Pre-seed Investment from Hardware Garage

Nigerian E-commerce startup Obtech raises over $15k Pre-seed Investment from Hardware Garage

Nigeria-based e-Commerce startup Obtech has announced it raised over $15k at the pioneering edition of the Hardware Garage Centre in the Enugu state of Nigeria.

Hardware Garage is an acceleration center where hardware innovators with scalable ideas in Nigeria are transformed into commercially viable products.

The 2021 pioneering edition saw startups like Blieu Innovation, Switch, Obtech, Green Creation, and Dreamfix pitch their ideas to the investors and with each seeking pre-seed investments and product development support for their startup.

The event also connected with startups and investors from across the country and 3 other countries including the USA, UK, and Kenya.

Obtech is an online marketplace startup that develops and sells consumer electronics products that make life easier, stress-free and convenient for everybody, every day.

The startup speaking said “We are proud of the investors who have not lost hope in the ecosystem and who still believe that hardware startups can scale in Nigeria. We are also very proud of our startups who have shown diligence in developing and scaling their startups”.

Obtech also caught the attention of most of the investors as they unveiled their water and electricity metering system seeking a pre-seed of USD10,000.

 

Author

  • Joel Nwankwo

    Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

Joel Nwankwo

Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

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The Ouut 2022
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