Nigerian proptech startup, Spleet, has raised a $2.6 million seed round to expand its residential rent-focused products throughout Africa.
MaC Venture Capital led the round. Noemis Ventures, Plug and Play Ventures, Metaprop VC, HoaQ Fund, Assembly Fund, Ajim Capital, Francis Fund, Eduardo Campos Paulo Buchicher, and Maajed Chaaaraoui also took part.
The company plans to use the funds to expand its product offerings for landlords, real estate brokers, and tenants across Nigeria and to explore other markets.
Commenting on the funding, MaC Venture Capital Managing General Partner, Marlon Nichols, said: “We are proud to partner with the proptech company as it continues to bring forward a comprehensive solution that effectively serves both sides of the housing market and makes true deposits to combating homelessness in Africa.”
Speaking on how the company had bootstrapped before raising fund, Spleet CEO, Akintola Adesanmi said: “Our solution on the tenant side was a no-brainer. It was the landlords who needed convincing, but it helped that we already had a network of landlords. So instead of going out and raising venture capital, we decided that we were going to bootstrap because we could convince some landlords to list their homes on this platform that we had built and derisk some of their problems.”
