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The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). In total, the multi-vertical application has raised over $12 million.
These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso. According to Norebase, companies that use its platform can be incorporated in any African country within “a few minutes” and expand to new locations in a week.
The two began a friendship and discussed potential business opportunities stemming from a paper Nichols had read about renewable energy applications in the agriculture industry. In some ways, SunCulture just extends that model to agricultural applications. at an event for budding entrepreneurs in New York.
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