Africa-focused startup, Koolboks, secures a $2.5 million seed round to expand across Nigeria
submitted about 4 years ago by anane
submitted about 4 years ago by anane
- Koolboks, a sustainable cooling startup, has received $2.5 million in funding to grow its business in new markets, focusing on providing affordable cold storage solutions to businesses in off-grid locations in Africa and emerging markets.
- The company's solar-powered refrigerators can operate for up to four days without electricity, offering a versatile solution that can be used as a refrigerator, freezer, or lighting, with a pay-as-you-go model for ownership.
- Koolboks plans to expand its presence in Nigeria and establish offices in the Democratic Republic of the Congo and Ivory Coast, using the investment to support its growth and increase its team to serve its expanding customer base.
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