LATEST UPDATES
Card-image-cap

Technology | Tech Start Ups

TaxiTV Raises Seed Fund From Beta.Ventures

Jul 17, 2018   •   by   •   Source: Proshare   •   eye-icon 4785 views

Tuesday, July 17, 2018   01.59PM /  NIPC / Source: Techpoint

 

TaxiTV, a Lagos based advertising-technology startup has secured an undisclosed amount of seed funding in a round led by Beta.Ventures. 

TaxiTV is an in-ride entertainment system startup founded in October 2017 by Akinbola Asalu, CEO, and Dami Osiyale, COO. 

The startup provides advertising channels for corporate brands and SMEs through screens inside Taxify, Uber and other ride-hailing services. 

These advertorial video contents are displayed to passengers during a ride. 

Most of the ads are fixed inbetween entertaining content. TaxiTV says it pays content creators a share of the revenue, and drivers also get a cut. 

According to its website, it has a screen in over 100 cars in Nigeria. It intends to use the seed funds for product development, to scale and also improve sales execution 

Other backers in the round include Collins Onuegbu of SASWARE, Sam Senbanjo of Neon Ventures and several prominent individual investors. 

In Q2 2018, Nigerian startups collectively raised $73.6 million. 

Suggested read: “Nigerian startups raised $73.6 million in Q2 2018, 700% more than Q1”- Report 

Though undisclosed, the TaxiTV seed funding is the first announced round for Nigerian startups in Q3. 

In Q2 2018, Nigerian startups raised a total funding of $73.6 million. Download our report to find out more.

Proshare Nigeria Pvt. Ltd.  

Related News

1.       Greentree Investment Company Targets Funding Of Promising Nigerian Startups

2.      PwC unveil Partnership to Boost Insurtech start-ups

3.      Dubai International Financial Centre’s FinTech Ecosystem Gains Further Momentum In 2018

4.      Shenzhen Innovation and Entrepreneurship Bonds Boosting Development Of Innovative Firms and Start-up

5.      An Advice To Tech Start Up Founders – Incorporation, Fund Raising and Equity Sharing

6.      Much Activity in the Tech Start-up Space

Get the App

apple-store  play-store

Connect with us


Proshare is a professional practice focused on delivering research and information services to bridge the gap between investors and markets; by delivery on credible, reliable, and timely engagements through the following areas — Impact Research, Market Intelligence, Strategic Advisory, Stakeholder Relations & Digital Media.