Thursday, 22 September 2016

ToLet.com.ng Raises $1.2 million From Frontier Digital Ventures

Lagos-based real estate classifieds start-up ToLet.com.ng has raised a $1.2 million Series A round of funding from Frontier Digital Ventures .
“The new funds raised will be used to improve the platform’s technology offering to both property seekers as well as that used by listing agents. The rest of the funds will be channelled into improved marketing efforts and aggressive expansion across Nigeria over the next 12-18 months,” says To Let’s Chief Executive Officer, Fikayo Ogundipe.
ToLet.com.ng was founded in 2012 as Estanode.com by four young Nigerian graduates –Fikayo Ogundipe, Sulaiman Balogun, Dapo Eludire and Seyi Ayeni .
It received $230,000 in seed funding from Jason Njoku’s Tech company accelerator Spark.ng in 2013, and subsequently rebranded to ToLet.com.ng.
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