Mecho Autotech, an on-demand auto and maintenance repair vehicle in Nigeria has announced an undisclosed investment by Ingressive Capital, a sub-Saharan Africa focussed VC fund that invests in pre-seed to seed tech startups. Now participating in YC, Mecho is one of the continent’s startups in the S21 batch of Y Combinator accelerator.
Mecho was founded in 2021 by Olusegun Owoade who is the founder and CEO, points out that the new investment will introduce the firm to large organizations and fast-track its growth.
Ingressive Capital has also invested in startups such as Paystack a technology payments company, Bamboo an investment trading platform that gives access to over 3000 stocks listed on the Nigeria stock exchange, Ogavenue a trusted online event booking platform, Tizeti a high-speed public wifi broadband internet company, and AWA Bike a Nigerian smart bike-sharing platform looking to solve mobility issues. Software development and implementation company Fuelmetrics, SimbaPay an Africa remittance company, 54gene unlocking Africa genome via a biobank, and Jetstream that leverages technology, and several other companies.
More on the investment at Innovation Village