Autochek; A Nigerian startup secures $3.4m pre-seed funding

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Autochek aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, starting with Nigeria and Ghana. 

It plans to use technology to transform the automotive buying and selling experience for African consumers, by creating a single marketplace for consumers’ automotive needs, from sourcing and financing to after sales support and warranties.

Nigerian automotive technology company Autochek has raised a US$3.4 million pre-seed funding round to help it grow its operations and develop its platform.

The US$3.4 million pre-seed round is co-led by TLcom Capital and 4DX Ventures, with inclusion from Golden Palm Investments, Lateral Capital, Kepple Africa Ventures, MSA Capital and a number of local angel and seed investors.

Autochek will use the investment to grow its Nigeria and Ghana markets, and further invest in technology and growing its teams.

Through the acquisition of Cheki Nigeria and Cheki Ghana, Autochek already has more than 20,000 unique vehicles listed on its platform, and more than 12,000 dealers and private sellers, as well as a range of corporate partners and customers. 

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