Jiji raises $21M for its Africa online classifieds business

December 9, 2019

Portfolio company Jiji, the largest classifieds in Africa, has raised $21M in Series C and C-1 financing from six investors, led by Knuru Capital.

The Nigeria-based venture, co-founded by Ukrainian entrepreneur Vladimir Mnogoletniy, has an East to West presence that includes Ghana, Uganda, Tanzania and Kenya.

With the recent funding, the company’s total capital raised from 2014 to 2019 comes to $50M. Jiji plans to use the latest investment toward initiatives to increase the overall number of buyers, sellers and transactions on its site.