Elloe, a San Mateo, CA-based social e-commerce startup focused on Kenya and emerging markets, announced that it raised a 7-figure pre-Seed funding round led by Philippines’ Mad Ventures, Inc.
The new funds will give Elloe sufficient runway to grow its local Kenyan operations and fuel expansion into the Philippine and Southeast Asian markets well into 2023 and beyond.
Company: Elloe Inc.
Funding Month: April 2022
Lead Investors: Mad Ventures, Inc.
Company Website: https://elloe.ai/
Software Category: Social Commerce Platform
About the Company: Co-founded by Owen Sakawa, Abhijay Rao, and Aaron Madolora, Elloe is a first-of-its-kind AI-powered social commerce platform that allows merchants to buy and sell products online across any messaging platform. Elloe is a no-code AI platform that allows small businesses to answer customer questions in real-time, receive bookings, sell online and collect valuable customer data. Elloe’s mission is to reduce a major logistical carbon footprint by developing new methods of e-commerce practices, starting by growing the local economy, utilizing renewable energies, and automating supply chains. Headquartered in San Mateo, California.