Fundraising Fox

Mecho Autotech

YC S21

Lagos, NG · Founded 2021 · 35 employees · 12 known investors

Find your way into Mecho Autotech

597 people in our graph share verified history with the Mecho Autotech team — schools, employers, funds. One of them is your warm intro.

Chandar Lalunlockedknows Olusegun Owoade · together at Ey (overlapped)
×9knows the team · via Ey
×2knows the team · via University of Leicester

Mecho Autotech operates a mobile app and network of verified mechanics and parts suppliers that connects vehicle owners in Africa with maintenance and repair services, offering an alternative to expensive branded garages and unvetted roadside mechanics.</description> </invoke>

Also known as Mecho Autotech Ltd

Advanced ManufacturingE-commerceMarketplacesMobility & TransportationAuto CommerceMarketplaceUnited States of AmericaNigeriaAmerica / CanadaAfrica

Founders & leadership· Y Combinator alumni (S21)

Mecho Autotech was founded in 2021 by Olusegun Owoade.

OOOlusegun Owoade
Olusegun OwoadeinFounder, Operations, Strategy & ManagementOlusegun Owoade has over a decade of experience in actuarial and risk consulting at major firms including Ernst & Young and Kobo360, where he served as Chief Risk Officer. He holds a postgraduate diploma in Actuarial Science from the University of Leicester and a bachelor's degree in Statistics from LAUTECH.

Investors · 12

Ajim CapitalLagos · $250K – $500Kvia Eunice Ajim · inferred
Global BrainTokyo · $100K – $184M
Ingressive CapitalLagos · $500K
Y CombinatorSan Francisco · $500K
Cathexis Venturesreported · 2 sourcesHouston · $250K – $1Mvia Mark Friday · inferred
Future Africareported · 2 sourcesLagos · $100K – $500K
Tekedia CapitalreportedLagos · $1K
Ventures Platformreported · 3 sourcesAbuja · $50K – $1M

Also in the syndicate · 4

Hoaq CapitalSilver SquidUncovered FundV8 Capital

Funding

SEC filings, press & company announcements

$4.5M disclosed across 2 rounds · 2022–2023

Source: company announcements and press reports — follow each round's link for the claim.

In the news

YC-backed Mecho Autotech restructures amid macroeconomic challenges and FX volatilitytechcabal.com · Dec 2024Nigeria's Mecho Autotech Raises USD 2.4 M Pre-Series A Roundweetracker.com · Sep 2023Mecho Autotech raises $2.4 million to disrupt Nigerian $10 billion spare parts market - Tech Startupstechstartups.com · Sep 2023Mecho Autotech raises $2.4million in pre-Series A roundtechcabal.com · Sep 2023Mecho Autotech raises $2.4M pre-Series Abenjamindada.com · Sep 2023Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution | TechCrunchtechcrunch.com · Sep 2023$2.15 M seed funding received by Nigeria’s Mecho Autotech - Incubeesincubees.com · Feb 2022Backed by Iyin Aboyeji’s Future Africa, Mecho Autotech raises $2.15m seed investment to expand vehicle maintenance and repair services | Business Insider Africaafrica.businessinsider.com · Feb 2022

Frequently asked questions

What does Mecho Autotech do?
Mecho Autotech operates a mobile app and network of verified mechanics and parts suppliers that connects vehicle owners in Africa with maintenance and repair services, offering an alternative to expensive branded garages and unvetted roadside mechanics.</description> </invoke>
Who founded Mecho Autotech?
Mecho Autotech was founded by Olusegun Owoade in 2021.
Who are Mecho Autotech's investors?
Mecho Autotech's investors include Ajim Capital, Global Brain, Ingressive Capital, Y Combinator, Cathexis Ventures, Future Africa, Tekedia Capital, Ventures Platform.
How much funding has Mecho Autotech raised?
Mecho Autotech has disclosed $4.5M raised across 2 rounds.
Where is Mecho Autotech headquartered?
Mecho Autotech is headquartered in Lagos, NG.