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Nigerian Travel Company GONA Secures Multi-million Dollar Pre-A Round of Financing

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Nigerian Travel Company GONA Secures Multi-million Dollar Pre-A Round of Financing

Nigerian Travel Company GONA has completed a multi-million dollar Pre-A (Pre-Series A) round of financing from Qingliu Capital, Jiuhe Venture Capital and Shaka VC.

Liu Xiaojun, founder and CEO of GONA, said that this round of financing will be used for team building and product technology upgrades.

GONA which uses minibuses was established at the end of 2018 and uses technology to improve operational efficiency, and at the same time solves the two major travel pains of inconvenience and inconvenience.

Currently, GONA is the main bus transportation company in the Lagos metropolitan area. To date, it has thousands of active users and nearly 10,000 transactions every day.

According to GONA co-founder Gu Yuan, the company’s team members are based in China and Africa. The core members are from Huawei Africa, Didi, Morgan Stanley and other companies.

Read: In Brief: Branch International Raises US$5M for Expansion Across Kenya

Liu Xiaojun said that GONA’s next development focus is to further improve product operations, enhance technology reserves, continue to empower Lagos’ public transport services, and gradually expand its business to other hotspots in East and West Africa, striving to become Africa’s largest travel platform.

Chen Hao, director of Qingliu Capital Investment, said that Qingliu Capital has long been optimistic about the development of GONA and will continue to pay attention to opportunities in the African market.

Hua Wei, the managing director of Jiuhe Venture Capital, said that the mobile Internet and demographic dividends in Africa are in a stage of rapid development. The age structure of the population is young and the economic growth rate is high. It is a hotbed for the birth of the Internet Super App. GONA is deeply involved in local travel services, covering users with high-frequency scenes and optimistic about the future development of GONA.

Larry, a partner at ShakaVC, said that from the minibus scene, it provides more efficient and convenient travel services for hundreds of millions of Africans, and the market potential is huge. As the first Chinese fund to focus on early African investment in Africa, ShakaVC will support the development of GONA in local resources, experience and capital. (one orange).

Image Credits: c.m

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