SPARK and invest $45,000 in ogaVenue

by | Aug 18, 2016

ogaVenue, an online events venue booking platform, has announced that it secured a $45k seed investment from SPARK and, a company in which SPARK itself invested in 2013.

The Nigerian events industry is reportedly worth over $20 billion; an average Nigerian middle-class family/company spends over $15,000 per event. In Lagos State alone, over 20,000 events are held each month and over $300,000,000 was spent annually in organising some form of social event.

ogaVenue looks to capitalise on these stats to scale its business model. With over 2000 listings across 17 states in Nigeria, the startup enables customers to scout for perfect venues for weddings, conferences or birthdays. The $45k investment will enable further expansion to more states across Nigeria, scaling of inventory, and the building out of the product, engineering and business development team.

ogaVenue, which was launched in 2015 by Andrew Airelobhegbe, was one of 8 Nigerian startups that pitched at DEMO Africa finals in 2015. In a comment to the press, he expressed optimism that with SPARK and on board, “we are certain that together, we will radically change the face of events and hospitality in Nigeria and Africa.”

Múyìwá Mátùlúkò
Múyìwá Mátùlúkò

Chief Servant. I bully myself because I make me do what I put my mind to.

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

Notify of
Inline Feedbacks
View all comments

Recent News

Uber’s bet on ‘Okada’

Uber’s bet on ‘Okada’

Today on #TechpointDigest, @nifemeah discusses Uber’s launching its motorbike hailing service, UberMoto, in Ibadan.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap