OmniRetail, the Nigerian B2B commerce platform, has raised $20 million in a Series A equity round. This round was led by Norwegian development finance institution Norfund and Timon Capital with the participation of Ventures Platform, Aruwa Capital, Goodwell Investments (via Alitheia Capital), and Flour Mills of Nigeria.
OmniRetail will use part of the funding to expand its operations across Nigeria, Ghana and Ivory Coast.
“This investment validates our asset-light, technology-driven approach to transforming Africa’s FMCG sector during challenging economic times. Our team is ready to accelerate innovation that delivers real value to customers while reshaping industry standards,” the company said.
“This round is more than capital—it’s conviction. We’ve cracked the unit economics, we’ve built at scale, and now we’re laying down financial railroads around that network. This is not just about reach anymore—it’s about dominance and delivering cash flow at scale. Some of our next moves are laser-focused: a solid debt raise for inventory finance, strategic acquisitions, and a relentless profitable growth,” said Archit Bagaria, Head of Investments at OmniRetail.
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