{"id":603583,"date":"2026-04-24T12:23:08","date_gmt":"2026-04-24T12:23:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/603583\/"},"modified":"2026-04-24T12:23:08","modified_gmt":"2026-04-24T12:23:08","slug":"swoop-raises-7-3-million-seed-round-expands-into-nigeria","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/603583\/","title":{"rendered":"Swoop raises $7.3 million seed round, expands into Nigeria"},"content":{"rendered":"<p>Swoop,<a href=\"https:\/\/www.swoop.com.ng\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> an Eswatini food delivery <\/a>startup, has raised $7.3 million in seed funding to support its expansion into Nigeria as it pursues its super-app model outside its home country for the first time.\u00a0<\/p>\n<p>The round, backed by Silicon Valley investors including Long Journey, Variant, Version One, Dune Ventures, Soma Capital, and Zero Knowledge Ventures, will fund the buildout of a consumer platform starting with food delivery. Walter Kortschak and Base Capital also participated.\u00a0<\/p>\n<p>Swoop\u2019s seed raise is one of the largest seed rounds disclosed by an African consumer startup, and nearly as large as the <a href=\"https:\/\/techcabal.com\/2025\/08\/11\/chowdeck-raise-9-million\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$9 million Series A that Chowdeck closed <\/a>in August 2025 after four years of operations and expansion into 11 cities.\u00a0<\/p>\n<p>\u201cIt\u2019s super hard to build a super app, and our investors recognise that. They recognise that you need a bit of runway and foundation to be able to do the things that you need to do operationally,\u201d said Demola Adesina, Swoop\u2019s Nigerian country manager.\u00a0<\/p>\n<p>Swoop believes Nigeria\u2019s food delivery market\u2014<a href=\"https:\/\/www.imarcgroup.com\/nigeria-online-food-delivery-market\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">valued at $1.1 billion in 2025<\/a>\u2014has more room to grow than its competitors suggest. According to Nigerian payments processor Paystack, which processes payments for Swoop and all the major food delivery companies in Nigeria, the <a href=\"http:\/\/foodpod.substack.com\/p\/1-magic-beans\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">sector grew by 187% between 2021 and 2024<\/a>.\u00a0<\/p>\n<p>Nigeria\u2019s ratio of food ordered for delivery to food consumed outside the home is far lower in the country than in peer markets in Africa or Southeast Asia, and the real opportunity lies in converting non-consumers rather than poaching existing users, Adesina said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Swoop, an Eswatini food delivery startup, has raised $7.3 million in seed funding to support its expansion into&hellip;\n","protected":false},"author":2,"featured_media":603584,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[28,158],"class_list":{"0":"post-603583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-entrepreneurship"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/603583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=603583"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/603583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/603584"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=603583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=603583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=603583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}