Nigerian automotive services startup Fixit45 has successfully raised $1.9 million in pre-seed funding to expand its operations across Africa. The funding, comprising both equity and working capital, will support Fixit45's growth in Nigeria and its expansion into East Africa, specifically targeting Kenya and Uganda. Launch Africa Ventures, a venture capital firm, led the funding round, with participation from various angel investors.
Fixit45 specializes in providing high-quality automotive spare parts, vehicle repairs, and maintenance services. With a network of over three hundred operational workshops in nine Nigerian cities, the company serves nearly four thousand clients and collaborates with one thousand two hundred spare part dealers to tap into Africa's growing automotive industry, predicted to reach $42.06 billion by 2027. The investment represents a significant milestone for Fixit45 as it strives to meet its expansion goals.