Sabi
What it does
Sabi is a Nigerian B2B e-commerce and commerce infrastructure startup founded in 2020 by Anu Adedoyin Adasolum and Ademola Adesina. Originally spun out of Rensource Energy, it raised $66 million in total funding including a $38M Series B at a $300M+ valuation in 2023. In 2025, Sabi laid off 20% of its workforce and pivoted from B2B retail commerce to critical minerals traceability and trade, posting $46.5M in revenue in 2024.
SME / business lendingSupply chain finance
Known for
- B2B commerce infrastructure for Africa's informal economy
- $300M+ valuation at Series B
- Pivoted from B2B e-commerce to critical minerals trade in 2025
- 300,000+ merchants at peak
- $46.5M revenue in 2024
Model & industry
Embedded FinanceMarketplace / Aggregator modelRetail & E-commerce
Funding history
$38.0M
Total raised
1
Rounds
Series B
Latest stage
2023
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2023-05 | Series B | $38.0M | Norrsken22 |
Source: Condia Funding Tracker
In the News
- 2026-05-13 · Radical Pivot From Soaps To Stones Puts Upstart On Top · WeeTracker
- 2025-06-19 · Sabi cuts staff as it narrows its focus to commodities trade · TechCabal
- 2023-05-19 · African B2B e-commerce startup Sabi tops $300M valuation in new funding · TechCrunch