🚨 Big Scoop 🚨
Vatar Inc., the parent company of viral gaming sensation Lagos Life, raises $500,000 in pre-seed from some of African tech's most recognisable names – at a $10 million valuation.
Lagos Life co-founder and CEO
@Shalom_HeyEliy opened and closed the round in 24 hours!
Flutterwave CEO
@TechProd_Arch backed the round through his fund,
@R17_Ventures, along with Terra Industries CEO
@_KingNath, Mono CEO & Flutterwave Chief Product Officer
@ijbguy, and Angel Investor
@OoTheNigerian.
The $500,000 will go into improving the product: a premium interface, more depth, and creating more games for the company.
Lagos Life has been on a generational run. In eight days, it’s crossed 4 million players, made $170,000 in revenue, and expanded to two cities.
I have not seen anything like it in years.