Diligence memo · auto-generated · as of July 2, 2026
AFEX
AFEX has raised $27M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
AFEX is a private company, based in Africa. Nigeria-based commodities platform AFEX has raised US$26.5 million in funding from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
AFEX has raised $27M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $27M on 2023-11-02.
Most recent recorded round closed around 2023-11-02.
Valuation (modeled)modeled
Provath models AFEX at approximately $193M (range $66M–$393M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 100% of sector peers (8525 compared).
Modeled value ranks above 100% of those peers.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.