Companies · Investment Vehicle

ANDANew on the radar

Africa · Investment Vehicle

Diligence memoA one-page analyst read on ANDA — recommendation, valuation, rhythm, risks.
$1.2M
Total raised · real
1
Rounds
Latest step-up
Top 68%
Sector rank · raised
Seed
Latest stage · inferred · Tue Mar 31 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

ANDA has raised $1.2M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Where it sits in Investment Vehicle

ANDA is one of 1793 Investment Vehicle companies tracked from Africa. By capital raised it ranks in the long tail (ahead of 33% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

Angolan startup ANDA, which has developed an innovative “drive-to own” model that empowers drivers of two-, three- and four-wheeled vehicles, has secured US$1.2 million in funding from private credit impact fund BFA Asset Management (BFAAM).

Angolan startup ANDA, which has developed an innovative “drive-to own” model that empowers drivers of two-, three- and four-wheeled vehicles, has secured US$1.2 million in funding from private credit impact fund BFA Asset Management (BFAAM).

As reported in public records reported — not modeled.

AO
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MSeed · 2026-03-31 Raised $1.2M (real) Modeled valuation $2.6M (est)$1.2M$2.6MSeed2026

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.2M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$2.6M
Base estimate est.
$1.1M
Conservative case
$4.4M
Upside case
$6.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
0.3 yr
On record since
2026
First round
New
First-time filer
How it compares to the market

Benchmarked against 1793 companies in Investment Vehicle. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.4× of median
This company$1.2M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.2M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.6M
Sector median$25.2M

Raised more than 33% of sector peers (real $). Modeled value above 12% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.2M2026-03-31$6.0M$2.6M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.2M2026-03-31
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$1.9M
Modeled next size est.range $1.2M$3.1M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

ANDA is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
AO
Jurisdiction
Frequently asked
How much funding has ANDA raised?
ANDA has raised approximately $1.2M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is ANDA's estimated valuation?
Provath's modeled valuation for ANDA is approximately $2.6M (modeled range $1.1M–$4.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ANDA at?
ANDA's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Mar 31.
What does ANDA do and where is it based?
ANDA operates in the Investment Vehicle sector, based in Africa. Angolan startup ANDA, which has developed an innovative “drive-to own” model that empowers drivers of two-, three- and four-wheeled vehicles, has secured US$1.2 million in funding from private credit impact fund BFA Asset Management (BFAAM).
Explore related

See where ANDA sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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