Diligence memo · auto-generated · as of July 2, 2026
ExpandCart
ExpandCart has raised $2.5M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
ExpandCart operates in Ecommerce / Retail, based in Africa. Egyptian startup ExpandCart, an e-commerce and retail platform, has secured US$2.5 million in Series A funding to help it continue to grow.
Sub-sector tags: ecommerce/retail.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
ExpandCart has raised $2.5M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $2.5M on 2020-11-24.
Most recent recorded round closed around 2020-11-24.
Valuation (modeled)modeled
Provath models ExpandCart at approximately $12M (range $3.1M–$60M). 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
Last raise 5.6 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 77% of Ecommerce / Retail peers (123 compared).
Modeled value ranks above 78% of those peers.
Closest niche peers: Capiter.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.