Diligence memo · auto-generated · as of July 2, 2026
Maad
Maad looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Maad operates in Mobility / Logistics, based in Senegal, Africa. Senegalese logistics platform for informal retailers Maad has raised US$3.2 million in seed funding to expand domestically and internationally, and launch new products.
Sub-sector tags: mobility.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Maad has raised $3.2M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.2M on 2024-05-16.
Most recent recorded round closed around 2024-05-16.
Valuation (modeled)modeled
Provath models Maad at approximately $13M (range $2.6M–$35M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.97× the median modeled value of Seed Mobility / Logistics companies in 2022–2024 (24 peers) — value vs value, same stage and era. Within the normal band (97% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 2.1 yr ago; this sector typically re-raises about every 10 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
Comparablesmixed
Capital scale ranks ahead of 83% of Mobility / Logistics peers (431 compared).
Modeled value ranks above 78% of those peers.
Closest niche peers: Amitruck, Freterium, Minturn Logistics LLC, TruckBook Logistics, Inc., Colony Logistics, Inc..
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.