Companies

MAKA

Africa

Diligence memoA one-page analyst read on MAKA — recommendation, valuation, rhythm, risks.
$2.6M
Total raised · real
1
Rounds
Latest step-up
Top 2%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Dec 18 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

MAKA has raised $2.6M 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.

Nigerian social commerce startup MAKA, which makes discovering and purchasing fashion items seamless and enjoyable, has raised a US$2.65 million pre-seed round of funding to help it scale.

Nigerian social commerce startup MAKA, which makes discovering and purchasing fashion items seamless and enjoyable, has raised a US$2.65 million pre-seed round of funding to help it scale.

As reported in public records reported — not modeled.

NG
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$5.0M$10M$15M$20MPre-Seed · 2023-12-18 Raised $2.6M (real) Modeled valuation $13M (est)$2.6M$13MPre-Seed2023

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
Pre-Seed$2.6M · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$13.4M
Base estimate est.
$1.8M
Conservative case
$53.1M
Upside case
$14.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). 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
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
2.5 yr
On record since
2023
First round
1
Rounds on file
How it compares to the market

Benchmarked against 8525 companies in this sector. 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) 2.0× above median
This company$2.6M
Sector median$1.3M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$13.4M
Sector median$14.6M

Raised more than 99% of sector peers (real $). Modeled value above 98% 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.
Pre-Seed$2.6M2023-12-18$14.7M$13.4M45%
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. Pre-Seed$2.6M2023-12-18
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$4.2M
Modeled next size est.range $2.8M$6.8M
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

MAKA 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
NG
Jurisdiction
Frequently asked
How much funding has MAKA raised?
MAKA has raised approximately $2.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is MAKA's estimated valuation?
Provath's modeled valuation for MAKA is approximately $13.4M (modeled range $1.8M–$53.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is MAKA at?
MAKA's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Dec 18.
What does MAKA do and where is it based?
MAKA is a private company, based in Africa. Nigerian social commerce startup MAKA, which makes discovering and purchasing fashion items seamless and enjoyable, has raised a US$2.65 million pre-seed round of funding to help it scale.
Explore related

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

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