Lagos · LA, Nigeria; LA, Nigeria · founded 2021 · https://mechoautotech.com/
Diligence memoA one-page analyst read on Mecho Autotech — recommendation, valuation, rhythm, risks.→Mecho Autotech has raised $2.1M 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.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
On-demand auto maintenance & repairs
It is cumbersome to maintain/repair vehicles in Africa. Vehicle owners currently have 2 options to choose from; very expensive and geographically limited branded mechanic garages (less than 1% of the supply pool) or unvetted roadside mechanics (about 99% of the supply pool). About 95% of vehicle owners cannot afford branded garages where quality and reliable service delivery can be guaranteed and thus rely on roadside mechanics. However, low quality and transparency are typical issues associated with roadside mechanics. We created a network of vetted mechanics, spare part vendors and an app that enables easy booking, payment and mechanic matching process. Via the mecho app, a customer or business can make a request for any automobile service (repairs or regular servicing) or part.
As reported in public records reported — not modeled.
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.
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.
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%.
Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $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.
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.
Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Seed | $2.1M | 2022-02-09 | $10.8M | $22.0M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
Mecho Autotech is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| YourMechanic, Inc. Car Repairs, Reinvented:a. Mechanic comes to your home or work to fix… | Other Technology | Series B | $381.2M | 77% |
| DealerCue Automotive Corp. | Other Technology | Seed | $4.5M | 72% |
| CarDash Managed marketplace for automotive services. | — | — | — | 71% |
| RoboTire, Inc. Robotire is automating vehicle maintenance for today and future… | HR / Worktech | Series A | $166.8M | 71% |
| Garage Marketplace for America's most essential assets | Fintech | — | — | 71% |
| Shekel Mobility B2B marketplace for Auto Dealers in Africa | Fintech | — | — | 71% |
| Ekho Shopify for vehicles | Fintech | — | — | 70% |
| myMechanic, Inc. | Other Technology | Seed | $5.3M | 70% |
See where Mecho Autotech sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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