Diligence memo · auto-generated · as of July 2, 2026
ShopEX
ShopEX looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
ShopEX operates in Consumer / Retail, based in Africa. Nigeria’s ShopEX, a multi-channel retail business and exclusive distributor of some of the world’s most successful “As Seen On TV” products has raised a US$635,000 pre-seed funding round to continue growing its team, brand, and operations, and to expand into new markets.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
ShopEX has raised $635K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $635K on 2022-06-08.
Most recent recorded round closed around 2022-06-08.
Valuation (modeled)modeled
Provath models ShopEX at approximately $2.9M (range $381K–$18M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.92× the median modeled value of Pre-Seed Consumer / Retail companies in 2022–2024 (34 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.1 yr ago; this sector typically re-raises about every 15 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 82% of Consumer / Retail peers (1161 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: Gaingels Better Brand 2022 LLC, Magical Brands, Inc., Piermont Brands, Inc., Southern Sky Brands, Llc, Sound Brands LLC.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.