Omidyar Network and EchoVC Partners Invest US$1.2 Million in Hotels.ng (Sub-Saharan Africa)

Source: Omidyar Network, Hotels.ng

Nigeria-based hotel booking website Hotels.ng has secured a US$1.2 million investment from philanthropic investment firm Omidyar Network and EchoVC Partners, a seed and early stage venture capital firm focused on North America, Africa and Southeast Asia. EchoVC’s investment was structured through its EchoVC Pan-Africa Fund. The fresh investment will be used to expand Hotels.ng’s platform of Nigerian hotels in the next three years and finance the company’s coverage expansion across Africa.