Nigerian data and intelligence company, Stears has raised $3.3 million to enhance its data collection and analytics capabilities, acquire talent and expand into East and Southern Africa. This seed round was led by MaC Venture Capital. It also saw participation from Serena Ventures, Melo 7 Tech Partners, Omidyar Group’s Luminate Fund and Cascador.
The startup’s flagship product is Stears Insights, formerly known as Stears Business, a site that offers in-depth insight for finance professionals, using data. By crunching proprietary and publicly available data, Stears Insights is able to provide valuable insights for its individual and corporate clients.
Stears’ CEO Preston Ideh says that they know global professionals need their data and insight because banks, research firms, development organisations and investors are already using their early products.