• Latest
  • Trending
MoKo Home + Living raises $6.5m for expansion

MoKo Home + Living raises $6.5m for expansion

October 20, 2022
Emergent secures $23M to launch AI app builder in MENA

Emergent secures $23M to launch AI app builder in MENA

September 27, 2025
Larry Ellison’s Oracle names two new CEOs amid TikTok’s deal

Larry Ellison’s Oracle names two new CEOs amid TikTok’s deal

September 27, 2025
5 Stunning Google Tools To Aid Your Business

5 Stunning Google Tools To Aid Your Business

September 27, 2025
GPayments integrates fraud-prevention solutions into Apaya’s platform

GPayments integrates fraud-prevention solutions into Apaya’s platform

September 27, 2025
Trump gives go-ahead for TikTok’s sale

Trump gives go-ahead for TikTok’s sale

September 27, 2025
After FairWinds’ acquisition, Com Laude is set to acquire MarkMonitor

After FairWinds’ acquisition, Com Laude is set to acquire MarkMonitor

September 27, 2025
Kenya’s Ilara Health slashes staff in restructuring move

Kenya’s Ilara Health slashes staff in restructuring move

September 27, 2025
MultiChoice Kenya loses 3.4 million subscribers in 12 months amid rising adoption of streaming services

MultiChoice Kenya loses 3.4 million subscribers in 12 months amid rising adoption of streaming services

September 27, 2025
NBE recognises Arifpay as Ethiopia’s first licensed private switch operator

NBE recognises Arifpay as Ethiopia’s first licensed private switch operator

September 27, 2025
Jiji’s expansion in Africa: Anton Volianskyi on scaling, trust, and the future of e-commerce

Jiji’s expansion in Africa: Anton Volianskyi on scaling, trust, and the future of e-commerce

September 26, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

MoKo Home + Living raises $6.5m for expansion

Staff Writer by Staff Writer
October 20, 2022
140 10
0
MoKo Home + Living raises $6.5m for expansion
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Moko Home + Living, a Kenyan furniture startup, is reaching high for continuous growth and development, taking advantage of Kenya’s thriving furniture industry.  The company has just raised a $6.5 million Series B debt-equity funding round for expansion in the Kenyan market. 

Moko plans to utilize the money from the deal to enhance its offline sales and purchase more equipment in addition to its primary goal of expanding in the Kenyan market.

This funding round was co-led by U.S.-based investment fund Talanton and Swiss investor AlphaMundi Group. Novastar Ventures, which co-led the firm’s Series A round, and Blink CV also made follow-on investments. 

Kenya’s Victoria Commercial Bank offered $2 million in debt financing, as Talanton also extended $1 million in mezzanine financing—debt that can be turned into equity.

RelatedPosts

No Content Available
Read also: In Kenya, Tushop secures $3 million in pre-seed funding

According to co-founder Eric Kouskalis, “We entered this market because we saw a real opportunity to guarantee and deliver quality furniture. We also wanted to bring convenience to customers by making it easy for them to buy home furniture, the largest asset for most families in Kenya. We also wanted to add convenience to clients by making it simple for them to acquire house furniture, the biggest asset for most families in Kenya”.

 “The potential for growth is what excites us the most. There’s still so much room to better serve millions of families in Kenya. That’s just the beginning — MoKo’s model is relevant for most markets in Africa, where families face similar obstacles in making comfortable, welcoming homes,”  he added.

The company plans for more expansion and development in the near future

MoKo has invested in equipment that can handle intricate woodworking designs programmed by the engineers and execute them accurately in seconds, demonstrating the use of digital technology in the company’s assembly lines, which is claimed to have contributed to the group’s increased efficiency and output. Additionally, by utilizing the automatic recycling equipment and algorithms that assess the best usage of basic resources, the company has been able to lower the rate of waste.

Miriam Atuya of the AlphaMundi Group said, “We were quite pleased with MoKo’s ability to produce locally in a way that doesn’t negatively impact the environment. The company is a leading innovator in the industry because they’ve turned sustainability into a remarkable commercial advantage. Every step they’ve made on this front not only preserves the environment but also increases the durability or affordability of MoKo’s products to clients”.

MoKo plans to expand into three new markets by 2025 to meet the rising demand for furniture throughout the continent, fueled by rising populations, higher incomes, and more populated cities.

Egypt’s eCommerce startup Homzmart acquires German MockUp Studio

About MoKo

MoKo was created in 2014 by Eric Kouskalis and Fiorenzo Conte as Watervale Investment Limited, an organization aimed to fix raw material supply issues for furniture producers. However, in 2017, it transitioned and initiated a trial for its first consumer product (a mattress), and after one year, the MoKo Home + Living brand was launched to serve the mass market.

The firm, which partners with LipaLater and FlexPay, has expanded fivefold in the past three years, and its products are now in more than 370,000 Kenyan households. It aims to sell to millions of households over the next three years as it ramps up manufacturing and expands its product portfolio. Among its current offerings is the well-known MoKo mattress.

Tags: MoKo
Staff Writer

Staff Writer

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.