No E-commerce like BoxCommerce, GHC at the National Science Week, Uganda.
Greenhouse Capital
We identify, invest in and accelerate the technology powering Africa's future
In the ever-shifting landscape of e-commerce, BoxCommerce emerges as a formidable player, distinguished by its steadfast and resolute approach. This all-encompassing platform seamlessly integrates website development, payment processing, shipping, and shop management, transcending mere convenience to usher in a new era of operational efficiency. Guided by the visionary entrepreneur, Craig McLeod , BoxCommerce embarked on its remarkable journey in 2017. McLeod personifies a unique fusion of unwavering commitment to excellence and a humble presence in the fiercely competitive e-commerce sphere. Greenhouse Capital's strategic investment in Craig and BoxCommerce is a testament to our shared belief in his potential to catalyze a significant transformation in the industry, in perfect harmony with our core values of resilience and unwavering dedication to excellence. A Cut Above the Rest. Boxcommerce has achieved an astounding 23-fold growth rate in just 5 months in the Kenyan market, surpassing Shopify (number of merchants). According to Craig, Boxcommerce's distinctiveness lies in its market-centric design, catering to the unique needs of the regions it serves (Africa and South East Asia). This involves incorporating mobile money-compatible payment methods and region-specific delivery solutions, departing from the one-size-fits-all approach. Furthermore, Boxcommerce's adaptability extends to operating seamlessly on entry-level smartphones and boasting complete social commerce capabilities, thanks to its affiliation with Meta.
BoxCommerce stands out among its competitors due to its comprehensive and customer-centric platform. It features a seamlessly structured pricing model, extensive functionality, and unwavering customer support, available for both monthly and annual subscribers. Let's delve into the product's key attributes :
Behind BoxCommerce lies a powerhouse used by renowned brands such as Philips, Safaricom, Caterpillar, Reebok, and more. It boasts over a million SKUs, a daily transaction capacity of two million, and a two-petabyte data processing capability. Additionally, BoxCommerce assists brands in establishing and managing extensive reseller networks, with unified inventory and logistics management, real-time handling of multi-party settlements, and payments, making reseller network success attainable.
Listen to what Craig had to say about us?here .
We're happy?to announce that we have been tapped to Uganda Investor Summit Day which GHC is co-hosting alongside the UG Ministry of Tech during the National Science Week. This unique occasion is designed to foster investment and innovation in Uganda.
1. Elite Gathering of Investors. This invite-only event features 50+ influential investors from around the world, all ready to invest and make a difference. You'll connect with top decision-makers from renowned firms such as Emurgo, Breega, Rarebreed, BFA Global, AfricInvest, Speedinvest, Flat6labs, Norrsken, Hoaq, Transsion and more.
2. Insightful Sessions. The?Investor Summit Day of the National Science Week offers a day filled with invaluable discussions. Engage with government officials, local corporates, family offices, and investors on crucial topics related to Ugandan tech investment and innovation.
3. Tailored Networking. Tell us who you'd like to connect with, and we'll make it happen. We're here to facilitate meaningful interactions for you.
Showcasing Uganda's Potential. We're excited to be a part of Uganda's growing tech ecosystem and highlight our portfolio companies, especially those in Uganda or planning to expand there within the next year.
Post-Event Insights. Expect post-event videos and pictures to capture the highlights and insights of Uganda Science Week.
Join us in shaping the future of Ugandan tech and investment. If your company is in Uganda or planning to expand there soon, we have free passes for you.
Watch a snippet of the 2022 Ugandan Science Week?here .
RAISE Global Summit
The eighth annual RAISE Global Summit , hosted at The Presidio in San Francisco this past October, convened over 700 emerging managers in a quest to forge connections with discerning limited partners (LPs). The LP Selection Committee?extended invitations to 100 GPs, with 20 of them gracing the main stage to present their pioneering funds. Our esteemed partner, Bunmi Akinyemiju, played a pivotal role by participating in an illustrious panel alongside prominent LPs, Christine Kenna , Michael McFadgen , Nik Milanovi? , and Tahira Dosani , delving into the emerging trends of the global fintech sphere.
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The event provided a rich tapestry of networking opportunities, including panel discussions, small group sessions, a lively afterparty, and an exclusive LP-Only dinner, complemented by a comprehensive database empowering LPs to explore manager profiles and engage with funds aligned with their investment objectives, while GPs seized the chance to spotlight their innovative offerings.
Vibranium Valley Hosts Ms. Joy Basu, Deputy Assistant Secretary Bureau of African Affairs U.S Department of State.
Merely a month following the visit of Mr. Wale Adeyemo from the U.S. Department of the Treasury to Vibranium Valley, we were honored to welcome Ms. Joy Basu , the Deputy Assistant Secretary from the Bureau of African Affairs at the U.S. Department of State. During this brief visit, our legal team, led by Uloma Herrington, where at the Vibranium Valley to welcome them and aptly represented our interests.
ICYMI, here's what we're reading:
Max welcomes UK Foreign Secretary, Hon. James Cleverly to unveil their groundbreaking MAXe Electric Vehicles and innovative Battery Swap Technology, redefining sustainability and mobility in Africa.
Kuunda presents key metrics since its inception in December 2019: Over 5.5 million customers served, a remarkable 179 million loans issued, and a staggering total loan value of $1,012,837,541 disbursed as of October 8th. Congratulations to the entire Kuunda team.
Wallets Africa introduces its multi-currency wallet "Spring" for effortless cashback and seamless Ethereum transactions, aligning with their mission of accessible finance. CEO John Oke heralds it as a significant stride in their journey. Check it out here.
Pezesha collaborates with FDS Kenya to offer tailor-made financial solutions to empower construction workers in Kenya. Discover more at the official announcement here .
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Always great to see GHC portfolio companies doing amazing work.