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    HomeEcosystem NewsLaunch Africa Investment Series: Servisor, a South African Car Service Marketplace Joins...

    Launch Africa Investment Series: Servisor, a South African Car Service Marketplace Joins the List

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    Launch Africa Ventures, a prominent Pan-African venture capital firm, has announced its investment in Servisor, a South African online marketplace for car servicing, as part of its $100 million Fund II.

    Servisor is a digital platform that allows car owners to compare prices, ratings, and discounts from various service providers, and book appointments instantly. The platform aims to bring transparency and fair competition to the South African car service industry, particularly in light of the recent Right to Repair legislation.

    This investment is part of Launch Africa’s broader strategy to support innovative, technology-driven startups across the African continent. The firm’s Fund II has already deployed $4.3 million across 16 startups in 11 African countries, spanning a variety of sectors including fintech, logistics, health tech, and clean energy.

    “Servisor is addressing a crucial gap in the South African motor industry by promoting transparency and empowering consumers,” said a spokesperson for Launch Africa Ventures. “We believe the platform has significant potential to transform the car service experience and create value for both customers and service providers.”

    Founded in 2022 by Cale Hollis, Servisor has quickly gained traction in the market, leveraging the growing demand for convenient and transparent car service solutions. The platform’s user-friendly interface and comprehensive service offerings have resonated with car owners seeking a hassle-free way to maintain their vehicles.

    Launch Africa’s investment in Servisor is a testament to the growing interest in the African startup ecosystem. The firm’s first fund, which closed at $36.3 million in 2022, achieved impressive returns, demonstrating the potential for high-growth, impact-driven ventures in Africa.

    As Launch Africa continues to deploy its Fund II, it is expected to further catalyze the growth of the African tech ecosystem, supporting startups that are addressing critical challenges and driving economic development across the continent.

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