E-commerce startup, Livecopper, has obtained an fairness investment from Moa Holdings, based by Yuppiechef co-founders Andrew Smith and Shane Dryde.
South African e-commerce startup Livecopper, whose flagship product is an e-commerce platform for business professionals to supply constructing fixtures, has introduced an undisclosed fairness funding spherical from Moa Holdings. The funding shall be used to speed up progress and broaden Livecopper’s product choices.
Moa Holdings was based by e-commerce startup Yuppiechef co-founders Andrew Smith and Shane Dryden and can maintain a 20% stake in Livecopper. Yuppiechef was acquired by Mr Price in March 2021 for R470 million (~$25 million).
“We are excited to invest in Livecopper and to partner with its talented team,” mentioned Andrew Smith. “Livecopper is a well-established company with a strong reputation for quality and customer service. We believe that Livecopper has the potential to be a major player in the building fixtures industry, and we are committed to helping the company achieve its full potential.”
For Livecopper, managing director Alf Allingham said that the deal will enable the corporate to leverage the experience of Smith and Dryden within the e-commerce and retail sectors.
“They have a proven track record of success in the e-commerce and retail sectors, and they share our commitment to customer service and quality. We are excited to work with them to grow Livecopper and to meet the needs of our customers.”
Livecopper was based in 2012 by Allingham and Andrew Davies. The firm offers a one-stop e-commerce platform for business professionals to supply constructing fixtures, together with lighting, plumbing, and sanitaryware.
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