FundedIQ
Commerce and Shopping

Shemach: Funding, Investors & Team (Oct 2026)

Shemach operates as a B2B marketplace for small retailers.

shemach.co LinkedIn Addis Ababa, Ethiopia 11-50 employees
B2B E-Commerce Internet Marketplace
Total raised
$50k
Rounds
1
Latest
Pre-Seed
Sep 2022

Shemach has raised $50k across 1 funding round on record, the most recent a Pre-Seed of $50k announced in Sep 2022.

That round is below the $3.6M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.

Shemach Company Profile and Key Stats

Total funding raised
$50k
across 1 round on record
Funding rounds on record
1
Latest funding round
Pre-Seed
$50k in Sep 2022
Employees
11-50
reported band
Headquarters
Addis Ababa, Ethiopia

Latest funding round on record: Sep 2022.

Shemach Funding Rounds

Date
Round
Amount
Pre-Seed
$50k

Shemach Founders and Leadership Team

Name
Role
Contact
Dawit Nigusu
CEO
Locked

Contact details for the Shemach team: 1 of 1 has an email address on file.

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Shemach Funding Compared to Other Commerce and Shopping Startups

Segment
Companies
Median round
7
$250K
6,021
$600K

Shemach's latest round of $50k is below the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like Shemach in Commerce and Shopping and Addis Ababa

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Shemach Funding FAQs

What does Shemach do?

Shemach operates as a B2B marketplace for small retailers.

How much funding has Shemach raised?

Shemach has raised $50k across 1 round on record. The most recent is a Pre-Seed of $50k announced in Sep 2022.

When did Shemach last raise funding?

Shemach's most recent funding round on record is a Pre-Seed of $50k, announced in Sep 2022.

Who is the CEO of Shemach?

Dawit Nigusu is listed as CEO at Shemach.

Where is Shemach headquartered?

Shemach is based in Addis Ababa, Adis Abeba, Ethiopia.

How many employees does Shemach have?

Shemach is in the 11-50 employee band.

How does Shemach's funding compare to other Commerce and Shopping startups?

Shemach's latest round of $50k is below the $3.6M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.

About FundedIQ's Shemach Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Shemach is left off this page rather than filled in.

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