Online Real Estate Marketplace, ToLet.Com.Ng Has Secured $1.2 Million Investment From Frontier Digital Ventures

Tolet, an online real estate platform where you can rent and sell property in Nigeria has secured $1.2 million funding from Frontier Digital Ventures.

Tolet was founded in 2012 by 3+ wise men (Fikayo Ogundipe, Sulaiman Balogun, Dapo Eludire and Seyi Ayeni) who saw a difficult in the way people sell and rent property in Nigeria. Speaking on the fund, Fikayo Ogundipe, cofounder and CEO said ““The new funds raised will be used to improve the platform’s technology offering to both property seekers as well as that used by listing agents. The rest of the funds will be channelled into improved marketing efforts and aggressive expansion across Nigeria over the next 12–18 months.”

Frontier Digital Ventures founder and CEO, Shaun Di Gregorio noted that, “We are super excited to be making this investment into, and look forward to being part of helping fuel their next stage of accelerated growth. We have full confidence in the ability of the founding team to continue with the awesome job they have already started and we look forward to the consolidation of their position as the Number One property classifieds portal in Nigeria.”

ToLet is a website that helps users find property for sale or rent in different parts of Lagos. Listings that can be found on the site include cheap apartments, serviced apartment, luxury apartments, and office spaces. In recent times, there are about 20,000 properties from 143 parts of Lagos listed on the site.

Originally published at NoizMakaz.