# MAX funding: rounds and investors

> MAX has raised $76M across 3 rounds since 2017. Investors include Techstars, Endeavor Catalyst and Breakthrough Energy. Every round with its source.

Source: https://millionrounds.com/company/max (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Series B startup](https://millionrounds.com/companies)

# Who invested in *MAX*

3 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs Cleantech Construction Fintech

Raised 1 month ago

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Funding summary Updated 5 Nov 2026

**$76M** raised across 3 rounds since 2017, from 5 sources

**$23M** Round **$24M** Series B **$29M** Series B

- **Latest round:** Series B, $29M Oct 2026
- **Step-up i:** 1.2×
- **Investors:** 10

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2017 2019 2021 2023 2025

**$23M** Round

**$24M** Series B

**$29M** Series B

- **First round:** Round, $23M
- **Biggest round:** $29M
- **Usual gap between rounds:** 8.7 years

## The rounds

- **Oct 2026** Series B **$29M** *1 new* [Nithio](https://millionrounds.com/fund/nithio) Reported by Google News search and 2 others
- **Jan 2026** Series B **$24M** *8 new* [Techstars](https://millionrounds.com/fund/techstars) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Endeavor](https://millionrounds.com/fund/endeavor) [Lightrock](https://millionrounds.com/fund/lightrock) [Novastar Ventures](https://millionrounds.com/fund/novastar-ventures) [Energy Entrepreneurs Growth Fund (EEGF) managed by Triple Jump](https://millionrounds.com/fund/energy-entrepreneurs-growth-fund-eegf-managed-by-triple-jump) [Equitane DMCC](https://millionrounds.com/fund/equitane-dmcc) Reported by Disrupt Africa
- **Jun 2017** Round **$23M** *1 new* [Credit Mutuel Arkea](https://millionrounds.com/fund/credit-mutuel-arkea) Reported by FinSMEs

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2017 **Series B** 2026 **Series B** 2026 [Techstars](https://millionrounds.com/fund/techstars) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Endeavor](https://millionrounds.com/fund/endeavor) [Lightrock](https://millionrounds.com/fund/lightrock) [Novastar Ventures](https://millionrounds.com/fund/novastar-ventures) [Credit Mutuel Arkea](https://millionrounds.com/fund/credit-mutuel-arkea) [Nithio](https://millionrounds.com/fund/nithio) [Energy Entrepreneurs Growth Fund (EEGF) managed by Triple Jump](https://millionrounds.com/fund/energy-entrepreneurs-growth-fund-eegf-managed-by-triple-jump) [Equitane DMCC](https://millionrounds.com/fund/equitane-dmcc)

## Everyone who backed them

[Techstars](https://millionrounds.com/fund/techstars) VC firm **1** round

[Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) Corporate VC **1** round

[Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) VC firm **1** round

[Endeavor](https://millionrounds.com/fund/endeavor) Corporate VC **1** round

[Lightrock](https://millionrounds.com/fund/lightrock) VC firm **1** round

[Novastar Ventures](https://millionrounds.com/fund/novastar-ventures) VC firm **1** round

[Credit Mutuel Arkea](https://millionrounds.com/fund/credit-mutuel-arkea) Corporate VC **1** round

[Nithio](https://millionrounds.com/fund/nithio) Growth equity **1** round

[Energy Entrepreneurs Growth Fund (EEGF) managed by Triple Jump](https://millionrounds.com/fund/energy-entrepreneurs-growth-fund-eegf-managed-by-triple-jump) Growth equity **1** round

[Equitane DMCC](https://millionrounds.com/fund/equitane-dmcc) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=max).

## Quick answers about MAX

### Who invested in MAX?

MAX's investors include Techstars, Endeavor Catalyst, Breakthrough Energy, Endeavor and Lightrock, and 5 more on record.

### How much has MAX raised?

MAX has raised $76M across 3 rounds since 2017.

### When did MAX last raise?

MAX's most recent round was a Series B of $29M in Oct 2026.

### What was MAX's biggest round?

Its most recent round, $29M in Oct 2026, is also its largest on record.

### Who backed MAX first?

MAX's first round on record, in Jun 2017, was backed by Credit Mutuel Arkea.

### What stage is MAX at?

MAX's latest named round is a Series B, in Oct 2026.

### Where is MAX based?

MAX is based in Nigeria.

## Companies like MAX

In the same sector, and raised in the last eighteen months.

[**Nomba** $33M · Sept 2026](https://millionrounds.com/company/nomba)[**Yellow Card** $73M · Aug 2026](https://millionrounds.com/company/yellow-card)[**Moove** $350M · Aug 2026](https://millionrounds.com/company/moove)[**Daya** $2.4M · Jun 2026](https://millionrounds.com/company/daya)[**CreditChek** $600K · Jun 2026](https://millionrounds.com/company/creditchek)[**BFREE** $3.0M · May 2026](https://millionrounds.com/company/bfree)

## Find investors like these

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