Sabi: valuation, funding rounds and share price

The most recent valuation reported for Sabi in the deals we track is $300M (Post-money, reported in 2023), reported with its Series B in May 2023. Source: Sabi raises $38M Series B at $300M valuation.

Sabi has raised $38M across 1 disclosed round tracked by Africa Markets. Valuations are as reported at announcement and may not reflect current value.

No. Sabi is a private company and its shares are not listed on a stock exchange, so there is no public Sabi stock price. The most recent valuation reported was $300M in May 2023.

Sabi also appears as SABI in the Africa Markets trading demonstration, a members-only preview of our marketplace. Prices there come from a demonstration call auction in which members trade with demo cash; they are not real market prices, not a valuation of Sabi, and no real shares change hands. Members can view SABI in the demonstration.

Sabi provides digital commerce infrastructure and a B2B marketplace that connects informal merchants, suppliers, distributors, and global buyers. Originally focused on FMCG and retail digitization with embedded finance and logistics in Nigeria and Kenya, the company has pivoted to emphasize traceable commodity exports, particularly critical minerals such as lithium, cobalt, tin, and agricultural cash crops.

It operates the TRACE (Technology Rails for African Commodity Exchange) platform, which uses blockchain and digital passports for end-to-end traceability, ESG compliance, quality certification, and supply chain financing. Sabi serves over 250,000–300,000 merchants and smallholder producers/miners across Nigeria, DRC, Zambia, Zimbabwe, South Africa, and other markets, facilitating exports to buyers in the US, Europe, and Asia (over 20,000 tons of commodities monthly). The business model includes transaction fees, financing margins, and infrastructure services for compliant global trade.

The company was founded as a spin-off from Rensource Energy and is backed by multiple venture investors. It reported over $1 billion in annualized GMV by mid-2023 and has since grown revenue significantly through its minerals focus.