Swoop Raises $7.3M Seed to Expand Food Delivery in Nigeria

In Short

Swoop raised $7.3 million in seed funding on April 23, 2026, to expand from Eswatini into Nigeria, starting with food delivery as the first step in its super app plan.

What Happened: Swoop’s $7.3M Seed Round

Swoop is an Eswatini-based food delivery startup. It is moving into Nigeria for the first time.

The company’s seed round totaled $7.3 million. TechCabal reported that the investors include Long Journey, Variant, Version One, Dune Ventures, Soma Capital, Zero Knowledge Ventures, Walter Kortschak, and Base Capital.

Swoop’s Nigeria country manager, Demola Adesina, said the raise gives the company more runway. Runway is the time a startup can keep operating before it needs more money.

Swoop plans to build a consumer platform that starts with food delivery. A “super app” is a single app that bundles many services, like ordering food, paying bills, and other everyday tasks.

Why This Matters

Swoop’s seed raise is one of the largest disclosed seed rounds for an African consumer startup. It is close in size to the $9 million Series A that Chowdeck raised in August 2025 after expanding across multiple Nigerian cities.

Nigeria is a tough market for food delivery. But Swoop is betting on market growth, not just stealing users from competitors.

Adesina argued that food delivery is still under-penetrated in Nigeria. Under-penetrated means many people who could use the service do not yet order delivery.

Swoop also pointed to payments data and market estimates to back the thesis. Paystack, which processes payments for Swoop and other delivery apps, said the sector grew 187% between 2021 and 2024, according to figures cited in the report.