Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investment

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Image Credits: Peach Cars

Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and Hiroaki Ohta (general partner at Japan’s Waseda University Ventures).

The startup, founded by Kaoru Kaganoi and Zachary Petroni in 2020 to democratize car…

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