Ivorian cloud comms startup LAfricaMobile raises $4.6m Series A
TLDR
- Ivory Coast-based cloud communication startup LAfricaMobile secures $4.6 million Series A funding round for expansion in French-speaking Africa
- Founded in 2014, LAfricaMobile offers mobile communication services like SMS, USSD, voice, and WhatsApp
- Funding led by Janngo Capital with participation from French footballers, Expensya founders, and VC firms aims to accelerate regional growth and enhance products with artificial intelligence
Ivory Coast-based cloud communication startup LAfricaMobile has secured a $4.6 million Series A funding round to power its expansion across French-speaking Africa. Established in 2014, the company enables clients to execute extensive communication campaigns via mobile technologies such as SMS, USSD, voice, WhatsApp, airtime, and text-to-speech.
Led by Janngo Capital, the funding round also saw participation from notable figures including French footballers Aurélien Tchouaméni and Jules Koundé, alongside Expensya founders Karim Jouni and Jihed Othmani, and VC firms SouthBridge Investments and Ciwara Capital.
LAfricaMobile plans to use the funding to expedite its growth in the region, facilitate the development of operations in Central Africa, and enable further investment in its products, focusing on integrating artificial intelligence to enhance value for customers and partners.
Key Takeaways
Prominent figures in the world of sports and music are deploying some of their substantial fortunes to support startup ventures. This trend is instrumental in bolstering a burgeoning tech ecosystem in dire need of increased local capital, particularly crucial for fledgling startups needing assistance. But it's not just the financial contribution that celebrities—from tennis star Serena Williams to Afrobeats icon Davido—offer to local startups. They also bring their extensive networks and fan bases to the table with their widespread recognition helping shine a spotlight on promising startups. LAfricaMobile operates at the convergence of telecommunications, marketing, and financial services, effectively tapping into a combined market projected to reach $150 billion by 2030. The startup supports over 300 companies across Africa and forges over 60 partnerships with telecom operators on the continent.
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