LAfricaMobile, a prominent player in cloud communication and artificial intelligence (AI), has successfully concluded its Series A funding round, securing a total of €6.5 million ($7 million). The funding journey began with an initial round of €4.3 million ($4.5 million) in April, with significant contributions from key investors including Janngo Capital, Southbridge Investments, Ciwara Capital, KJ Holding, Audentes Capital, DMG Promotion, and 150 O bter. The round was finalized with additional backing from Bpifrance.
This significant financial milestone reinforces LAfricaMobile’s mission to empower African businesses by facilitating multichannel and inclusive customer interactions through mobile communication.
Malick Diouf, CEO of LAfricaMobile, underscored the importance of this achievement:
The finalization of this Series A of €6.5 million ($7 million) marks an important step for the development of LAfricaMobile,” he stated. “This demonstrates investors’ confidence in our value proposition for the Cloud Communication and AI market in Africa and underscores our ability to meet the needs of African companies for seamless customer interaction.
Diouf also highlighted the company’s dedication to delivering impactful solutions across a variety of sectors, including banking, insurance, fintech, health, education, agriculture, public services, and environmental initiatives.
Raymond Mendy, Executive Director of LAfricaMobile, expressed excitement about the company’s forthcoming phase:
LAfricaMobile is at a crossroads in its development strategy. We face the dual challenge of expanding coverage in French-speaking Central Africa and the opportunity to support public and private organizations in their digital transformation processes. Our tailored service offerings are designed to address the needs of these communities effectively.
The Series A funding will play a crucial role in accelerating LAfricaMobile’s expansion and enhancing its technological capabilities, ensuring it maintains its leadership position in the cloud communication and AI landscape of French-speaking Africa.
