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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»SouthAfrica’s SweepSouth Raises $11 Million in Funding
    SOUTHAFRICA’S SWEEPSOUTH RAISES $11 MILLION IN FUNDING

    SouthAfrica’s SweepSouth Raises $11 Million in Funding

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    By Oluwasegun Olukotun on September 27, 2022 Africa, Funding, Home, Investments

    South Africa’s online home services platform, SweepSouth, has secured $11 million in a funding round led by Alitheia IDF with participation from current investors like Naspers Foundry, The Michael and Susan Dell Foundation, and Futuregrowth Asset Management. New investors like Endeavor Catalyst, Endeavor’s Harvest Fund II, Caruso Ventures and E4E Africa also participated in the round.

    SweepSouth will use the new funding to drive its expansion and grow its infrastructure.

    Co-founded in 2014, by Aisha Pandor and Alen Ribic, SweepSouth provides on-demand home services. It currently operates in cities in South Africa, Nigeria, Kenya and Egypt.

    Alitheia IDF is a pioneering private equity fund that identifies, invests in and grows SMEs led by gender-diverse teams to achieve superior financial returns and social impact for communities in Africa.

    Speaking on the new fund raised, Co-founder, Aisha Pandor said, “This new funding round is an important one for our team as we continue to scale in South Africa, and further grow our operations in Kenya, Nigeria, and Egypt. We’re excited to continue SweepSouth’s work in connecting customers with home service providers across the continent, building a platform that empowers domestic workers and local tradespeople.”

    Polo Leteka, principal partner at Alitheia IDF said, “We are proud to support SweepSouth’s growth as it expands its platform that substantially improves the financial and social outcomes for domestic workers across Africa, most of which are women,”.

    Alen Ribic, the co-founder of SweepSouth, said, “We’re excited about bringing new shareholders on board in our mission to build technology that aids in providing meaningful connections – giving customers access to safe, convenient services, and home service providers access to decent work opportunities under dignified conditions.” 

    Related

    Alitheia IDF Fund Funding SweepSouth
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    Oluwasegun Olukotun

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    1. Pingback: SweepSouth pauses Nigerian operations due to unfavourable conditions - Innovation Village | Technology, Product Reviews, Business

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