Strive Masiyiwa's Cassava secures $90m equity investment
Cassava Technologies, founded by Zimbabwean businessman Strive Masiyiwa, has closed an equity investment round of $90 million.
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Cassava Technologies, founded by Zimbabwean businessman Strive Masiyiwa, has closed an equity investment round of $90 million with participation from the U.S. International Development Finance Corporation (DFC), Finnfund and Google.
The conclusion of this equity round coincides with the reorganisation of Cassava’s business to create an integrated digital solutions platform. This platform provides broadband connectivity, co-location data centres, cloud, cybersecurity, compute (AI), and payment services across more than 30 markets in Africa, the Middle East, India, and Latin America. Cassava’s business units include Liquid Intelligent Technologies, Africa Data Centres, Liquid C2, Cassava.ai, and Sasai Fintech.
In addition to DFC, Google, and Finnfund, Cassava’s shareholders are Econet Group, British International Investment, South Africa’s Public Investment Corporation, Royal Bafokeng Holdings, African Export-Import Bank, and Gateway Capital.
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