Super app Gozem raises $5m series A funding
Gozem, the multi-vertical super app platform in West and Central Africa, announced the closing of a $5 million series A round raised from corporate and institutional investors spread across four continents with specialties in healthtech, fintech, and mobility.
The main investors of the round include: AAIC, Thunes, Momentum Ventures, Innoport Ventures, CMC Ventures and Liil Ventures.
This funding round follows $7 million raised in previous seed rounds from investors such as Plug & Play Ventures (USA), Launch Africa Ventures (South Africa), Bansea (Singapore), Virtual Network (Switzerland), and others. Including today’s series A, Gozem has raised a total of $12 million to date.
”We are excited and delighted to have attracted global investors that share our common vision of building digital ecosystems. This latest round of financing will be instrumental in helping Gozem develop more services in its super app and expand geographically,” said Gozem co-founder, Raphael Dana.
Launched in Lome, Togo in 2018, Gozem began as a single motorcycle-taxi ride-hailing service and in three years has become Francophone Africa’s leading super app with a portfolio of services that includes transport of passengers and goods, ecommerce and food delivery, financing, and soon digital banking.
Gozem’s team is now 250 members strong, split between its four active markets: Togo, Benin, Gabon and Cameroon. With this latest round of financing, Gozem will prepare its expansion into DRC, Senegal and Ivory Coast.
In addition to geographical expansion, Gozem will continue to deepen its vertical offerings especially in fintech with its lending and digital banking solutions.
”In the first eight months of operations of our vehicle leasing programme, Gozem has been able to lease close to 1,500 vehicles to drivers. This round of investment will help us accelerate this effort of providing easy and affordable financing solutions to drivers and lease more than 200,000 vehicles in the next three years,” said Gozem co-founder, Gregory Costamagna.
Gozem’s strategic investors will be instrumental in helping Gozem deepen its expertise in each of its business verticals.
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