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LAfricaMobile Closes its $7 Million Series A Funding to Drive Cloud Communication and AI in Africa
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LAfricaMobile Closes its $7 Million Series A Funding to Drive Cloud Communication and AI in Africa
LAfricaMobile, a leader in cloud communication and artificial intelligence (AI), has successfully closed its Series A funding round, raising a total of €6.5 million ($7 million).
The funding, which includes a €4.3 million ($4.5 million) initial round in April and support from key investors such as Janngo Capital, Southbridge Investments, Ciwara Capital, KJ Holding, Audentes Capital, DMG Promotion, and 150 O bter, was finalized with backing from Bpifrance.
This milestone solidifies LAfricaMobile’s mission to empower African businesses by enabling multichannel and inclusive customer interaction through mobile communication.
Malick Diouf, CEO of LAfricaMobile, highlighted the significance 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 said.
“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,” he added.
Diouf also emphasized the company’s commitment to delivering impactful solutions across various sectors, including banking, insurance, fintech, health, education, agriculture, public services, and environmental initiatives.
Raymond Mendy, Executive Director of LAfricaMobile, expressed enthusiasm about the company’s next 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 be instrumental in accelerating the company’s expansion and enhancing its technological capabilities to maintain its leadership position in French-speaking Africa’s cloud communication and AI landscape.
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