New Investments
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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like…

Ghana’s Oyster Agribusiness Gets Funding From Sahel Capital to Boost Smallholder Farmer Market Access
Sahel Capital, the fund manager for the Social Enterprise Fund for Agriculture in Africa (SEFAA), has approved a term and working capital loan of approximately $610,000 to support Ghanaian-based Oyster Agribusiness.

Kenyan startup Peach Cars secures $5 million seed investment
Kenyan startup Peach Cars KE has secured a $5 million seed investment to fuel its ambitious plans of transforming the automotive industry in Kenya.

BII, AfDB, and EBRD Commit $479M in Scatec’s Solar Project to Boost Egypt’s Clean Energy Capacity
The British International Investment (BII), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD)—have pledged a combined $479.1 million to Obelisk Solar Power, a project vehicle owned by renewable energy company Scatec.