The Empower Africa Business Platform is Now Live !!!
Terragon, a leading data analytics company specializing in cloud-based solutions, has secured $9 million in a Series B funding round.
The funding round was led by Orange Ventures, with participation from TLcom Capital, LoftyInc, Sango Capital, VestedWorld, and Western Technology Investment (WTI).
The strong backing from these influential investors is a testament to the confidence in Terragon’s capabilities and the potential for significant growth in the cloud analytics sector.
Founded in 2009, Terragon is on a mission to revolutionize data analytics by harnessing the power of the cloud.
Over the years, the company has developed innovative solutions that help businesses extract meaningful insights from vast amounts of data, driving smarter decision-making and enhancing operational efficiency.
With the fresh infusion of capital from the Series B funding, Terragon plans to accelerate its growth and expand its reach into new markets.
The company will focus on scaling its cloud analytics platform, enhancing its data processing capabilities, and furthering its commitment to research and development.
“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.

Small Foundation has made an undisclosed investment in Unmarkets, a Nairobi-based venture builder that creates food and agricultural businesses with established African-owned companies.

Swedfund, Sweden’s development finance institution, is providing a $20 million loan to the Africa Go Green Fund to expand debt financing for businesses and projects that reduce greenhouse gas emissions across Africa.

Ventures Platform has closed its second institutional fund, VP Pan-African Fund II, at $84 million, exceeding its original $75 million target.