Jumia Picks Up $150 Million In Series C, Now Valued At Half A Billion Dollars

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Recently listed as a “proven winner” in Rocket Internet’s H1 2014 report, Jumia has picked up another $150 million in a third round of funding from existing investors.

Although a long way from a profit still, Jeremy Hodara, co-CEO of Africa Internet Group said in the official announcement that the new round is a show of confidence in the startup’s vision of ecommerce on the continent.

In another statement from Rocket Internet, Jumia’s post-money valuation is put at 445 million Euro, or just over half a billion dollars. The latest series C round of funding brings the total amount Jumia has raised to a total of $210.5 million since its founding in 2012.