Christmas Truce 1914

Corporate market intelligence startup, Asoko Insight, just announced an undisclosed funding from Singularity Investments. This investment is to further build the data collection capacity of the company, enabling it monitor leading privately held companies in their top markets.

This is good news for the company who completed its $1.35 million seed funding round two years ago. Founded in 2013, Asoko Insight provides data and analysis on African companies to global corporates, investors, governments and African players. Their top markets are in Nigeria, Ghana and Kenya.

New investors, Singularity Investments, will join North Base Media, CRE Venture Capital, Emergo Partners and J.E. Berman Associates on the list of Asoko Insight’s investors. Specialising in high-growth companies operating in Africa’s technology sector, the company is  a private establishment that provides capital to nurture early-stage or transformational companies that have scalable business models.

Speaking on the deal, Managing Director, Rob Withagen said, “With Singularity we have found a strategic partner whose know-how, relationships, and understanding of Africa’s burgeoning data industry offers tremendous value to Asoko’s deepening presence in our focus markets”.

Singularity Investments also feels the same way. In the words of Principal Investment Officer, Lexi Novitske, “We see a substantial need for private business intelligence in Africa. Singularity is delighted to support Asoko Insight’s strong team as they build a robust platform, providing global companies with the key data and research tools necessary to make informed business decisions throughout the African market.”

We’re going to be hearing a lot more from Singularity Investments. Word is, Lexi Novitske is planning a four-part investment advice series. The series will run every Thursday, starting from this Thursday.

Read this next
More From TC
Internet, Politics, Technology
19th December 2018

The vice presidential debate is over and Nigerian Twitter is awash with comments about how smart some of the candidates’ responses were and how some others simply fell hand. Anticipation ahead of the elections is building just as is excitement around the potential usefulness of blockchain technology across various fields. Sadly, some of us may not even get the chance to cast a vote next year.

TC Townhall: The State of Healthtech in Nigeria will convene some of the leading healthcare innovators, investors and policymakers to discuss the challenges and opportunities in the sector. As well as put together proposals that policymakers can implement to support the rapid growth of the sector.

Features, Gadgets, Technology
15th December 2018

As far as I can recall, I’ve owned seven phones in the last nine years, four of which forcefully ended up with people who needed them more than I did. Out of the remaining three, I recall handing one down to a younger sibling and disposing another in a waste bag during spring cleaning. I haven’t given much thought to where my current phone will end up when it no longer serves its purpose. Until now.

TechCabal is a Big Cabal Media brand

Copyright © 2019
All rights reserved

Privacy & Terms