A new investor just joined Asoko Insight, a firm that provides data and analysis on African financial markets. The company just received $1.35 million from Singularity Investments which funds firms with high-potential.

With the $1.35 million funding, Asoko Insight will be able to further build its data collection capacity across its main markets, namely Nigeria, Kenya and Ghana. The data will concern leading private firms. Data collected by Asoko is provided to global corporates, investors, governments and African businessmen around the world. Established in 2013, the company is based in London and has research offices in Lagos, Nairobi and Accra.

“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,” said Asoko Insights’ managing director, Rob Withagen.

Singularity Investments is based in Lagos, Nigeria. The firm says it does not limit itself to “investments’ size or specific requirements”. It adapts to the needs of companies, especially those with a great processing capacity and progressive business models.

Singularity Investments is headed by business mogul Issam Darwish, CEO and founder of IHS Towers, telecom infrastructure firm in Africa with $4 billion of assets.

Assongmo Necdem