Finance

Kenya’s Copia Global raised $26mln expansion fund

Monday, 02 December 2019 15:11
Kenya’s Copia Global raised $26mln expansion fund

(Ecofin Agency) - Kenya’s e-commerce platform Copia Global has raised $26 million to finance its expansion across the country but also in the East African sub-region. Monies were provided by five investors including Amsterdam-based Goodwell Investments which already pumped $2 million in the company in January this year.

Copia Global, which begins operations in 2013 in Kenya, currently serves more than 180,000 consumers in rural areas through its network of more than 5,000 distribution points. The company targets a larger market of 3 billion low-income consumers in developing countries.
Let’s note that the new fundraising brings the total amount raised by the company since it started operation to $48 million.

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