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Termii, a Nigerian CPaaS startup, has raised $1.4 million in seed funding 

Tech Gist Africa by Tech Gist Africa
03/22/2021
in Business, Digital transformation, Entrepreneurs, Investments, Made In Africa, News, People, Startups, Venture Capital
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Termii, Nigerian CPaaS startup

Termii, Nigerian CPaaS startup

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Termii, a Nigerian communications platform-as-a-service (CPaaS) startup that helps African businesses solve this issue, announced today that it has raised $1.4 million in a seed round.

Future Africa, an African early-stage VC company, and Kepple Africa Ventures, a Japanese yet Africa-focused VC, co-led the round. Acuity Ventures, Aidi Ventures, Assembly Capital, Kairos Angels, Nama Ventures, RallyCap Ventures, and Remapped Ventures are among the other investors.

Angel investors included Ham Serunjogi, the co-founder and CEO of Chipper Cash, Josh Jones, the former co-founder and CTO of Dreamhost, and Tayo Oviosu, the co-founder and CEO of Paga.

The seed funding, which comes a year after Termii graduated from YC, will be used to expand and introduce new messaging offerings across Africa, with a physical presence in Algeria.

Read More on Tech Gist Africa:

Dayra, an Egyptian FinTech firm, receives a $3 million investment, joins Y Combinator’s Winter 2021 batch

Fintech in Egypt NowPay raises new funds a Pre-Series A round, joins Y Combinator ongoing Winter 2021 batch

AfriBlocks, a Zimbabwean freelancing startup, has been accepted into the Techstars Seattle accelerator program

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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