RWANDA GAHIGIRO CAPITAL SUPPORTS SUPER APP GOZEM SECURE $5M SERIES A ROUND
Kigali, Rwanda | 28 January 2022
(Kigali, Rwanda) Gahigiro Capital Ltd., a Rwanda based corporate finance advisory firm, has successfully supported Gozem in the raising of both its seed & series A rounds along with a couple of other advisory firms. Via Gahigiro Gozem has secured funding from a unique collection of global venture capitalist investors. The funding will play an instrumental role in Gozem’s acceleration as a super app scaling across West & Central Africa.
According to Gahigiro Capital’s managing director Michael Shema working with Gozem has been a success, “Gahigiro Capital is extremely proud to have closely worked with the Gozem management team on both its seed-2 & series A rounds. “Gahigiro Capital is excited about the quality of investors we were able to bring on board; whom we have no doubt will add significant value to Gozem long-term. This transaction also holds significant value for Gozem countries of operations, which are often overlooked by most African focused VCs” Shema adds
Gahigiro Capital has worked with Gozem since early 2020 to secure global investments for the fast-growing app. Gahigiro’s support to Gozem pre-series A brought Gozem additional institutional investors to its shareholder base and partnerships with top Asian based funds. The institutional investors committed to support Gozem in providing access to their portfolio companies and providing access to potential partnerships with international strategic groups.
According to Gozem co-founder Raphael Dana,the series raising process was a success for both Gozem and Gahigiro Capital, “We enjoyed working with Gahigiro Capital on this raising as they brought about an innovative capital pool who are at the same time quality institutional investors. Gozem has walked this journey with Gahigiro Capital since our seed raising rounds thus affirming our strong and long- term relationship,” says Raphael.
Gozem was launched in Togo in 2018 to deliver world-class digital services to under-served populations. Using transportation as their entry point, Gozem began as a motorcycle ride hailing app with 100 drivers. Today, the app is available in four countries across Francophone West and Central Africa with over 5 million trips completed and has evolved into a super app with a suite of services that includes food and parcel delivery, e-commerce payments, and fintech services.
Gozem, together with Gahigiro Capital, plans to keep on working together oin future capital raising rounds to follow
Gozem is Africa’s super app. The app, available for Android and iOS, provides a suite of services, including transportation, e-commerce, and financial services, to three types of customers in French-speaking sub-Saharan Africa: consumers, transportation providers, and businesses.
Gozem currently operates in 10 cities across Togo, Benin, and Gabon with more than 500,000 registered users who have completed more than 2.5 million trips since its launch in November 2018.