Monday, June 17, 2024
No menu items!

Top 5 This Week

bama cap

Related Posts

Ethiopian construction-tech startup ConDigital secures pre-seed funding round for expansion.

- Ad-
Share this

ConDigital, an Ethiopian construction-tech startup, has raised a pre-seed funding round to help it extend its presence in Ethiopia and beyond East Africa.

ConDigital, which was launched in January 2019, digitizes the construction project management process for contractors, consultants, and owners. Data calculation, processing, and reporting are among the services it offers, as are schedule, resource, and financial management, communication channels, centralised cloud file storage, and analytics.

After being accepted into The Baobab Network’s accelerator program in 2019, ConDigital received US$25,000 in funding and has since raised an undisclosed amount of seed funding. The round will help the startup cement its presence in Ethiopia and begin to expand across the East African region, led by an investor from the United States (US) and including angel investors from East Africa, Europe, and Asia.

- Ad -

“We created ConDigital to serve real issues that have dire effects on our country and continent. Infrastructure is at the heart of the African renaissance; we envision that ConDigital will play a great role in making it efficient. We are happy and extremely lucky to receive support from investors whose years of expertise in SaaS and the African market are solid. Their insight and advisory will serve as a fuel for our growth. We are excited for the future,” said chief executive officer (CEO) and co-founder Abel Gebreananya.

Share this
- Ad -
Weddy Thuranira
Weddy Thuranira
Weddy profiles new startups and innovators across Africa and announces funding rounds, mergers, acquisitions and startup partnerships across Africa. She is based in Nairobi, Kenya. Reach her and the entire news desk at [email protected]

Popular Articles