Tunisian startup Galactech, a telecom VAS content aggregator, has raised a six-figure funding round to help it further develop its product and expand internationally.
Launched in 2016, Galactech offers content creators and startups the opportunity to sell their products in gaming, VoD, and utility to mobile network operator (MNO) clients.
The startup, which recently took part in the Orange Fab Tunisia accelerator and previously raised US$200,000 in seed funding, has now raised a six-figure investment from the Oman Technology Fund (OTF) and other business angels.
Galactech, which allows content creators and startups to provide value added services (VAS) to African and Middle Eastern MNOs, will use the funding to enter new international markets while proposing innovative solutions. It has already partnered with 30 international operators.
“GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation“
Are you an entrepreneur? Share your story with us and get featured on our platform send us an email email@example.com
Entrepreneurs and businessmen alike have a crucial and pivotal role in the unemployment and collective required economic output crisis in Africa. Securing investment and funding to facilitate growth and economic impetus thus lies heavily in the minds of businessmen. The challenges of creating the right business plan, a realistic budget to gain traction and identifying adequate potential investors can sometimes be such a daunting process, and creates an avenue to be blindsided without proper guidance, representation or advice. Read more