KENYA – Multi-platform media company Wee Media has raised $400K in a seed round from Samurai Incubate, Grenfell Holdings, Knarrs Ventures and Jim Waltrip.
The media company will use the funding to transition from an advertising-driven media company to a subscription led data and intelligence company.
Wee Media CEO Rishabh Lawania indicated that the restructure towards African journalism and data intelligence seeks to plug the data gap in the private equity, venture capital and mergers and acquisition space.
Read also: World Bank Approves US$250M For The Establishment Of Development Bank Of Ghana
“The vision of the company is to fix the broken business journalism in Africa and bridge the data gap. For more many years, companies like Dow Jones, Bloomberg and Pitchbook have been tracking the global private markets but African data and content are considerably ignored. There’s so much happening in the PE/VC and M/A space across the continent and we are trying to be the platform that puts Africa first,” said Lawania.
“With support from our diverse group of investors and a rockstar team, we have been able to pivot the company around in the last six months from an advertising-driven media company to a subscription-led data and intelligence company”
Rishabh Lawania – CEO, Wee Media
Wee Media already runs a business intelligence platform, AfriCo, for financial data and information on both public and private companies.
Lawania said that Wee Media has attracted global investors in the past and will strengthen their technology, expand their team, and pursue profitability as they raise their Pre-Series A.
Wee Media runs a media platform, WeeTracker, SaaS business through AfriCo and a consumer electronics media platform Gadgets-Africa.
Read full article here
GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges
Guest Contribution, GFA Attract & Application Portal For Funding
Guest Contribution: Disruptive Digital Solutions Is Rewiring The DNA Of Banking
Imagine a bank whose customers can tap on a wearable device to make a payment, regularly receive updates on changes they could make to their investment portfolio through AI-generated insights. Read more
GFA Attract Interview
Victor Boyle-Komolafe, the co-founder of Garbage In, Value Out (GIVO), a system that automates and digitises the collection, processing, and sale of recyclable materials. Watch Here
Apply For Funding
GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here
Follow Us
“Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to failure. Every great success has always been achieved by fight, every winner has scars. The men who succeed are the efficient few –they are the few who have the ambition and will-power to develop themselves. So choose to be among the few today.” – Chris Kirubi, Centum Investment, Kenya
