FundingTech

Ethiopia’s Construction-tech startup, ConDigital, secures pre-seed funding round

ConDigital, an Ethiopian construction-tech startup, has secured an undisclosed amount in pre-seed funding to help seal its presence in Ethiopia and scale its services into the East African region.

The pre-seed funding round was led by an angel investor in the United States of America and included other angel investors from East Africa, Asia, and Europe.

Read also: Egypt’s B2B2C payments platform dopay lands US$18mn Series A round

“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,” Chief executive officer (CEO) and co-founder Abel Gebreananya. Stated:

“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 fuel for our growth. We are excited about the future.”


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What You Need To Know About ConDigital

 Launched in January of 2019, ConDigital digitizes the process of construction project management for contractors, consultants, and owners.

Among the services it provides are data calculation, processing, and reporting; schedule, resource, and financial management; communication channels; centralized cloud file storage; and analytics.

ConDigital took on US$25,000 in funding from The Baobab Network after being accepted into its accelerator program in 2019 and has now raised an undisclosed amount of seed funding.

The construction tech startup is a cloud-computing project management software for the construction industry.

The platform digitizes the construction management process for owners, contractors, and consultants, for an efficient, transparent and profitable industry, while providing analytical data for them.

Its services include progress tracking, communication channels, duration tracking, data calculation, communication tools, procurement, centralized cloud file storage, automated reporting, processing, HR and payroll, resource and financial management, statistics, and analytics, etc.

The construction tech startup clientele includes Baobab, Turnkey, Yawit, among others.

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