Market intelligence platform secures $1.35 million funding

folarin okunola

November 18, 2015 3:46 PM

The new funds will be used to expand Asoko’s analysis and research of over a thousand privately held companies in Nigeria, Ghana, and Kenya.

Asoko Insights homepage

Leading provider of corporate informationa and market intelligence in emerging markets in Africa, Asoko Insights, has reportedly completed a $1.35 million fundraising round.

The new funds will be used to expand Asoko’s analysis and research of over a thousand privately held companies in Nigeria, Ghana, and Kenya.

“This new funding will allow us to give customers insight on even more companies across Africa, while adding analytics in a seamless user experience. Africa’s got great corporations. Now it has great corporate data, available to everyone,” said Rob Withagen, co-founder and managing director of Asoko Insight.

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North Base Media, an international media investment group specializing in growth markets, led the funding round, followed by CRE Venture Capital, an investment firm focused on tech enabled businesses across Africa.

“The rapid growth and modernization of African national economies is creating enormous demand for sophisticated, reliable information about business and companies,” said NBM managing partner, Marcus Brauchli.

Asoko Insights was established in 2013, and provides data analysis on African companies to global corporates, investors, government and African players.

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