Market intelligence startup secures funding from Singularity Investments

Asoko Insight, a corporate market intelligence startup, has just announced an undisclosed amount of funding from Singularity Investments to further build the data collection capacity of the company, enabling it to monitor leading privately held companies in their top markets.

The company had completed its $1.35 million seed funding round two years ago before this new funding round from Singularity, a relatively unknown  investment company.

Singularity Investments join North Base Media, CRE Venture Capital, Emergo Partners, and J.E Berman Associates on this list of Asoko Insight investors.

“With Singularity we have found a strategic partner whose know-how, relationships, and understanding of Africa’s burgeoning data industry offers tremendous value to Asoko’s deepening presence in our focus markets," said Rob Withagen, Managing Director, Asoko Insights.

READ: Market intelligence platform secures $1.35 million funding

Singularity Investments specializes in high-growth companies operating in Africa's tech sector and is a company that provides capital to nurture early-stage or transformational companies that have scalable business models.

“We see a substantial need for private business intelligence in Africa. Singularity is delighted to support Asoko Insight’s strong team as they build a robust platform, providing global companies with the key data and research tools necessary to make informed business decisions throughout the African market,” said Principal Investment Officer at Singularity Investments, Lexi Novitske.

Asoko Insights provides data and analysis on African companies to global corporates, investors, governments, and African players with their top markets being Nigeria, Kenya and Ghana.