ConDigital, an Ethiopian construction-tech startup, has closed 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 piloted by an angel investor in the United States of America and included other angel investors from East Africa, Asia and Europe.
Emphasizing ConDigital’s mission while stating the startup’s confidence in the investors, Abel Gebreananya, CEO and Co-Founder, ConDigital, said:
“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.
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 a fuel for our growth. We are excited for the future.”
ConDigital had, in 2019, taken on US$25,000 in funding from The Baobab Network after it was accepted into its accelerator program.
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, etc.
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