Raise a Kenyan firm has recently launched a fundraising platform that operates on an end-to-end system.
This enables start-up founders and investors to open and operate a private virtual deal room through simulating fundraising and issuing electronic share complaints.
Established in 2018 by Eugene Mutai and Marvin Coleby, the company has launched its alpha already in 2019 during the Africa Tech Summit in Kigali.
Recently, the company has also launched its private beta some firms early this year.
Now already public, Raise beta programme offers African start-ups fundraising solutions through its digital platform.
The platform was designed to simplify the process of fundraising, thereby making it much easier to close deals in Africa remotely.
Since the inception of 2020, the company has executed transactions in volume worth over US$20 million.
Raise is in use by venture capital companies and start-ups in Nigeria and Kenya.
Among its notable partner include; Chrysalis Capital (fundraising manager for Flutterwave and Helium Health), Microtraction, and Helium Health (the company recently raised US$10 million in Series A round of funding)
Marvin Coleby, Chief Executive Officer, Raise said, “At Raise, we’re founders – and we’re here to support founders. We’re releasing the public beta to support the ecosystem’s transition to the new norm of remote investing.
At Raise, our mission is to bring security, transparency and simplicity to the African VC space – and really make the fundraising process easier and simpler for everyone,”
Nichole Yembra, Managing Director, Chrysalis Capital, said Raise helps African companies inspire trust with the global tech ecosystem.
“We’ve seen the data about how it takes African startups 400+ days to raise funding and a lot of the delays come in the due diligence process.
With Raise, companies can proactively load all the data investors usually want to see, cap tables, formation documents, metrics, etc, which simply inspires more confidence and simplifies the fundraising process,” Nichole stressed.
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