Carta’s investment in Raise will provide the Kenyan fundraising platform with the resources to expand its offerings and grow its user base.
Kenyan fundraising startup, Raise, has secured an investment from US-based firm, Carta. The investment will enable Raise to expand its offerings, increase its user base, and establish itself as a major player in the African fundraising market. Raise is a Kenyan fundraising startup that allows users to create fundraising campaigns, share them on social media, and collect donations. The platform has gained traction in Kenya and is now expanding its offerings with the support of US-based firm Carta.
The system is an innovative fundraising platform that allows users to create fundraising campaigns, share them on social media, and collect donations. The platform has already gained traction in Kenya, where it has helped individuals and organizations raise funds for various causes. Now, with the support of Carta, the company is poised to expand its offerings and become the go-to fundraising platform in Africa.
The investment from Carta will provide the startup with the resources it needs to improve its platform, develop new features, and grow its user base. The funds will also allow Raise to expand its reach beyond Kenya and establish a presence in other African countries.
“We are thrilled to have Carta as an investor,” said George Waweru, CEO of Raise. “Their support will enable us to scale our operations, develop new products, and provide our users with the best possible experience. We are excited to partner with Carta and work together to make Raise the leading fundraising platform in Africa.”
Raise – Building a stronger ecosystem
Carta, which specializes in equity management software, has been looking for ways to expand its reach in Africa. The investment in Raise aligns with Carta’s mission to support innovative startups and build a stronger ecosystem in emerging markets.
“We are excited to partner with Raise and support their mission to make fundraising more accessible and efficient in Africa,” said Henry Ward, CEO of Carta. “Raise has a talented team, a compelling product, and a deep understanding of the needs of the African market. We believe that together we can build a strong ecosystem that will benefit entrepreneurs, investors, and communities across the continent.”
With the investment from Carta, the startup is well-positioned to achieve its goals and become the leading fundraising platform in Africa. The partnership is a testament to the potential of African startups and the importance of supporting innovation in emerging markets, a statement from the two companies said.
Read April’s funding roundup, here.