Gebeya Secures A Seed Investment of $ 2 Million

Gebeya, Ethiopian based Pan-African EdTech and online software outsourcing Marketplace closed a $ 2 Million seed round. The round was co-led by Partech and Orange Digital Ventures and followed by Consonance Investment Managers. Gebeya previously raised $1 million in a pre-seed round from it’s two co-founders.

Gebeya founded in 2016, trains software developers and outsource them to companies all over the world. So far it has graduated over 600 tech talents.

Gebeya aims to be a go to place for digital and tech talent in Africa and aims to reach a revenue of $100 million. In 2018, Gebeya made over a million dollars in revenue and this figure is expected to grow by more than 300% in 2019 according to Tech Point.

In press release shared at Feb 6, 2020, Amadou Daffe, CEO and Co-founder of Gebeya said “This investment, made possible by global investment firms dedicated to Africa’s technological advancements, marks a pivotal moment for Gebeya. The company has been strongly committed to bringing the abundant capacity of Africa’s youth to light. This investment will enable us to further strengthen the community of top-notch tech talents and position Gebeya as the go-to for other companies as well as startups. Through this investment, Gebeya will be at the forefront of the digitization and utilization of Africa’s potential ”.

After this funding, Gebeya plans to scale up its training and marketplace services in Francophone Africa and launch its online African talent marketplace. It is remembered that Gebeya recently expanded to Senegal.

Commenting on the investors, Hiruy Amanuel, Angel Investor and Co-founder of Gebeya said “ We are truly excited to be working with such a great group of investors. They have been very supportive of our initiatives through the years and naturally, the relationship has matured into early-stage funding”.