Africa’s Largest Student Accommodation Marketplace Digs Connect Receives Funding For Global Expansion
Africa’s Largest Student Accommodation Marketplace Digs Connect Receives Funding For Global Expansion. The largest student accommodation marketplace in Africa Digs Connect took to LinkedIn to announce that it has managed to receive multimillion Rand funding from Launch Africa Ventures, Five35 Ventures, Goodwater Capital and The Delta Ventures for the company’s global expansion plans.
The post read, “Absolutely thrilled to share that Launch Africa Ventures, Five35 Ventures, Goodwater Capital and The Delta Ventures have invested in DigsConnect, to fund our global expansion 🌍🚀✨ DigsConnect is the African Student’s passport to global accommodation.” DigsConnect is the largest student accommodation marketplace on the African continent. The company pairs up registered students and young professionals looking for a place to stay with homeowners across South Africa that are looking to rent out their properties on a long term basis.
Alexandria Procter, co-founder and CEO of DigsConnect.com, said: “The tech start-up industry is experiencing a funding winter at the moment, so the fact that we received so much early support from excellent Pan-African and US investors speaks volumes about the strength of the team, the value of our strategic partnership with Student.com, our strategy of early profitability and sound unit economics.”
The company’s main priority is safety and security for its community, so it makes every effort to personally verify its users so that it can create a safe place for students and young adults to find and book a room in a digs (shared housing), and to help the landlord seamlessly find and manage student tenants in their properties.
Launch Africa Ventures is a frontier Pan-African fund solving the significant funding gap in the Seed to Series A bridge funding investment landscape in Africa. The company invests in B2B and B2B2C early-stage, technology-driven startups with strong management teams solving the most meaningful problems on the continent. Its objective is to provide funding in that critical investment phase of a startup to enable scale and growth while creating a sustainable ecosystem.
