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Kenya’S Pariti Raises $2.85M Led By Harlem Capital To Develop Startup Ecosystems In Emerging Markets

Kenya’S Pariti Raises $2.85M Led By Harlem Capital To Develop Startup Ecosystems In Emerging Markets

12/06/21, 6:25 AM
Money raised
$2.85 million
Industry
financial services
Round Type
seed
Pariti, the Kenya-based community-led marketplace building the digital infrastructure for startup ecosystems in emerging markets, has raised $2.85 million seed, the company confirmed to TechCrunch today.

Company Info

Company
Pariti
Additional Info
Pariti, the Kenya-based community-led marketplace building the digital infrastructure for startup ecosystems in emerging markets, has raised $2.85 million seed, the company confirmed to TechCrunch today. “Their focus on data, process and supporting underserved ecosystems aligns perfectly with our mission and makes them an amazing partner for us to build with.”When TechCrunch covered Pariti in March, the company which connects founders in emerging markets to resources, talent and capital, This past year, CEO Berhane said the company has grown 795% and attributed this growth to the pandemic and how the African tech ecosystem has hit an inflection point, minting half a dozen unicorns within this period. Then the engine suggests personalized next steps for the founders to take in areas where the company needs help. Berhane mentions that Pariti’s pitch assessment and recommendation engine also has some predictability features where the platform can tell how companies will perform with fundraising.“So we’ve looked at the companies that have been able to go on and raise money after submitting the Pariti pitch review, and companies that score over 70 on a Pariti score have a 50% likelihood of connecting successfully with investors,” the CEO said. Coaching and mentorship services have picked up significantly on the platform, too, appearing in different forms: VC fellows to founder, founder to founder, expert to founder, and investor to founder, the company said. The company also plans to enhance its talent marketplace, create a bespoke solution for investors looking to invest and support founders, hire talent, build bigger communities and expand into new markets.Diversity-focused Harlem Capital raises $134M Pariti was founded by Yacob Berhane and Wossen Ayele in 2019. Pariti has over 880 companies across 42 countries on its platform, up from 500 early this year. Berhane confirmed that five companies have gotten into Y Combinator after using Pariti.
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