Launched in 2014, Asoko Insight operates through research bases in Accra, Lagos, Nairobi, Addis Ababa and Abidjan, collecting and analyzing company information through channels such as technology, partnerships and teams of research analysts and data services personnel.
The company also provides up-to-date management information, profiles, insights and data on unlisted companies across Africa to investors, global corporates and institutions.
Asoko Insight collects its data through a combination of in-country collection teams, online data mining, media syndication and institutional data partnerships. The company then avails information via subscription access to our extensive database or individual company snapshot purchase.
In April 2018, Asoko completed a US$3.6 million Series A fundraising round and announced its plans to move into the next stage of its pan-African expansion plan.
The early shareholders of the company North Base Media, CRE Venture Capital, Singularity Investments and Lateral Capital, participated in the funding round. The shareholders have since been joined by new participants such as LC Partners, Spice Fund, Outlierz Ventures, and Zephyr Acorn.
The fund-raise follows a strong 2017 for the company in which both the number of companies and countries covered on the platform doubled, and global players including Goldman Sachs, UBS, HB Fuller and Deloitte subscribed. Asoko also concluded a string of strategic partnerships, including one with London Stock Exchange Group (LSEG), PwC and CDC Group to develop the 2018 edition of Companies To Inspire Africa.
Asoko Insights now joins companies like Carlsberg, world’s leading brewer, Trama TecnoAmbiental (TTA), World’s largest solar providers, mdundo.com and Opera Software who are also part of Nairobi Garage business network. Other companies that have joined us this month also include Africa Leadership University (ALU) and MEST.
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