Nigerian Terragon Group Bags USD 5Mn From TLcom Capital

Lagos based data analytics firms Terragon Group has raised USD 5 Mn from African VC TLcom Capital. Terragon Group provides businesses with insights to reach the mobile audience in Africa.

Founded in 2009 by Elo Umeh, the startup has been bootstrapped since its inception. It now spreads across many countries including Nigeria, Kenya, South Africa and India. The company, last year, had won the digital marketing duties for some of Unilever big brands in Ghana. They offer Digital Solutions for Business Transformation, Consumer Access, Data and Intelligence, Mobile Payments, Digital Content Management, and Technology to their clients.

TLcom Capital is venture capital firm based in Nairobi, Lagos, and London and invests in Telecom, Media, and Technology companies. Their TLcom TIDE (Technology and Innovation for Developing Economies) Africa Fund is exclusively focussed on technology-enabled services and innovation for Sub Saharan Africa (SSA). The firm has an investment in Andela, which has extensive operations in Nigeria.