Cassava Secures USD 50 Mn Strategic Investment From C5 Capital

Cassava Technologies has secured a USD 50 Mn investment from C5 Capital, a specialist venture capital firm that invests in cyber security, space, and energy security. The investment by C5 will help it accelerate the work it has undertaken to increase digital connectivity and inclusion on the continent.

Through its extensive offering that includes fiber networks, data centers, renewable energy, cloud, cyber security, and fintech and digital platforms, the company provides digital solutions to over 1 million enterprises and access to the internet for over 500 million people in Africa.