South African digital student accommodation platform DigsConnect has closed a pre-Series A round of funding to spearhead its international growth, with a focus on helping African students in the UK and US secure more affordable, convenient, and safe housing. It now has over 1.3 million beds listed on its platform, and is expanding its operations into the UK, US, Singapore, and Europe. That expansion has now received a boost after DigsConnect secured pre-Series A funding from Launch Africa Ventures, Goodwater Capital, Five35 Ventures and Delta Ventures. This group of investors will allow the startup to scale global operations and significantly amplify its growth strategy. “This investment provides interesting portfolio connectivity to several of our 115 portfolio companies who are interested in bettering university students globally,” he said.

Source: The North Africa Journal July 15, 2022 22:41 UTC