OMG digital ventures is a tech startup that operates in three African countries at the moment. These countries include Nigeria, Ghana and Kenya. They operate as a media outfit and are popularly known as the ‘buzzfeed of africa’. Well, that is not the news.
It all seems like a period of upsurge in seed investments in startups as OMG digital secures a seed funding worth up to $1.1 Million. Investors in this funding round are: Kima Ventures, Soma Capital, Comcast Ventures Catalyst Fund, Social Capital, M&Y Growth Partners, and Macro Venture and a couple of other angel investors.
It is also worthy to note that OMG Digital once made the Y combinator batch list. This breeds the thought of how promising this startup could be. I just hope it would be as successful as the tech media companies outside Africa.
READ MORE: Tizeti Raises $2.1 Million In Seed Funding
The company was launched in February 2016, while being co-founded by Jesse Arhin Ghansah, Prince Boakye Boampong and Dominic Mensah. They targets millennials in Africa through its content by creating and curating listicles, pictorials, videos and memes that are tailored to the African continent. How likeable?
According to what to you the funds for, as every sane startup would, the company says the funds will be used to further and expand operations across the continent. Isn’t it cool how most start-ups are looking to be more dedicated to expansion across the continent.
Being a media startup that it is, if my opinion is sought, I’d opine that it first conquer it’s three present market before the thought of expansion sets in. A media startup is such that would be very easy to penetrate other markets if they already have their foot strong and solid in one, especially if it’s the biggest one.
However, it’s just a little above a year and we’re really anticipating OMG Digital, and its OMG voice brand to make the most impact amongst millenials in the continent. RED Media is also doing pretty good in the aspect.