Intaba Capital Invests in South Africa’s DigsConnect to Expand Student Housing Solutions To UK, US
Summary
The platform was launched in 2018 by Alexandria Procter and Greg Ramsay-Keal, and allows landlords, estate agents, and property managers to post their property listings for students to search and filter through to find suitable accommodation and housemates.Last year, DigsConnect closed a pre-Series A round of funding to expand internationally, with a focus on helping African students in the UK and US secure more affordable, convenient, and safe housing. The startup also partnered with Student.com, the worlds largest student accommodation site, to extend its presence to around 30 new countries and 400 new cities.DigsConnect is currently raising its Series A round and has secured funding from Intaba Capital, a Cape Town-based women-led investment and advisory firm founded in 2019. The firm offers consultancy and advisory services, including financial and commercial due diligence, financial analysis, valuations, and assistance with capital raisings, mergers, acquisitions, and disposals.read also MAK Technology Ready to Build Key Alliances, Partnerships in Gitex Africa 2023According to Procter, the investment from Intaba Capital came about after their work attracted the attention of a US-based charitable organization that wished to invest in their mission. Procter added that it was rare to find an investment firm run by two extraordinary women, and she had been pitching to investors for almost six years.Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africas burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.