Career development start-up Fuzu has raised Ksh390M (€3.4M) series A funding to support and expand its platform, team, and geographic coverage. In addition, Fuzu intends to use the funds to strengthen the team across core markets and to accelerate expansion across Africa.
Fuzu leverages on AI-powered personalized guidance to individual users helping them in career development. On the other hand, the platforms offers talent acquisition and data services to organisations.
Investors in this round include Sparkmind.vc, Finnfund, Cornerstone Enterprises, Aucfan Incubate, Seedstars International, Kepple Africa Ventures, Barona and a group of individual investors.
The platform launched in 2015 in Kenya and has expanded to Uganda netting more than 7.5 million lifetime users. There are close to one million registered users with more than 1000 organisations using the platform to find and nurture talent.
Fuzu anticipates to play a huge role in the African labour market forecasted to double between 2020 and 2040 to 1.1 billion people.
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