Fuzu Limited has raised a €3.4 million Series A round to support the development of the next phase of the Fuzu.com platform and the learning proposition, to further strengthen the team across core markets and to accelerate expansion across Africa.
The lead investor Sparkmind.vc will invest 1.5 million EUR, followed by Finnfund, Cornerstone Enterprises, Aucfan Incubate, Seedstars International, Kepple Africa Ventures and Barona as well as a group of individual investors, together accounting for the remaining EUR 1.9 million EUR.
Fuzu’s mission is to Prepare People and Organizations for Success. The name Fuzu comes from Swahili and means ‘self-made success’. Fuzu’s vision is to become the undisputed home of opportunities for the African talent; a place where career builders come for career growth and inspiration; a place where individuals and organizations access value-adding data-driven services preparing them for success.
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The potential for growth is significant with the African workforce more than doubling between 2020 and 2040 to 1.1 billion people. ”We firmly believe that every human being is born with talent and that every organization wants to maximise their value to their clients. But lack of access to opportunities, support and talent makes career builders and organizations fall short of their true potential.
We change this by providing access to opportunities and personalized learning and guidance; and by ensuring that organizations can access just the right talent and market data, maximizing their chances for success. Our aim is to transform the African job markets and to help people learn and grow throughout their careers.”, said CEO of Fuzu Limited Jussi Hinkkanen.
The platform Fuzu was launched in September 2015 and has over the past five years become the most popular career development platform in Kenya and Uganda with more than 7.5 million lifetime users.
Fuzu platform provides AI-powered personalized guidance to individual users, and talent acquisition and data services to organizations, supported by a world-class team in Kenya, Uganda, and Finland, where Fuzu Ltd is incorporated. Africa – the world’s largest job market by 2040 Today, Fuzu has close to a million registered users in Kenya and Uganda and more than 1,000 organizations that have used the platform to find and nurture talent.
