Phoenix, a browser-based super app, raised $100 million in Series A funding. As of the time of the funding announcement, the company had served over 400 million users in Africa, Asia, and Latin America since its late-2019 launch in Nigeria. It offers an in-app search engine, content feeds, productivity tools, and localized in-app features, using AI-powered personalization to deliver curated content. The funding will be used to improve the recommendation engine, refine in-app functions, provide better marketing services, and prepare for global expansion.
| Date | Round | Amount | Lead |
|---|---|---|---|
| 21 Ukwakira 2022 | $100.0M | — |