Copia Global — Empowering mobile commerce in Africa
We are thrilled to announce Koa Labs’ investment in Copia Global’s Series C round of $50M led by Goodwell Investments alongside LGT Lightrock, DEG Equity, Perivoli Innovations, Zebu Capital and the U.S. Development Finance Corporation to empower mobile commerce in Africa.
Like all the startups we back, Copia Global is an intensely mission-driven company bringing positive change in the world. Founded in 2013 by Silicon Valley veterans Tracey Turner and Jonathan Lewis, Copia’s mission is to bring the power of mobile commerce to middle and low-income Africans. Since it launched in Kenya, Copia has delivered a high-quality shopping service to consumers regardless of their income level, access to technology, or location.
Copia Global has adapted and developed an approach that delivers a high quality experience to more consumers in a way that Western ecommerce models cannot. Networks of local agents and the Copia Logistics ecosystem create an efficient supply chain to bring the global market to the consumer at the lowest cost. Customers can interact with Copia online or offline and Copia can deliver to the most remote locations, bypassing hurdles of road infrastructure at no additional cost to the customer.
By harnessing the power of mobile ordering, digital payments, automated processing, and logistics, Copia has served over 1M customers since their inception. A network of over 25,000 agents, 77% which are women, serve and deliver orders to nearly 22% of Kenya’s middle to low-income population. These networks have contributed over $6M to the communities that they serve. Serving the consumer directly provides transparency and integrity to the mobile retail marketplace all the while integrating environmental and social best practices throughout the supply chain.
We’re incredibly excited to join the Copia journey as they continue to grow throughout Kenya to Uganda and beyond. Congratulations to the whole Copia team on their recent raise. We’re honored to be along for their journey. Check out open positions at Copia here.