# Bamboo Systems Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bamboo-systems-technology

- Industry: Software
- Headquarters: Lagos, Nigeria
- Website: www.investbamboo.com
- Total disclosed funding: $15M
- Latest round: Series A (Jan 31, 2022)
- Investors on record: 5

## About

Bamboo Systems Technology Limited, based in Nigeria, specializes in providing innovative technology solutions that streamline operations across various industries, enhancing user experiences and operational efficiencies for diverse clients.Bamboo Systems Technology Limited is a technology company founded in 2019 in Lagos, Nigeria. The firm focuses on delivering software solutions that improve operational efficiencies for its clients. The company has secured a total of USD 15.00 mn in funding, with the latest round being a Series A on January 31, 2022. This round was led by investors including Tiger Global Management and Greycroft Partners. Richmond Bassey, one of the co-founders, serves as the CEO and has a background in technology entrepreneurship.The company's core product offerings revolve around innovative technology solutions designed to address specific industry challenges. These products encompass advanced technology platforms and services that streamline operations and enhance user experiences. End users benefit from improved efficiencies and enhanced functionalities, addressing pain points in sectors such as healthcare, finance, and logistics. Targeted towards a diverse client base, the company's products are utilized by corporate entities, small-to-medium-sized enterprises, and individual consumers across North America, Europe, and Asia. Specific use cases highlight the ability of these offerings to reduce operational bottlenecks and facilitate better decision-making processes through real-time data analytics and user-friendly interfaces.The revenue model of the company is structured around a combination of subscription services and direct sales to its client base. This involves client partnerships where businesses engage in annual contracts for software solutions, providing them access to premium features and ongoing support. Transactions typically occur through a B2B framework, where companies procure software solutions tailored to their operational needs, ensuring a seamless integration into their existing systems. Flagship products are offered with clearly defined pricing plans that cater to various business sizes and requirements. These plans encompass tiered pricing structures that allow clients to choose packages most appropriate for their operational scale and specific use cases.In January 2022, Bamboo Systems Technology Limited raised USD 15.00 mn in Series A funding, co-led by Tiger Global Management and Greycroft Partners, which will be utilized to accelerate growth and expand into new markets. The company plans to launch several new products designed to enhance its current offerings. Specific markets targeted for expansion include regions in Africa and parts of Europe, with plans to establish a stronger presence by 2023. The funding will support these initiatives, allowing for product development and market entry strategies.

## Funding rounds

- Series A, Jan 31, 2022, $15M — Greycroft, Tiger Global Management, Chrysalis Capital, Motley Fool Ventures, Saison Capital

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- Chrysalis Capital — Series A
- Motley Fool Ventures (https://capitalatlas.ai/funds/motley-fool-ventures) — Series A
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Series A