# Copia Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/copia-global

- Industry: Internet
- Headquarters: Kenya
- Website: www.copiaglobal.com
- Total disclosed funding: $100M
- Latest round: Series C (Dec 13, 2023)
- Investors on record: 16

## About

Founded in 2013 and based in Nairobi, Kenya, Copia Global Inc. operates an online platform that serves as an online consumer goods catalog and delivery system. The company was founded by Tracey Turner and Jonathan Lewis. Mr. Tim Steel serves as the CEO of Copia Global Inc. In December 2023, Copia Global Inc. raised USD 20 million in series C funding led by investor Enza Capital with participation from other investors LGT Bank, and Sorenson Impact Foundation. Investors Goodwell Investments, U.S. International Development Finance Corporation, DEG, elea Foundation for Ethics in Globalization, and Perivoli Innovations also participated in the round.

The company provides an online consumer goods catalog and delivery system that offers products and services in areas that include personal care, household, electronics, energy, beauty, infant, health, school supplies, transport, construction, farm, and food. The company’s service works by customers visiting Copia agents in their area and selecting their desired items in the catalogs then pay the amount with the agent on site. The agent will send the orders to Copia which takes 2 to 4 days delivery period before the parcels arrive at the Copia agent’s location. The customer will be notified to visit the agent’s location to pick up their goods or orders.

The company’s revenue is generated by the orders availed by its users in the areas of Embu, Kiambu, Kirinyaga, Machakos, Murang’a, Nakuru, Nyandarua, Nyeri, Tharaka Nithi, and Western Kenya where all locations were situated in Central, Western, and Rift Valley in Kenya.

Copia Global Inc. plans to use the December 2023 funding to boost its growth and expand its global footprint.

## Funding rounds

- Series C, Dec 13, 2023, $20M — U.S. International Development Finance Corporation, DEG, Goodwell Investments, LGT Bank, Sorenson Impact Foundation, Perivoli Innovations, Enza Capital Management
- Series C, Jan 18, 2022, $50M — U.S. International Development Finance Corporation, DEG, Goodwell Investments, Lightrock, Zebu Investment Partners, Perivoli Innovations, Koa Labs
- Series B, Nov 28, 2019, $26M — Goodwell Investments, Lightrock, Endeavor Catalyst, elea, Perivoli Innovations
- Seed, Jan 1, 2015, $4M — DOB Equity
- Seed, Jun 1, 2013 — DCVC, Savannah Fund, OPES-LCEF

## Investors

- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed
- Savannah Fund (https://capitalatlas.ai/funds/savannah-fund) — Seed
- OPES-LCEF (https://capitalatlas.ai/funds/opes-lcef) — Seed
- DOB Equity (https://capitalatlas.ai/funds/dob-equity) — Seed
- Goodwell Investments (https://capitalatlas.ai/funds/goodwell-investments) — Series B, Series C
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series B, Series C
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- elea (https://capitalatlas.ai/funds/elea) — Series B
- Perivoli Innovations (https://capitalatlas.ai/funds/perivoli-innovations) — Series B, Series C
- U.S. International Development Finance Corporation — Series C
- DEG — Series C
- Zebu Investment Partners (https://capitalatlas.ai/funds/zebu-investment-partners) — Series C
- Koa Labs — Series C
- LGT Bank — Series C
- Sorenson Impact Foundation — Series C
- Enza Capital Management (https://capitalatlas.ai/funds/enza-capital-management) — Series C