# Perseus Concepts

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/perseus-concepts

- Industry: Logistics & Distribution
- Headquarters: Lagos, Nigeria
- Website: www.ace.ng
- Total disclosed funding: $3.3M
- Latest round: Seed (Feb 16, 2015)
- Investors on record: 4

## About

Perseus Concepts Limited, based in Nigeria, specializes in technology solutions that enhance digital infrastructure and connectivity for businesses, focusing on domain management and associated services.Founded in 2013 and headquartered in Lagos, Nigeria, Perseus Concepts Limited provides technology solutions tailored to improve digital connectivity. The company has engaged in three significant deals, with the most recent funding round occurring on February 16, 2015, during which it raised USD 2.6 mn in Seed funding from notable investors including Savannah Fund, InterSwitch Limited, and CRE. Tunde Kehinde, the founder, has a proven track record in establishing and managing successful ventures.Perseus Concepts Limited offers specialized technology solutions that enhance digital infrastructure for businesses of various sizes. Their services include domain management, high-speed DNS resolution, and traffic management tools, designed to optimize website performance and connectivity. The company caters to a diverse clientele, including enterprises and e-commerce platforms, ensuring reliable domain services crucial for maintaining online presence.Perseus Concepts Limited generates revenue through subscription-based pricing plans that cater to both small businesses and large enterprises. Clients typically enter into annual contracts which grant access to a comprehensive suite of digital management tools. This model fosters long-term customer relationships, resulting in consistent revenue streams from renewals and upgrades, with a focus on high-performance digital services.Following its Seed funding round in February 2015, Perseus Concepts Limited aims to utilize the USD 2.6 mn raised to expand its services throughout Nigeria and into West Africa. The company is currently developing new technology solutions, although specific product release dates have not been disclosed. Plans include targeting new markets and enhancing operational capacity in the region to meet growing demand.

## Funding rounds

- Seed, Feb 16, 2015, $2.6M — InterSwitch Limited, Savannah Fund, CRE
- Seed, Jun 1, 2014 — Savannah Fund
- Seed, Jan 15, 2014, $0.7M — EchoVC Partners

## Investors

- EchoVC Partners (https://capitalatlas.ai/funds/echovc-partners) — Seed
- Savannah Fund (https://capitalatlas.ai/funds/savannah-fund) — Seed
- InterSwitch Limited — Seed
- CRE (https://capitalatlas.ai/funds/cre) — Seed