# Termii Webtech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/termii-webtech

- Industry: Software
- Headquarters: Lagos, Nigeria
- Website: www.termii.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Feb 23, 2021)
- Investors on record: 12

## About

Based in Nigeria, Termii Webtech Inc. operates as a messaging and customer engagement platform, enabling businesses to authenticate and connect with customers globally through diverse communication services.Termii Webtech Inc. was founded in 2014 and is headquartered in Lagos, Nigeria. The company focuses on providing a comprehensive messaging platform that supports businesses in engaging their customers. The founders include Atinuke Idowu, Ayomide Awe, and Emmanuel Gbolade, who also serves as the CEO. Since its inception, Termii has completed a total of 7 funding deals, with the most recent round occurring on June 9, 2023, when the company raised USD 3.65 mn in funding co-led by FinTech Collective and Ventures Platform, alongside several other investors.Termii operates as a cross-channel messaging and customer engagement platform, primarily focused on enabling businesses to verify, authenticate, and engage customers globally through a suite of communication services. The core offerings include Termii Go, a mobile messaging solution that facilitates seamless communication via SMS and WhatsApp, and SOTEL, which provides eSIM connectivity for uninterrupted data roaming across over 180 countries. Termii's products are designed to serve various sectors, including startups and established enterprises, by enhancing customer retention and simplifying communication processes. The platform's customer base spans a diverse range of businesses worldwide, leveraging its services to improve customer engagement and transaction security. The geographical markets served include North America, Africa, and parts of Europe, as evidenced by their operational presence in San Jose, California, and Lagos, Nigeria.Termii generates revenue through a multifaceted transaction structure that includes subscription-based models and B2B partnerships. Clients utilize Termii's services, such as SMS messaging and eSIM connectivity, by subscribing to various plans tailored to their communication needs. The revenue model is anchored around these subscriptions, which provide businesses with the flexibility to scale their messaging capabilities according to their customer engagement requirements. Transactions typically involve businesses signing up for specific communication packages, allowing them to send and receive messages efficiently while ensuring secure transactions through features like One Time Passwords (OTPs). This structured approach facilitates consistent revenue generation, supported by a growing number of organizations that rely on Termii to enhance their customer communication strategies.In June 2023, Termii Webtech Inc. raised USD 3.65 mn in venture funding to expand its product offerings into Francophone Africa. The company plans to develop new messaging solutions tailored for this market and aims to enhance its presence in regions such as West and Central Africa by the end of 2024. The recent funding will support these initiatives, enabling Termii to innovate and establish a stronger foothold in expanding markets.

## Funding rounds

- Seed, Feb 23, 2021, $1.4M — Acuity Ventures, Y Combinator, Microtraction, Kepple Africa Ventures, Future Hub, Assembly Capital Partners, Kairos Angels, Nama Ventures, Future Africa, Rally Cap, Aidi Ventures, Remapped Ventures
- Seed, Mar 16, 2020, $0.1M — Y Combinator
- Seed, Nov 13, 2019 — Microtraction, Future Hub

## Investors

- Microtraction (https://capitalatlas.ai/funds/microtraction) — Seed
- Future Hub — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Acuity Ventures (https://capitalatlas.ai/funds/acuity-ventures) — Seed
- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed
- Assembly Capital Partners (https://capitalatlas.ai/funds/assembly-capital-partners) — Seed
- Kairos Angels (https://capitalatlas.ai/funds/kairos-angels) — Seed
- Nama Ventures (https://capitalatlas.ai/funds/nama-ventures) — Seed
- Future Africa — Seed
- Rally Cap (https://capitalatlas.ai/funds/rally-cap) — Seed
- Aidi Ventures (https://capitalatlas.ai/funds/aidi-ventures) — Seed
- Remapped Ventures (https://capitalatlas.ai/funds/remapped-ventures) — Seed