# Terragon Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/terragon-group

- Industry: Software
- Headquarters: Lagos, Nigeria
- Website: https://terragongroup.com/
- Total disclosed funding: $9M
- Latest round: Series B (Jul 27, 2023)
- Investors on record: 6

## About

Terragon Group Ltd. is a Nigeria-based company specializing in data and marketing technology solutions, focusing on enhancing customer engagement through analytics and personalized marketing strategies.Founded in 2009, Terragon Group Limited operates from its headquarters in Lagos, Nigeria, offering innovative marketing technology solutions. The company has undergone strategic pivots to adapt to market needs but has not changed its core business offering. The founder, Ayodeji Balogun, has a history of entrepreneurship. The most recent funding round occurred on July 27, 2023, where the company raised USD 9.00 mn in Series B funding, led by Orange Ventures and supported by various investors. This funding marks the total amount raised by the company to USD 9.00 mn across three deals.Terragon Group specializes in data and marketing technology solutions, primarily offering its flagship product, the Terragon Marketing Cloud (TMC). This customer data platform aggregates and analyzes data to enable personalized marketing campaigns across different channels. The TMC uses advanced analytics, AI, and machine learning to provide unified customer profiles and actionable insights, serving industries such as financial services, FMCG, and retail.Terragon Group generates revenue primarily through subscription-based models for its marketing technology platform, TMC. Clients engage in service agreements that involve annual or monthly subscriptions to access features like omnichannel engagement and audience insights. The company also forms strategic partnerships to enhance service offerings, fostering long-term client relationships and ongoing revenue generation.In July 2023, Terragon Group Limited raised USD 9.00 mn in Series B funding to accelerate the development of its platform and enhance its artificial intelligence and machine learning capabilities. The company plans to expand into new geographical markets, particularly targeting regions in Africa and other emerging economies. Future product launches will focus on new features within the TMC to further improve customer engagement and service capabilities.

## Funding rounds

- Series B, Jul 27, 2023, $9M — Western Technology Investment, TLcom Capital, Sango Capital Management, Orange Ventures, VestedWorld, LoftyInc Capital Management
- Series B, Dec 24, 2021 — LoftyInc Capital Management

## Investors

- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Series B
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series B
- TLcom Capital (https://capitalatlas.ai/funds/tlcom-capital) — Series B
- Sango Capital Management (https://capitalatlas.ai/funds/sango-capital-management) — Series B
- Orange Ventures — Series B
- VestedWorld (https://capitalatlas.ai/funds/vestedworld) — Series B