gather hqs 26m series capitalmascarenhastechcrunch
Gather, a startup based in the beautiful island of Mauritius in the Indian Ocean, recently announced its Series A funding round of $26 million led by myvuhub CapitalM, with participation from Mascarene Capital and TechCrunch founder Michael Arrington’s Arrington XRP Capital.
Gather, which was founded in 2019, is a cloud-based collaboration platform that enables remote teams to work together seamlessly. The platform offers a variety of tools, including file sharing, video conferencing, task management, and communication channels, all in one centralized location. Gather’s mission is to create a better way to work remotely, and its platform is designed to masstamilan make remote work more productive, engaging, and fun.
With the COVID-19 pandemic forcing yareel businesses to adopt remote work on a massive scale, Gather’s platform has become increasingly relevant. The platform has seen rapid growth since its launch, with a user base that spans across 40 countries and counting. Gather’s success has not gone unnoticed, as the company has received several accolades, including being named one of the top 50 African startups to watch by Disrupt Africa.
The recent Series A funding round is a teachertn significant milestone for Gather, as it will allow the company to accelerate its growth and expand its platform’s capabilities. The funding will be used to hire new talent, invest in product development, and scale the platform’s infrastructure to support its growing user base. In addition, Gather plans to use the funding to expand its presence in key markets, including North America, Europe, and Asia.
CapitalM, the lead investor in the pagalsongs funding round, is a Mauritius-based investment firm that focuses on growth-stage companies in emerging markets. CapitalM’s investment in Gather is a testament to the startup’s potential and the growing interest in the African tech ecosystem. In a statement, CapitalM’s Managing Partner, Ritesh Ramjee, said, “We are thrilled to partner with Gather as it continues to drive innovation in the collaboration space. The team has built an exceptional product that has the potential to change the way we work remotely, and we look forward to supporting their growth.”
Mascarene Capital, a Mauritius-based investment firm that focuses on public and private equity investments in Africa, also participated in the funding round. In a statement, Mascarene Capital’s CEO, Adil Taarji, said, “We are excited to invest in Gather and support its mission to create a better way to work remotely. The company’s growth and traction are impressive, and we believe that Gather has the potential to become a leader in the collaboration space.”
Michael Arrington’s Arrington XRP Capital, a cryptocurrency-focused venture capital firm, also participated in the funding round. In a statement, Arrington said, “Gather’s platform is a game-changer for remote work, and we are excited to support the company as it continues to innovate in this space. The team’s vision and execution are impressive, and we look forward to seeing how Gather will continue to shape the future of work.”
Gather’s co-founder and CEO, Suneer Garg, expressed his gratitude for the support the company has received from its investors. In a statement, Garg said, “We are thrilled to have the support of such exceptional investors as we continue to build a platform that enables remote teams to work better together. This funding will allow us to take our platform to the next level and accelerate our growth as we expand our reach to new markets.”
Gather’s Series A funding round is a significant milestone for the company and the African tech ecosystem. The funding not only validates Gather’s potential but also highlights the growing interest in African startups and the innovation happening in emerging markets. With the continued growth of remote work, Gather’s platform is poised for success, and the company’s mission to