Kenya’s BRCK raises $1.2M to connect the last mile to the internet
July 9, 2014 Nairobi, Kenya Ushahidi spinout BRCK Inc. announced today that it has closed a $1.2 million seed round. BRCK is solving last-mile connectivity problems with a device that can bring seamless internet connection to the most remote areas of the world.
Invested Development, an early stage impact investor, led the round for the Nairobi-based technology startup. Invested Development, Omvestments, Urban.us, Cheryl Heller and Gary Scheft of CommonWise LLC, Synergy Growth, and other investors were attracted to this opportunity because of the cross-sector impact it will have in Africa and beyond. World Bank data shows that for every 10% increase in broadband penetration there can be as much as 1.4% GDP growth. Currently, only 24% of people in the developing world are connected to t...