What is Decagon Services?
Founded in 2018 by Chika Nwobi, Decagon Services distinguishes itself by recruiting and training top-tier African talent into world-class software engineers. Through an intensive six-month 'Learning by Doing' program, the agency equips individuals with skills in various technical stacks, including Java, Python, Node.js, React, iOS, Android, and C#. Decagon's model not only focuses on skill development but also on practical application through exposure to live products and agile methodologies, mentored by industry veterans. The company's International Fellowship program further extends its reach by placing these vetted engineers with global companies on two-year contracts, offering comprehensive talent support services from recruitment to HR management. Decagon serves a diverse clientele, from burgeoning startups to established Fortune 500 organizations, with its alumni contributing to prominent companies like Indeed, Nike, and Mastercard.
How much funding has Decagon Services raised?
Decagon Services has raised a total of $26.5M across 2 funding rounds:
Angel/Seed
$1.5M
Debt
$25M
Angel/Seed (2021): $1.5M with participation from Timon Capital, Paul Kokoricha, Kepple Africa Ventures, and UNITED
Debt (2021): $25M led by Sterling Bank
Key Investors in Decagon Services
Sterling Bank
Sterling Bank, a commercial banking establishment founded in 1960 and headquartered in Lagos, Nigeria, participated in Decagon Services' funding round.
Timon Capital
Timon Capital is a venture capital firm specializing in Seed stage investments, focusing on companies leveraging technology to transform markets, particularly in Sub-Saharan Africa.
Kepple Africa Ventures
Kepple Africa Ventures is a venture capital firm based in Kenya and Nigeria that invests in African startups to foster innovation and create new industries, often collaborating with Japanese companies.
What's next for Decagon Services?
With a substantial total funding of $26.5M and a recent major strategic investment of $25M, Decagon Services is poised for significant scaling and operational enhancement. The company's focus on cultivating elite digital talent in Africa, coupled with its successful placement model for global companies, positions it for continued leadership in the digital product engineering space. Future initiatives are likely to involve expanding its training capacity, broadening its international partnerships, and potentially exploring new technological frontiers to meet the evolving demands of the global tech market. This strategic capital will be instrumental in solidifying its position as a premier source of African tech talent for the world.
See full Decagon Services company page
