What is Paratus?
Paratus Africa specializes in delivering reliable and scalable connectivity solutions tailored for businesses throughout the African continent. Their comprehensive service portfolio includes satellite internet, data center services, and carrier services, all designed to ensure seamless communication and high-quality connectivity. The company is committed to providing exceptional customer service and 24/7 support, aiming to equip African businesses with cutting-edge technology. Paratus serves a wide array of clients across more than 35 African countries, with a strategic focus on delivering resilient and low-latency connectivity solutions.
How much funding has Paratus raised?
Paratus has raised a total of $31M across 1 funding round:
Debt
$31M
Debt (2023): $31M with participation from PIDG, Ninety One, and The Emerging Africa Infrastructure Fund
Key Investors in Paratus
PIDG
PIDG is an infrastructure development and finance organization focused on mobilizing capital for climate resilience and sustainable growth in Africa and Asia. They collaborate with partners to direct investment into essential infrastructure projects.
Ninety One
Ninety One is an asset management company providing portfolio management and investment advisory services, based in Cape Town, South Africa.
The Emerging Africa Infrastructure Fund
The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, provides long-term commercial debt for infrastructure projects in Africa and Asia, focusing on sectors like digital communications and renewable energy.
What's next for Paratus?
The recent major strategic investment into Paratus signals a strong confidence in its growth trajectory and its critical role in bridging the digital divide in Africa. This capital infusion is expected to fuel further expansion of its network infrastructure, enhance its service offerings, and potentially broaden its geographical reach. As a key player in enterprise-level connectivity, Paratus is well-positioned to capitalize on the increasing demand for robust digital services across the continent, likely focusing on scaling its operations and deepening its market penetration.
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