Local student housing start-up secures investment

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.digsconnect looks to grow by providing students across the world with accommodation, after receiving multimillion-rand funding. DigsConnect start-ups innovations investment

, a South African digital student accommodation platform, has secured a multimillion-rand investment from Launch Africa, Goodwater Capital, Five35 Ventures and Delta Ventures.

DigsConnect.com was created from the ground up by Alexandria Procter and Greg Ramsay-Keal to match landlords with students looking for accommodation. “This investment provides interesting portfolio connectivity to several of our 115 portfolio companies that are interested in bettering university students globally,” says Zach George, Launch Africa Ventures general partner.

“Five35 is excited to be supporting Alexandria and her team as they strive to democratise the massive student housing market across the African continent, already seeing great traction and scaling full steam ahead.” Spotting this gap in the market, they built the DigsConnect.com solution to replace the antiquated system currently in place across the country after initially raising R14 million.

 

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