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§ Private Profile · Nairobi, Nairobi Area, Kenya
B2C e-commerce platform delivering consumer goods to low- and middle-income East African households via agents.
Founded in 2012 by Tracey Turner and Jonathan Lewis, Copia Global was a B2C e-commerce platform serving middle and low income households across East Africa. The enterprise utilized a hybrid model combining digital ordering with a last mile logistics network, successfully fulfilling over ten million customer orders across Kenya and Uganda. Customers purchased household consumer goods through 30,000 local community agents who earned sales commissions, allowing the retail platform to reach approximately 1.4 million buyers. To finance this massive infrastructure, Copia raised over $123 million across seven funding rounds from institutional backers including Goodwell Investments, Lightrock, Savannah Fund, and the US International Development Finance Corporation. Despite employing over 1,060 staff members under CEO Timothy Steel, the company struggled with high operating costs, never achieved profitability, and entered administration in May 2024 before liquidating its corporate assets.
Copia Global has raised $78.0M across 3 funding rounds.
Copia Global has raised $78.0M in total across 3 funding rounds.
Copia Global has raised $78.0M across 3 funding rounds. Most recently, it raised $50.0M Series C in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 18, 2022 | $50M Series C | ELS Boerhof | DEG, KOA Labs, Lightrock, Perivoli Innovations, Brian Frimpong | Announced |
| Nov 28, 2019 | $26M Series B | Shakir Merali | — | Announced |
| Jan 21, 2019 | $2M Venture Round | Nico Blaauw | — | Announced |
Copia Global has raised $78.0M in total across 3 funding rounds.
Copia Global's investors include Els Boerhof, DEG, Koa Labs, Lightrock, Perivoli Innovations, Brian Frimpong, Shakir Merali, Nico Blaauw.