Yunga Technologies
Investment Details
Investor Type
Private Investment Firm
Asset Class Focus
Private Equity, Venture Capital
Stage Focus
Seed, Early Stage, Growth
Geographical Focus
Ghana, Kenya, Somalia, South Africa, Ethiopia, Nigeria, Rwanda, Zambia, Uganda, Tanzania, Burundi, South Sudan, Mozambique, Angola, Democratic Republic of the Congo, Zimbabwe, Botswana, Namibia, Malawi, Lesotho, Eswatini
Industries Focus
- Technology
- Infrastructure
- Telecommunications
- Internet of Things
- Consumer Electronics
- Smart Cities
- Mobile Applications
- Software Development
- Urban Development
- Security Technology
- Community Safety
- Physical Security
- Emergency Response
- Hardware Manufacturing
- Public Safety
Investment Size:
500,000 to 5,000,000 USD
Investor Details Founded: 2018
Yunga Technologies, founded in 2018 by Anatoli Kirigwajjo, is a Ugandan startup dedicated to improving community safety through innovative security solutions. The company's flagship product, the Yunga device, is a wall-mounted system that connects neighbors and law enforcement within a 20-kilometer radius, providing rapid response capabilities during emergencies. This system aims to address the high cost of private security services in Africa, offering an affordable alternative for communities seeking enhanced safety measures. Yunga's business model involves selling the Yunga device for $135 upfront, with a $3 monthly fee, resulting in a lifetime value exceeding $500 per customer. The company has experienced significant growth, protecting over 35,000 individuals, preventing 22 crimes, and winning multiple innovation awards, including the HiiL 2018 Innovating Justice Challenge and a top innovation prize in Bahrain. In July 2023, Yunga was awarded the Africa Prize for Engineering Innovation by the UK's Royal Academy of Engineering, receiving £25,000 to further its mission of expanding community safety across Sub-Saharan Africa. The company operates in the security technology market, targeting residential communities and small businesses in Uganda and potentially other African countries, with plans to onboard 10,000 households onto the Yunga network in the coming years.
Requirements
- Focus on community safety and security technology
- Affordable pricing models for widespread adoption
- Scalable solutions adaptable to various African markets
- Strong commitment to innovation and technological advancement
- Proven impact in crime prevention and emergency response
- Established partnerships with local law enforcement agencies
- Clear strategies for market expansion and customer acquisition
- Sustainable business models ensuring long-term viability
- Engagement in corporate social responsibility initiatives
- Alignment with regional development goals and objectives
Contact
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