![]() The impressive growth at Treepz has also attracted attention of the team at Google with extra funding from the Google Africa Black Innovation Funds announced in October 2021. The company has now successfully closed its oversubscribed seed round after raising a total of $2.8 million USD in the last 3 months starting in August 2021 when their seed round was announced with $1.2 million in investment. In addition to expanding into new markets and building the largest shared mobility in Africa, Treepz has announced today that is has raised an additional $1.6 million USD in seed funding with new investors coming on board. Also, Ronald Hakiza who was the CEO of Ugabus will now become the Country Manager for Treepz Uganda and will be bringing on board his team to support the business growth plans. Ugabus will now be renamed as Treepz Uganda and will begin operations on the 1st of December 2021 with the support of the Ugandan Government expected that day. The exact terms of the deal were not disclosed, but the 100% acquisition will see Treepz impressively extend its geographic footprint in East Africa, given that Ugabus operates in all cities in Uganda. We have known and respected the exploits of the founding team led by Onyeka Akumah and today, we are very happy that we would be pioneering the business growth of Treepz in East Africa starting with Uganda," said Ronald Hakiza, CEO and Founder Ugabus. Now we're joining the TREEPZ family to accomplish a bigger vision-one that we think we can better achieve with TREEPZ. ![]() "We care alot about how people move from one city to another, and we did our best to build the most reliable bus booking app in Uganda. ![]()
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