Western Technology Investment

Western Technology Investment, established in 1980 and based in Portola Valley, California, is a venture capital firm specializing in acquisition financing for revenue-generating technology companies. It provides debt and lease financing, typically ranging from $250,000 to $30 million, to early-stage and mid-stage companies across North America. With over $3 billion invested since inception, the firm has backed notable companies such as Brocade, Facebook, Google, and Juniper Networks. Western Technology Investment targets companies expected to achieve at least $25 million in sales within five years, and may also provide equity capital alongside debt financing.

JoBeth Abecasis

Venture Partner

Jon Beizer

Investment Partner

Dylan Bern

Principal

Josh Brody

Venture Partner

Maddy Burleson

Principal

Jay Cohan

Partner

Greg Goldfarb

Investment Partner

Greg Goldfarb

Investment Partner

Dave Gravano

Investment Partner

David Gravano

Investment Partner

Allison Lee

Principal

Rishabh Nijhawan

Associate

Rudy Ruano

Investment Partner

Jared Thear

CFO and CCO

Ryan Turner

Investment Partner

David Wanek

Investment Partner, CEO

Patrick Ward

Principal and Portfolio Manager

Maurice Werdegar

Investment Partner and Chairman

Past deals in Nigeria

Terragon

Series B in 2023
Terragon is a prominent data and marketing technology company headquartered in Lagos, Nigeria, with additional offices in Kenya, South Africa, Ghana, and India. The company specializes in providing enterprise marketing software that aids businesses in customer acquisition and sales management. By leveraging a combination of online and offline data, along with predictive scoring, Terragon enables brands, marketing agencies, and platforms to effectively target consumers across various channels and devices. Their solutions allow for the collection, aggregation, and monetization of first-party data directly from customers, ensuring that advertising efforts are data privacy compliant and do not depend on third-party cookies. This approach empowers businesses to gain insights into consumer behavior and enhance their digital marketing strategies while measuring the effectiveness of their campaigns.

Kobo360

Seed Round in 2018
Kobo360 is a digital logistics platform founded in 2017 and headquartered in Lagos, Nigeria. It connects manufacturers and cargo owners with truck operators, utilizing technology and data analytics to streamline haulage operations. By creating an integrated logistics ecosystem, Kobo360 aims to enhance supply chain efficiency and reduce costs for all stakeholders, including cargo owners, truck owners, and drivers. The platform addresses logistics challenges by offering real-time visibility, optimizing routes, and improving last-mile delivery. Additionally, Kobo360 is working to enter the agro-trading sector, facilitating a marketplace that directly links farmers with global buyers, thereby reducing reliance on middlemen and increasing profits for smallholder farmers. The company's mission is to develop a comprehensive Global Logistics Operating System that fosters trade and commerce across Africa and emerging markets.

Kobo360

Seed Round in 2018
Kobo360 is a digital logistics platform founded in 2017 and headquartered in Lagos, Nigeria. It connects manufacturers and cargo owners with truck operators, utilizing technology and data analytics to streamline haulage operations. By creating an integrated logistics ecosystem, Kobo360 aims to enhance supply chain efficiency and reduce costs for all stakeholders, including cargo owners, truck owners, and drivers. The platform addresses logistics challenges by offering real-time visibility, optimizing routes, and improving last-mile delivery. Additionally, Kobo360 is working to enter the agro-trading sector, facilitating a marketplace that directly links farmers with global buyers, thereby reducing reliance on middlemen and increasing profits for smallholder farmers. The company's mission is to develop a comprehensive Global Logistics Operating System that fosters trade and commerce across Africa and emerging markets.

Andela

Venture Round in 2017
Andela is a global technology company founded in 2014, headquartered in Lagos, Nigeria. It specializes in recruiting, training, and connecting top-tier software developers from Africa and other emerging markets with global companies. Andela's platform streamlines the hiring process, enabling businesses to quickly and cost-effectively augment their teams with skilled talent. The company's unique model involves rigorous screening to select the top 1% of developers, providing them with mentorship and continuous learning opportunities, and managing all aspects of borderless hiring, from compliance to payroll. This allows clients to engage with fully managed teams or select individual roles, up to 66% faster and at a 30-50% cost reduction compared to traditional methods. Andela's diverse talent pool spans over 135 countries and specializes in advanced technologies such as application development, artificial intelligence, cloud & DevOps, and data engineering. The company has earned the trust of prominent global brands, including GitHub, Mastercard Foundry, and Mindshare.
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