ARED is a Hard Tech as Service (HAaS) company that has developed a solar kiosk platform to bring last mile distribution of prepaid services and digital connectivity to people belonging to low income groups.
Investment Rationale
ARED uses a scalable micro-franchise model that is an income game changer employing women, disabled individuals and refugees at its solar-powered kiosks. Using the coLABS funding, it is making its first international expansion into Uganda to market test its newest kiosk model, the Shiriki Hub.
Gray Matters Capital was excited to see the team’s sincere commitment to impact while deploying a needed tech innovation.
Location: Italy, Umbria, Africa
Employees: 11-50
Investors 2
| Date | Name | Website |
| - | Gray Matte... | graymatter... |
| - | VilCap Inv... | vilcapinve... |
Mentions in press and media 19
| Date | Title | Description | Source |
| 13.02.2020 | Data: Africa’s “new blood”, rather than the “new oil”... | Share this: Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new... | appsafrica... |
| 09.01.2020 | Meet ARED, the Rwandan company revolutionising how people ch... | Share this article: Rwandan entrepreneur, Henri Nyakarundi, moved to the US in 1996 to study comput... | techpoint.... |
| 25.07.2019 | Gray Matters Capital’s coLabs invests $100k in Kenyan B2B ag... | US impact investor Gray Matters Capital has invested $100 000 in Nairobi-based B2B agritech startup ... | venturebur... |
| 25.07.2019 | Gray Matters Capital’s coLabs invests $100k in Kenyan B2B ag... | US impact investor Gray Matters Capital has invested $100 000 in Nairobi-based B2B agritech startup ... | venturebur... |
| 22.11.2018 | Gray Matters Capital’s GMC coLABS invests $250k in Nigeria’s... | US-based impact investor Gray Matters Capital has made a $250 000 investment in Nigerian healthtech ... | venturebur... |
| 22.11.2018 | Gray Matters Capital’s GMC coLABS invests $250k in Nigeria’s... | US-based impact investor Gray Matters Capital has made a $250 000 investment in Nigerian healthtech ... | venturebur... |
| 20.09.2018 | ARED selected as one of 10 finalists for the Innovation Priz... | Zurich (Switzerland), September 2018. GreenTec Capital Partners is very pleased to report that ARED ... | greentec-c... |
| 13.07.2018 | Here’s how startups that assist African women can tap $250k ... | Think you startup has the potential to “dramatically improve” the lives of women and girls in Africa... | venturebur... |
| 13.07.2018 | Here’s how startups that assist African women can tap $250k ... | Think you startup has the potential to “dramatically improve” the lives of women and girls in Africa... | venturebur... |
| 11.07.2018 | US impact investor invests $250k in Ghanaian startup Redbird... | US impact investor Gray Matters Capital has invested up “to $250 000” in Ghanaian medical diagnostic... | venturebur... |
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