Rwazi, a startup providing AI-powered intelligence software for consumer insights, has successfully raised a $12 million Series A funding round. Bonfire Ventures led this investment.
The company, co-founded by Joseph Rutakangwa and Eric Sewankambo in 2021, helps businesses gain real-time visibility into consumer markets.
The new capital will scale Rwazi's AI co-pilot and facilitate hiring more engineers. This market intelligence platform offers real-time data from 190 countries. Previously, Rwazi secured a $4 million seed round in 2022, also led by Bonfire Ventures.
Rwazi's software predicts consumer behavior and identifies crucial areas for businesses. This capability helps reduce customer acquisition costs and boosts customer loyalty. Prominent clients include Coca-Cola, Pampers, Visa, and Nestlé.
The company differentiates itself from traditional consumer insights firms like GFK and Ipsos. Rwazi does not rely on modeled or inferred data. Instead, its infrastructure enables direct insight and execution.
Other investors in this Rwazi Series A funding round include Santa Barbara Ventures, Newfund, and Alumni Ventures.
