ARED GROUP

ARED is a infrastructure as a service company to help grow the digital economy in Africa.

Business Model: B2C

Revenue: $0

Employees: 1-10

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Detailed ARED GROUP Information

Geographic Data

ARED GROUP headquarters map

Address:

City: Marietta

State: Georgia

Zip:

Country: United States

Financial Info

Stage:

seed

Raised Last:

$250k

Raised Total:

$650k

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Description

ARED Group Inc was founded in August 2020, we are building a distributed cloud infrastructure as a service company headquartered in the USA with subsidies in Rwanda, Uganda, and Nigeria. ARED started as a Research Lab in 2013, our goal was to help bridge the digital divide that affects over 4 billion people across the world. Most of the investment in the digital divide is focused on bandwidth, yet most of the storage and computing power is controlled by 3 main companies and centralized infrastructure is very expensive. Also, most of the smartphones in developing countries are low-end smartphones with low internal memory and low processing power that accentuate the digital divide. Finally, lack of energy access is a huge problem, if you do not have electricity at home you cannot charge your phone and use it the way you want, also building storage and computing power solution require energy that is why at ARED we use renewable energy. To solve this digital divide, ARED developed a mini-server platform to store digital applications closer to the users and minimize the cost of the internet, and we developed a solar kiosk platform to power the technology but also provide additional services such as phone charging to become a one-stop-shop platform. We spent 6 years developing the technology, and in 2020 we started piloting our technology in 6 African countries with local partners (Rwanda, Uganda, Nigeria, Ethiopia, Burkinafaso, and Ivory Coast). ARED mission is simple, eliminate the digital divide across the world by building a distributed infrastructure closer to the users to minimize the digital access for users.

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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
7/2018 Equity Crowdfunding $250k
5/2018 Seed Round 1 $100k Gray Matters Capital
Gray Matters Capital
5/2016 Pre Seed Round 2 $50k VilCap Investments
Village Capital
VilCap Investments
Village Capital
4/2019 Seed Round 1 $250k Erick Yong
Erick Yong
Announced Date Name Price

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