South African online home cleaning service company SweepSouth has raised $11 million in funding led by Alitheia IDF a private equity fund.
The startup has disclosed that the recent funds raised will be used to drive its expansion and grow its infrastructure, as it currently operates in cities in South Africa, Nigeria, Kenya, and Egypt.
Commenting on the new fund it raised, Co-founder, Aisha Pandor said, “This new funding round is an important one for our team as we continue to scale in South Africa, and further grow our operations in Kenya, Nigeria, and Egypt. We’re excited to continue SweepSouth’s work in connecting customers with home service providers across the continent, building a platform that empowers domestic workers and local tradespeople.”
“We are particularly proud to have raised funding from Alitheia IDF, a female-led fund, and to have included more women investors on the cap table via a female-focused SPV during this round. We are excited about what this means for us going forward and thrilled to have Polo Leteka from Alitheia IDF join the board,”
Also commenting on its support for SweepSouth, Principal Partner at Alitheia IDF Fund, Polo Leteka, said: “We are proud to support SweepSouth’s growth as it expands its platform that substantially improves the financial and social outcomes for domestic workers across Africa, most of which are women.
“In the domestic services industry, which is notoriously informal and exploitative, SweepSouth’s model solves autonomy, security, increasing income for its service providers, and affordability and flexibility for its end users.
“AIF’s investment will enable the development of infrastructure and operations that will deliver growth for stakeholders – particularly domestic workers and local tradespeople at the base of the economic pyramid.”
Alitheia IDF is a pioneering private equity fund that identifies, invests in and grows SMEs led by gender-diverse teams to achieve superior financial returns and social impact for communities in Africa.