KOFISI has raised USD 10.5 million in Series B funding led by UK-based Falco Group.
The capital injection is part of a broader USD 35 million round, which will fuel KOFISI’s expansion into new markets including Nairobi, Kigali, and Cairo. The company plans to double its footprint to 1 million sq. ft. of premium workspace across the continent.
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While global investment in Africa has long favored short-term fund models, from microfinance schemes to fragmented infrastructure projects, KOFISI is advocating for a different path: backing operators with proven execution, scale, and local expertise.
“Africa is the market of the future. To win here, you need patience, partnership and a willingness to bet on transformation,” said Michael Aldridge, Founder and CEO of KOFISI.
KOFISI currently operates 11 centers across six African countries, with nearly 500,000 sq. ft. of workspace. In 2024, it recorded 40% year-on-year growth, expanding in Kenya and Morocco.
The latest investment will support a 100,000 sq. ft. flagship location in Nairobi, alongside new sites in Rwanda, Egypt, and beyond. With enterprise clients like AWS, Google, and Bolt, KOFISI is positioning itself as both a workspace leader and a platform for economic transformation.
The Series B round, anchored by Falco Group, reflects a broader trend of operator-driven growth in Africa. Investors such as Novastar Ventures and TLcom Capital are also backing companies with pan-African scale and impact potential, especially in technology and construction.
As Aldridge noted: “The question isn’t whether to invest in Africa, but how to do it wisely and be part of the story as it unfolds.”
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