Kosovo based Gjirafa raises $2 million in Series A funding
Back in 2014, Gjirafa went through the acceleration program of Prague based Startup Yard, while latest news from Techcrunch shows that another Prague based investment fund, Rockaway Capital has put more money into the search engine, leading a Series A round of $2 million.
According to Techcrunch, the new funding is to be put to use â€œgrowing the Balkansâ€™ internet economyâ€ by digitizing and indexing information in Albania and Kosovo, and in turn aims to make Gjirafa the regional leader in search, e-commerce, and online advertising.
Gjirafa.com, co-founded by entrepreneur Mergim Cahani,Â is the first search engine and news aggregator for Albanian, a lexically unique language spoken by over 12 million people worldwide. Using advanced Natural Language Processing algorithms, Gjirafa provides access to data that currently cannot be searched online.
A bit of background
The start-up went through quite an adventure in the past while struggling for investment in the local scene. Cahani was selected among the top three teams of the EYE Venture competition in 2013, and got a grant of 2,000 Euros to move ahead with Phronesis Technologies,Â the early-days of Gjirafa. After going through the program the start-up wasÂ awardedÂ as a winner with 12,000 Euros in support money.
Later-on Phronesis Technologies name was ditched, and Gjirafa.com was announced as part of the 2014 program from Startup Yard, with little information in terms of investments, but good news that the founders had not given-up.
AndÂ today the start-up went through a $2 million investment round in Series A funding from Rockaway Capital. Quite some news from this part of the world.