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Gjirafa raises $6.7M in Series B funding

Techcrunch has broken the news about the latest Series B funding for the Albanian search engine, Gjirafa.com, for which we wrote about a couple of times in the past.

Back in 2014Gjirafa went through the acceleration program of Prague-based Startup Yard, then in 2016, it announced Series A funding of $2 million from Rockaway Capital.

Today, Gjirafa claims roughly 3 million monthly unique users across its services and has raised a Series B round of $6.7 million from Rockaway Capital. According to TechCrunch, the funding is intended for scaling the current products regionally.

The Series B will allow the company to double their current team (currently at 70 full-time, and about 100 in total with part-time), scale with the existing products regionally and deliver other digital services that aren’t available in the region.

Gjirafa.com, co-founded by entrepreneur Mergim Cahani, 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.

Gjirafa has become the largest e-commerce player in the region with products like Gjirafa50 & GjirafaMall, while also having a leading OTT product: GjirafaVideo and GjirafaStudio, equivalent to Hulu and Netflix. Gjirafa currently has about 1 million minutes of video consumed a day (and growing double-digits on monthly basis) and more than 80 live channels online.