Funding led by an existing investor will fund a Lagos engineering hub and accelerate the LLM platform roadmap.
ACCRA, Ghana — Spalce Technologies Ltd, the enterprise software company building cloud, mobile, and AI platforms for governments and large businesses across Africa, today announced a $14 million Series A extension. The round was led by an existing institutional investor, with participation from two new strategic partners in the Gulf and Western Europe.
The capital will be used to open a second engineering hub in Lagos, Nigeria, double the size of the platform team behind the Spalce Intelligence Layer, and accelerate the rollout of the company's regulated-industry LLM product for banking, public sector, and energy customers. The extension brings total funding raised by the company to $29 million since 2019.
Spalce has more than tripled customer revenue powered through its platform over the last 18 months, now sitting at a cumulative $2.1 billion. The company supports more than 60 active engagements across 12 countries, ranging from sovereign payments rails to mid-market enterprise modernization programs.
“We did not raise this extension because we needed runway. We raised it because the pace at which African enterprises and governments are adopting modern platforms has surprised even us, and we want to meet that demand without compromising on engineering quality.”
The Lagos hub, which is expected to open in the third quarter of 2026, will focus on building reusable components for fintech and public-sector clients. It will also serve as the home of the firm's applied research practice on cost-efficient inference for African languages, an area where Spalce has been working with university partners since 2024.
- Round size: $14M Series A extension
- Use of proceeds: Lagos engineering hub, LLM platform, applied research on African-language inference
- Total raised to date: $29M since 2019
- Customers: 60+ active engagements across 12 countries
Spalce will continue to be headquartered in Accra. The company expects to grow headcount from 150 to roughly 220 engineers and product staff by the end of 2026, the majority of those hires based on the continent.