Zagace

Zagace Inc. operates as a digital app store and data center provider, focusing on delivering enterprise software to small and medium-sized businesses (SMBs).

The company was founded in 2013 by Mubarak Muyika. Orphaned at a young age, Muyika demonstrated his entrepreneurial spirit early by founding Hype Century, a web hosting company, at 16, which he later sold in a six-figure deal. The proceeds from this sale, along with subsequent investments, were used to establish Zagace, initially in Nairobi, Kenya. In 2015, the parent company was restructured and relocated to San Jose, California, to better serve a global market.

Zagace provides a suite of cloud-based, software-as-a-service (SaaS) applications designed to manage a variety of business functions. These functions include accounting, human resources, payroll, marketing, sales, inventory, and project management. The platform's business model is centered on offering these tools at an affordable price point, making enterprise-level software accessible to smaller companies. The applications are customized to meet the needs of specific industries and the legal and taxation requirements of different countries. By December 2019, Zagace reported having over 1.5 million account subscriptions from 20,000 small business customers across more than 30 countries.

The firm has successfully raised significant capital to fuel its growth and customer acquisition efforts. It has secured a total of $16.7 million in funding from various investors, including DraperDarkFlow (DDF), UHT Investments, Blackrock Capital LTD, and P Management 415 Inc. The company is currently identified as a deadpooled company.

Keywords: enterprise software, SMB software, SaaS, cloud-based applications, business management software, accounting software, HR software, startup, Mubarak Muyika, app store, financial management, deadpooled