Crypto start-up Bitmama closes pre-seed round
African blockchain company Bitmama has closed a $350,000 pre-Seed round, led by Flori Ventures, with participation from Nigeria-based investment fund Emergence Capital, Fedha Capital, and…
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Sudanese classifieds platform alsoug raises $5m funding; round includes Egyptian unicorn Fawry
Sudanese classifieds and marketplace platform alsoug has raised US$5 million in Series A funding in a round that includes Egyptian…
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SA’s DigsConnect banks $200k grant from Dell Foundation to assist low-income students
South African student housing marketplace DigsConnect has secured a ZAR3 million (US$200,000) grant from the Michael & Susan Dell Foundation to help…
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A classifieds startup Alsoug receives Sudan’s first foreign tech investment in over 25 years
Sudanese classifieds startup, alsoug has received a $5 million investment co-led by Egyptian fintech company, Fawry. The investment is the first foreign…
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Eden Life Closes $1.4m Seed Round to Build Out Africa’s First Home Services App
Eden Life, Africa’s first home services app for scheduling food, laundry and cleaning services, has completed a $1.4m Seed round,…
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Tunisian logistics startup Lamma raises funding from Orange Ventures
Tunisian last mile delivery startup Lamma has secured an undisclosed investment from Orange Ventures to fuel its international expansion. Founded…
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Favour Ori’s new fintech startup, Payday raises $1m pre-seed to build Africa’s paypal
Payday, a Pan-African financial technology company has announced a $1m pre-seed fund raise. According to the startup, the raise will help…
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Tiger Global backs African fintech Mono in $15M Series A round
Mono, an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A…
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DPI announces the $900 million final close of the African Development Partners III Fund, one of the largest African funds
African Development Partners III Fund (ADP III) has surpassed its US$800 million target and is set to close at US$900…
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Moroccan B2B e-commerce startup Chari raises $5m seed round for expansion
Moroccan B2B e-commerce and fintech startup Chari has raised a US$5 million seed round which values the company at US$70…
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Tunisian big data startup Biware raises $1.2m funding round
Tunisian data management and analysis startup Biware has raised a MAD3.5 million (US$1.2 million) seed funding round to help it…
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SA industry 4.0 solution business Stone Three raises expansion funding
South African startup Stone Three, a leading industry 4.0 solution business that combines expert services with the power of machine…
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Why The Biggest Challenge Start-ups Face Is Not Access To Funding
According to a report published by the World Bank, it was observed that while Small and Medium Enterprises (SMEs) create…
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Zoom’s $14.7-Billion Deal with Five9 Put On Mute
In July, video conferencing mainstay Zoom announced that it was stepping into its first major acquisition buying cloud call centre service provider…
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Nigeria’s Andela Achieves $1.5-Billion Valuation in Latest Series E Round
Andela, a global engineering talent outsourcing company launched in Nigeria in 2014 has secured a $200-million investment during a Series…
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Nigerian B2B payments platform Verto raises $10m Series A round
Nigerian startup Verto, a B2B payments platform that provides a fast, simple, and reliable way for small and medium-sized enterprises…
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SA’s Sun Exchange secures $2.5m funding to boost scaling efforts
South African startup Sun Exchange, a peer-to-peer solar leasing platform, has raised a further US$2.5 million in funding by way…
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SA startups invited to apply for mLab accelerator programme
mLab Southern Africa has opened applications for its StartUp Accelerator, offering selected companies access to mentorship, business clinics and grant…
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Senegalese logistics startup Yobante Express raises $1.2m seed round
Senegalese delivery startup Yobante Express, an online marketplace that connects local couriers with local commerce to optimise domestic, cross-border and…
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Egyptian blockchain startup Pravica raises funding to scale operations
Cairo-based startup Pravica, a communication platform using blockchain technology to empower user privacy and security, has secured an undisclosed investment…
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Flat6Labs announces 2nd close of Tunisia seed fund at $10m
Flat6Labs, a regional seed and early-stage VC firm, has announced the second close of its Tunisia-based Anava Seed Fund (ASF),…
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Nigerian crypto exchange Yellow Card raises $15m Series A funding
Nigerian cryptocurrency exchange Yellow Card has raised US$15 million in Series A funding to ramp up hiring and continue its…
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Moroccan e-health startup DataPathology raises $223k funding
Moroccan e-heath startup DataPathology has raised MAD2 million (US$$223,000) to help it transform the pathological diagnosis system and improve services…
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Input Output launches $6M fund for startups to build on Cardano in Africa
Input Output has launched a six million dollars (USD) blockchain fund in Africa, to invest in the most innovative blockchain projects, who…
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Fintech dopay Raises US$18 Million Series to scale in Egypt
Dopay, the B2B2C payments platform serving 1.7bn unbanked workers in emerging markets, has closed a US$ 18 million Series A…
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As remote work becomes normal, Ukio raises $9M for premium long-term rentals
Startups have spent the last decade trying to offer every variation of Airbnb that they can imagine. But Ukio thinks it has…
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LG is acquiring automotive cybersecurity startup Cybellum in a $240M deal
LG Electronics, the Korean tech giant that once was a leading player in mobile phones but is now winding down that…
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Egyptian commerce marketplace Shiphaly secures 6-figure seed funding round
Egyptian startup Shiphaly, a platform connecting shoppers and travellers, has raised an undisclosed six-figure seed funding round from angel investors…
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Egyptian social commerce startup Brimore secures investment from Fawry
Egyptian social commerce startup Brimore has raised funding from e-payments solutions and banking services provider Fawry, the North African country’s…
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Uganda’s gnuGrid raises $612k seed round as it pivots into fintech space
Ugandan startup gnuGrid has increased the size of its seed funding round to US$612,500 as it pivots its product offering…
