Workpay, YC-backed HR-payroll Startup Secures $2.7M to Expand in Africa
Due to the rising demand for payroll and other HR solutions, the global HR payroll market is anticipated to develop…
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Startup Wise Guys Closes $26.7m of Diversified Funds for Pan-African Expansion
Startup Wise Guys, a VC and accelerator company, has raised the first EUR25 million (US$26.7 million) of EUR45 million (US$48…
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Jumba, Tech Construction Platform Raises $4.5 Million Seed Fund
Jumba, a tech platform that makes B2B building material purchases easier, has raised a $4.5 million seed round of funding….
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The Baobab Network, a Nairobi-based Accelerator Invests $50k in 5 new African Startups
A Nairobi-based accelerator known as The Baobab Network has revealed its most recent batch of five investees, each of whom…
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MobileMasr, Egypt-based e-Commerce Startup Secures $500,000 for Growth
MobileMasr, an e-commerce platform established in Egypt, has partnered with Intercap Capital Investment Bank to raise $500,000 in a seed…
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Curacel, Nigerian Insurtech Receives $3m Seed Funding to Penetrate North Africa
A Nigerian insurtech firm called Curacel has raised $3 million in seed capital to expand into North Africa, which includes…
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Sendmarc, South African Online Security Startup Secures $7M Funding
Sendmarc, a leading provider of email and domain security based in South Africa, has raised US$7 million in a Series…
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Afrocentric Luxury e-Commerce Startup, Jendaya Secures $1.2 Million in pre-Seed Funding
Fashion items are among the most popular, if not the most popular, on many e-commerce platforms. In Africa, for example,…
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Egyptian Healthtech Startup, Yodawy Completes $16 Million in a Series B Round to Promote Growth
Yodawy, a pharmacy benefits platform established in 2018 with the goal of restructuring Egypt’s drug supply chain, has secured $16…
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Global VC Firm, Partech Secures Largest Africa-focused Fund at $263 Million
The largest Africa-focused fund to date, Partech Africa II has reached its first close at €245 million (about $263 million),…
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Gameball Secures $3.5M to Promote its CRM Platform for Consumer Brands
Customer relationship management (CRM) solutions have become increasingly popular over the past several years, and it is predicted that the…
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Kenyan Mobility Startup, eWAKA Secures $540,000 in Funding
A Kenyan business called eWAKA that seeks to enhance sustainable mobility has received strategic investment from the State Secretariat for…
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Lulalend Secures $35M in Series B Funding Round to Unveil Lula, a Digital Bank for South African SMEs
Lulalend, a digital business lender based in Cape Town, South Africa, raised $35 million in a Series B funding round…
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Convergence Partners Closes $296 Million to Promote Digital Infrastructure in Africa
Convergence Partners, the top private equity investor in sub-Saharan Africa’s technology industry, is pleased to announce the $296 million closure…
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Trade Lenda, Nigerian Fintech Startup Secures $520m in pre-Seed Round to Scale
Trade Lenda, a Nigerian fintech firm that provides access to financing for micro, small, and informal retailers’ business needs, has…
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Yebo Fresh, South African Food e-Commerce Startup Secures $4.5m in pre-Series A Round
Yebo Fresh, a South African e-commerce business that delivers fresh goods and food to townships, has secured a ZAR78 million…
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South African Mobile Games Publisher, Carry1st Completes $27 Million in Pre-series B Funding
Carry1st, an African mobile games publisher, has recently received a $27 million pre-Series B investment to help it grow its…
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Cathedis, Moroccan Logistics Startup Secures $735,000 for Expansion
Cathedis, a logistics startup based in Morocco that specializes in delivery and e-logistics, has announced the completion of its pre-series….
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Catalyst Fund Announces $2M Investment Into 10 Startups Enhancing Resilience of Underserved, Climate-vulnerable Communities in Africa
A $2 million investment into 10 entrepreneurs creating solutions to increase the resilience of climate-vulnerable populations in Africa has been…
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Releaf, a Nigerian agritech company, receives $3.3 million and introduces new technology to increase profitability.
Releaf, a digital firm that makes it simpler for African producers of consumer goods to get access to high-quality materials…
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Mahaseel Masr, Egyptian B2B Fresh Produce Platform Secures Funding to Scale
The Emirates International Investment Company (EIIC) has provided funding to Egypt’s Mahaseel Masr, a regional B2B fresh produce digital platform,…
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Solarise Africa Secures $3M Investment from EDFI ElectriFI to Expand Operations in Kenya
The majority of Solarise Africa’s operations are in Kenya, and the company has secured $3 million from EDFI ElectriFI to…
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Suplyd, Egypt’s B2B Startup Raises $1.6M in Funding for Expansion
In the MENA region’s hotels, restaurants, and catering (HORECA) industries, Suplyd, an Egypt-based startup, digitizes supply chain operations. It has…
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Ventures Platform Closes its Pan-African Fund, Records $46M
A Pan-African early-stage venture capital firm called Ventures Platform closed its fund at $46 million with the intention of investing…
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Kenyan e-Health Startup, MyHealth Africa Closes $1m in Seed Funding for Expansion
MyHealth Africa, a Kenya-based healthtech startup, has raised $1 million in seed funding to expand its presence in Africa. The…
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Owoafara, Nigerian Fintech Startup Secures Funding From ShEquity
Owoafara, a Nigerian fintech startup that provides digital banking to help the world’s unbanked population gain access to financial products…
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Zeraki, Kenyan Edtech Startup Raises $1.8 Million to Facilitate Regional Expansion
Zeraki, a Kenyan educational technology platform that provides digital learning and school data analytics, has raised $1.8 million in early…
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4Di Capital Completes Second Close of a new $25 Million Seed Fund
The second closing of the new $25 million fund managed by South African seed capital firm 4Di Capital has recently…
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Kenya-based Skincare Brand, Uncover secures $1M for Expansion across Africa
Africa’s beauty and personal care market is expanding rapidly as a result of its growing young and fashion-conscious population, rising…
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Orda, a startup in restaurant management in Nigeria, raises $3.4 million in an early round.
Orda, a Nigerian company that develops cloud operating systems for restaurants, has raised US$3.4 million in a seed round to…
