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…
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LoftyInc, an Early-stage Afrocentric VC Firm Completes Oversubscribed $14.3m Fund
An early-stage venture capital business called LoftyInc Capital Management has announced the final close of its LoftyInc Afropreneurs Fund 3…
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African Fintech Startup, Djamo Secures $14 Million to Penetrate new Markets
Djamo, a fintech firm in Francophone Africa building a personal finance business, has acquired $14 million in equity funding to…
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Solarise Africa Secures $33.4M for Pan-African Expansion
Solarise Africa, a pan-African Energy-as-a-Service provider, has received a $33.4 million facility from Lion’s Head managed fund, the Facility for…
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Kenyan Startup, Leta Secures $3M to Expand to West Africa in 2023
Leta, a Kenyan startup, has raised $3 million in order to expand across West Africa in 2023. Leta is a…
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Kenyan Agritech Business, Stable Foods Raises $600k in Funding
A Kenyan business called Stable Foods has raised US$600,000 to create a method for producing smallholder food that is climate-smart….
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Betafi Secures $1.3 Million in Pre-seed Funding
With participation from Nir Eyal and creators of top businesses like Razorpay, Pine Labs, Snapdeal, Livspace, and others, Betafi, a…
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Goodwell Investments launches $154m uMunthu II fund
Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million) uMunthu II fund with the goal…
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Grinta, Egyptian Digital Pharmacy Startup Secures $8m in Seed Funding Round
In order to build its full-stack tech platform, grow its staff, and spur expansion across the Egyptian market, Cairo-based startup…
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SmartProf, Morocco’s edTech Startup Secures $110,000 in Pre-seed Round for Growth
Smartprof, an online marketplace for children of school age that is based in Morocco and uses edtech, has received a…
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German Startup Programme, develoPPP Ventures Announces €100K Grant for Kenyan and Tanzanian Startups
DeveloPPP Ventures, a startup program sponsored by the German government, has announced a grant of €100,000 for startups in Kenya…
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Kenya’s BasiGo Secures $6.6m in new Seed Funding to Facilitate Commercial Delivery of Electric Buses
In order to launch the commercial delivery of locally produced electric buses and charging infrastructure, the Kenyan firm BasiGo has…
