funding
-
News
[Nigeria] Government launches a $672 million fund to support tech startups
Nigeria has set aside a $672 million fund to support young investors in the tech and creative industries, The introduction…
Read More » -
News
Google opens applications for 3rd cohort of Black Founders Fund 2023 for Africa
Google has opened applications for this year’s Black Founders Fund for Startups in Africa and Europe. Startups from Africa applying…
Read More » -
News
[South Africa] HealthTech startup Envisionit raises $1.65M to expand medical its imaging services
Envisionit Deep AI, a South African health-tech startup that uses AI to bridge the gap in diagnostic imaging, has raised $1.65m…
Read More » -
News
AfricaGoGreen Fund closes $47 million to support tech-focused green projects in Africa
The AfricaGoGreen Fund (AGGF) has raised $47 million in combined investments from top financial organizations, including the International Finance Corporation…
Read More » -
News
Kenyan construction tech startup Jumba has raised $4.5M seed funding
Jumba, Kenya’s construction startup has raised $4.5M in a seed funding round. The startup facilitates retailers of construction materials to…
Read More » -
News
Pan-African cyber security firm Smile Identity raises $20m Series B
Smile Identity, a South African company that offers identity verification and Know Your Customer (KYC) services has raised $20 million…
Read More » -
News
South Africa’s AI-based insurtech startup Naked raises $17 million Series B round
There have been significant efforts to increase insurance uptake across Africa, where reports show a very low market penetration for…
Read More » -
News
Kenyan fintech Power raises $3 million in seed funding
Power Financial Wellness, a Kenyan fintech startup that seeks to advance the financial well-being of its customers has secured a…
Read More » -
News
Saudi Arabia-based HR tech platform, Palm.hr raises $5 million to expand across MENA
Palm.hr, a Saudi Arabian HR firm that automates payroll, tracks leaves and absences and monitors employee performance has secured $5…
Read More » -
News
Egyptian fintech MNT-Halan is Africa’s newest Unicorn after raising $400M
Egyptian fintech startup MNT-Halan has become Africa’s newest unicorn after raising $400 million in debt and equity funding, raising its…
Read More » -
News
Africa’s mobility startup eWaka has secured a $540k loan from SECO
Kenyan mobility solutions provider eWaka has secured a $540,000 loan from the State Secretariat for Economic Affairs (SECO) of the…
Read More » -
News
South African grocery delivery startup Yebo Fresh raises 4.5 million in pre-Series A
Yebo Fresh, a South African grocery delivery startup has raised $4.5m in a pre-series A equity funding round. The pre-series…
Read More » -
News
South African digital lender Lulalend has bagged $35M Series B funding
Lulalend, a South African digital lender offering funding options for businesses has raised $35M in Series B funding. The round…
Read More » -
News
Rural ISP Mawingu raises $9m to expand operations across Kenya
Rural Internet Service Provider (ISP), Mawingu has raised $9 million Series B funding to scale its operations across Kenya. The…
Read More » -
Startups
Kenya’s Zuri Health raises an undisclosed amount of funding from Moroccan VC UM6P Ventures
Zuri Health has raised an undisclosed amount of funding from Moroccan VC UM6P Ventures. The funds will be used to…
Read More » -
Startups
Women-led startups in Africa raised $203.2M in 2022
There has been a significant focus on funding for African-led startups across the globe. Across the continent, several venture capital…
Read More » -
News
Burning Heroes opens applications for its African Edition of Startup Awards
Burning Heroes (BH) Founders Association has announced the launch of its Africa Edition of startup awards. BH says the contest…
Read More » -
Startups
VC fund Ventures Platform closes its pan-African and early-stage fund at $46M
Ventures Platform, a pan-African early-stage Venture Capital firm has today announced the final close of its intercontinental fund, at $46M. …
Read More » -
News
Nigeria’s online furniture store Taeillo raises $2.5 million for expansion
Nigerian online store Taeillo has announced a $2.5 million funding round from Aruwa Capital, a growth equity and early-stage investor.…
Read More » -
News
Africa’s Mobility Financing Startup Moove Raises $30 Million
African mobility fintech startup Moove has raised $30 million just a few months after raising $18.4 million to scale its…
Read More » -
News
Kenyan Edtech company Zeraki Raises $1.8 Million in Seed Funding
Kenyan Edtech company Zeraki has raised a $1.8 million seed funding round to enable product catalog growth and regional expansion.…
Read More » -
News
MEST Africa Opens Applications for its 2024 Training Program
After announcing five African tech startups that made it to the grand finale of the 2022 Africa Challenge pitch competition,…
Read More » -
News
South African VC firm 4Di Capital announces the second close of a new $25 million seed fund
South African- based early-stage technology venture capital fund manager 4Di Capital has announced a close of a new US$25 million…
Read More » -
News
Egyptian supply chain solutions provider OneOrder has raised $3 million
Egyptian supply chain solutions company OneOrder has raised $3 million in seed round funding led by Nclude, with participation from…
Read More » -
News
Nigerian food-tech Orda raises $3.4 million seed round to digitize African restaurants
Nigerian food-tech platform Orda announced has raised a $3.4 million seed round to further digitize food businesses across the continent.…
Read More » -
News
Kenyan Supply Chain and Logistics Startup Leta Secures $3M Funding
Kenyan supply chain and logistics startup Leta has secured a $3M pre-seed equity round led by 4Di Capital, Chandaria Capital,…
Read More » -
Startups
Tanzanian supply chain solutions startup Ramani has raised $32M in equity and debt
Tanzanian supply chain solutions provider Ramani has raised $32M in debt and equity in a Series A round that was…
Read More » -
News
Pan-African solar company Solarise Africa raises $33.4M
Solarise Africa, a pan-African Energy-as-a-Service company that provides reliable and affordable energy solutions across Africa has raised $33.4M to expand…
Read More » -
News
Kenya-based Electric Vehicle Manufacturer BasiGo has raised $6.6 million in funding
BasiGo, the Kenyan-based electric manufacturer working to bring EVs for public transportation has raised $6.6 million (Sh804.5 million ), in…
Read More » -
News
Sky.Garden will not fold up, it has found a new buyer
In September, news of the impending extinction of popular e-commerce website Sky.Garden caught the tech industry by surprise. When we…
Read More » -
News
Sendy raises an undisclosed amount of funding from Japanese VC MOL PLUS
Kenyan Fulfillment and Logistics startup Sendy has announced that it has received funding from MOL PLUS the Corporate Venture Capital…
Read More » -
News
Algeria’s Yassir has raised $150 million in series B funding
Yassir, an Algerian supper platform that offers ride-hailing, food and grocery delivery as well as financial services on a single…
Read More » -
News
Nigerian data and intelligence firm Stears has raised $3.3 Million for expansion to East Africa
Nigerian data firm Stears has raised $3.3 million in a seed round in which Serena William’s VC firm Serena Ventures…
Read More » -
Startups
Nigeria’s heath-tech startup Lifestores Healthcare has raised $3M
Nigerian health-tech startup Lifestores Healthcare has raised $3M for expansion across the country in a pre-Series A funding round. The…
Read More » -
News
Hisa among 7 Kenyan tech startups selected for MEST Africa Challenge 2022
Kenyan fintech Hisa Inc is among the 36 African startups selected for the 2022 MEST Africa Challenge. The mobile investment…
Read More » -
News
South African fintech JUMO launches Vela asset management engine
South African fintech JUMO has launched Vela, an asset management engine built to give investors access to real social impact…
Read More » -
Startups
HAVAÍC completes its third investment in Kenyan FinTech Tanda
Cape Town-headquartered venture capital (VC) firm HAVAÍC has completed its third investment in Kenyan FinTech Tanda. The investment from the…
Read More » -
News
KCB Partners With EV Maker BasiGo Kenya to Finance Electric PSV Buses
The Kenya Commercial Bank (KCB) and electric vehicles manufacturer BasiGo Ltd on Tuesday announced a partnership that will enable investors…
Read More » -
News
Biometrics tech firm iiDENTIFii raises $15 million growth capital
Biometrics tech firm iiDENTIFii has raised US$15 million growth capital, the largest African Series A in the identity verification space…
Read More » -
Startups
Nigeria’s health-tech startup Remedial Health raises $4.4 million in seed funding
Remedial Health, a Nigerian healthtech startup has raised $4.4 million in seed funding to accelerate its expansion across the country.…
Read More » -
Startups
Kenyan insurtech startup Turaco raises $10M Series A funding
Kenyan insurtech firm Turaco has closed a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest…
Read More » -
News
Nigerian fintech Kippa has raised $8.4 million seed round
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round. This round of funding was led by…
Read More » -
News
African startups raised $5 billion last year, just a tip of the global average
Across the African continent, 2021 was a good year for startups as funding hit a record high at about $5…
Read More » -
News
Nigeria’s blockchain startup Bitmama has raised $2 million to scale across Africa
Bitmama is a Nigerian blockchain company that aims to democratize the payment system across the continent. The startup has remote…
Read More » -
Startups
Nigerian fintech startup NowNow raises $13 million for expansion across Africa
Nigerian fintech startup NowNow Digital Systems has raised $13M seed round for expansion across Africa. The company was founded in…
Read More » -
News
12 Kenyan Startups Selected for the 2022 Google Black Founders Fund
Tech giant Google has announced 60 qualifiers for the Google for Startups Black Founders Fund (BFF) for African startups. The…
Read More » -
Startups
Nigerian fintech Grey raises $2M to simplify cross-border payments across Africa
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million…
Read More » -
Startups
Kenyan startups raised $820 million in VC funding in the first half of 2022
Kenya has secured an enviable position among the most competitive innovation and investment destinations in Africa. The country’s attractiveness has…
Read More » -
News
Nigeria’s B2B e-commerce startup Omnibiz has raised $15 million to accelerate expansion
There is a growing number of startups across Africa that are helping to connect manufacturers with wholesalers and retailers. Nigeria’s…
Read More » -
Startups
Koolboks Closes $2.5M Seed Round to Scale Solar Refrigeration Across Africa
Koolboks, the sustainable cooling company providing accessible cold storage solutions to businesses across Africa, has closed a $2.5M Seed funding…
Read More » -
Startups
Kenyan agtech IProcure secures $10.2M to expand into Uganda and Tanzania.
Kenyan tech and data-driven agricultural inputs supply startup iProcure has raised a $10.2 million Series B funding round to support…
Read More » -
News
Kenya’s Lori Systems has raised an undisclosed amount of funding from Google
Kenya e-logistics company Lori Systems which operates across East Africa has raised an undisclosed amount of Round B funding from…
Read More » -
Startups
Kenyan HR startup FaidiHR raises undisclosed amount of funding from SprintX
Kenyan startup Crew HR & Payroll has rebranded to FaidiHR after it received an undisclosed amount of funding from SprintX,…
Read More » -
Startups
Kenyan insurtech Lami Technologies raises $3.7M to expand across Africa
Kenya-based insurtech startup Lami Technologies has raised a US$ 3.7m seed extension to expand its insurtech product across Africa. The…
Read More » -
Startups
Egyptian fashion e-commerce startup The Fashion Kingdom has raised $2.6 Million in seed funding
Egyptian Fashion and accessories startup The Fashion Kingdom (TFK) has raised $2.6 in seed funding round. The company was founded…
Read More » -
Startups
Seedstars announces $30 million fund to invest in 100 startups in emerging markets
Seedstars has announced plans to invest in 100 more startups through its second emerging market seed-stage fund, called Seedstars International…
Read More » -
News
PATRICK NDEGWA: Is 2022 the year for African startups?
Africa is the place to be if you want to discover and support new ideas. According to a Substack newsletter…
Read More » -
News
Kenyan logistics startup Duhqa has raised $2m seed funding for regional expansion
Kenyan B2B logistics startup Duhqa has raised $2 million in seed funding to accelerate its expansion plan. Duhqa was founded…
Read More » -
News
Kenyan edutainment startup Kakua has raised $6M in Series A funding
Kakua, an edutainment startup based in Kenya has raised $6M Series A funding. The funding was led by China’s Tencent…
Read More » -
Startups
Nigeria’s Moove has raised $20m debt funding from British International Investment
The British International Investment (BII) has extended $20 million in debt funding to Nigerian mobility startup Moove. The 4-year structured…
Read More » -
Startups
Nigeria’s Healthtracka Raises $1.5 million, Plans Entry to Kenya and Ghana
The convenience of getting health solutions from the comfort of your home is possibly one of the greatest achievements of…
Read More » -
News
Moringa School raises an undisclosed amount of funding from Leading Investor Proparco
Learning-accelerator Moringa School has raised an undisclosed amount of funding from Proparco to support its expansion outside Kenya. The funding…
Read More » -
Startups
Breaking: Kune Food is shutting down
Kenyan food-tech startup Kune Food is shutting down. Kune which officially began commercial operations with four meal hubs located in…
Read More » -
News
Investor Network Unveils Programme to Support Africa’s Sustainable Development Goal Targets
Africa is the most vulnerable to the effects of Climate Change despite contributing only 4% of carbon dioxide emissions. Yet,…
Read More » -
News
Nigerian fintech firm VeendHQ secures $330k pre-seed investment
Nigerian fintech firm VeendHQ has secured $330k pre-seed funding to expand its operations. Magic Fund, The Oak Capital, Future Africa, Berrywood…
Read More » -
Startups
Kenyan construction logistics startup Jumba raises $1m pre-seed round
Jumba, a Kenyan construction supply chain startup that was launched in April this year has raised $1m in pre-seed funding.…
Read More » -
News
Nigerian fintech startup Indicina raises $3m seed funding for Africa expansion
Nigerian fintech startup Indicina has raised $3 million in seed funding round to accelerate its expansion into other African markets.…
Read More » -
Startups
Tunisian edtech startup GOMYCODE raises $8 Million Series A funding to expand across Africa
A Tunisian edtech startup GOMYCODE has raised one of the highest African funding this quarter of the year after clinching…
Read More » -
News
Africa’s digital economy to reach $712 billion by 2050, Endeavor Nigeria report
Africa’s technology ecosystem is set for a period of exponential growth, accelerated by strong market fundamentals and the impact of…
Read More » -
Interviews
Kenyan brewer African Originals seeks to raise $700k in new funding
African Originals, a Kenyan startup using local ingredients to make world-class beverages is seeking to raise $700,000 to scale its…
Read More » -
Startups
South Africa’s edtech startup FoondaMate raises $2 million seed funding
South African edtech startup FoondaMate is helping high school students in emerging markets to access revision material through WhatsApp and…
Read More » -
News
Healthtech startup Zuri Health raises $1.3-million to expand across Africa
Kenyan healthtech startup Zuri Health has raised $1.3-million in funding to expand across Africa. The startup which offers mobile-based healthcare…
Read More » -
News
Kenyan fintech Bamba raises $3.2m seed funding to scale
Kenyan fintech startup Bamba has secured $3.2m in seed funding to scale its app and build out its team. Venture capital…
Read More » -
Startups
Nigeria’s Freight Forwarder Topship Raises $2.5M Seed Funding
Since tech-based startups started playing a key role by bridging gaps in the logistics sector in Africa, we’ve witnessed tremendous…
Read More » -
Startups
Kenyan B2B e-commerce startup TopUP Mama Has Raised $1.7 million Seed Funding
TopUp Mama a Kenyan startup that makes it easy for eateries to access supplies, banking services and management tools has…
Read More » -
Startups
African Startups Raised $2billion in 2021, Report
The African Tech Startups Funding Report (2021) demonstrates a continued interest by investors in promising African startups. According to the…
Read More » -
News
US VC firm Activant Capital opens new office in Cape Town
US-based Growth equity firm Activant Capital has announced that it is expanding its research and due diligence capabilities with a…
Read More » -
Startups
Egyptian Fintech Paymob raises $50M in Series B funding
The continued attention on African fintech startups is attracting unprecedented attention and investments from high-ranking venture capitalists. The latest such…
Read More » -
News
U.S. Government is pumping $3 billion on electric vehicles
The fast-growing electric vehicle manufacturing industry has gotten a major boost after receiving $3 billion in infrastructure funding from the…
Read More » -
Startups
Nigerian Trade Tech Firm Norebase Raises $1M in Pre-Seed Round
Norebase, a Nigeria-based trade technology firm announced on Wednesday that it has secured $1M pre-seed funding round. The funding round…
Read More » -
Startups
Nigeria’s OnePort 365 secures $5 million Seed Funding to Digitize Freight Management in Africa
Nigeria’s digital freight forwarding company OnePort 365 has raised $5 million in seed funding to drive the end-to-end digitisation of…
Read More » -
Startups
Solar energy provider Sun King raises $260 million in latest funding round
Sun King, a solar energy company that helps power off-grid homes in Africa and Asia has raised $260 million in…
Read More » -
News
Kenyan social commerce platform Tushop raises $3M in pre-seed funding
Tushop, a Kenyan social-commerce platform that enables group-buying of fast-moving consumer goods (FMCGs) has raised $3 million in pre-seed funding. …
Read More » -
Startups
Egyptian e-sport startup Eksab raises $3M to scale its fantasy football platform
Cairo-headquartered e-sport startup Eksab has raised $3M Seed funding round, bringing the company’s total investment to date to $3.7M. The…
Read More » -
Startups
Nigerian logistics startup Kwik raises $2 million Series A Round to digitize informal African trade
Nigerian logistics startup Kwik has closed its $2 million Series A round led by XBTO Ventures, an investor focused on…
Read More » -
Startups
Kenyan fintech 4G Capital raises $18.5M from Lightrock
Kenyan fintech credit provider 4G Capital has raised $18.5 million in Series C funding from global private equity firm Lightrock. …
Read More » -
Startups
M-KOPA raises $75M funding as it hits two million customer milestone
Connected asset financing platform M-KOPA, has raised $75M funding. The ”Growth Equity round” as the company describes it in a press…
Read More » -
Startups
Kenyan startup MarketForce raises $40M to scale its merchant inventory financing program
Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa Today, MarketForce has raised $40…
Read More » -
Startups
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa’s highest valued Unicorn
As the African fintech space continues to bloom, so does the funding. Flutterwave, the San Francisco-headquartered and Lagos-based company that…
Read More » -
Startups
BitKE to host a webinar on startup funding in Africa, register to attend now
2021 was the biggest year, so far, in the history of funding for African startups which saw over $4.6 billion…
Read More » -
Startups
Haskè Ventures announces a $150K investment in Senegalese retail-tech startup ProXalys
Senegalese retail-tech startup ProXalys has raised $150,000 in pre-seed funding from Haskè Ventures, the venture builder for Francophone Africa. The…
Read More » -
Startups
Remedial Health raises $1 million pre-seed funding to digitize African pharmacies
Healthtech startup Remedial Health has raised $1 million in pre-seed funding to digitize neighbourhood pharmacies across Africa starting with Nigeria.…
Read More » -
Startups
DCA extends application deadline for Miss. Africa Seed-Fund Impact Program
Miss.Africa Initiative led by DCA Academy has announced that it is extending the application deadline for its Miss.Africa Seed- Fund…
Read More » -
Startups
Oracle commits $1M to support African tech startups
Oracle has announced support of $1 million for tech startups in Africa that will help accelerate their digital initiatives with the latest cloud technologies…
Read More » -
Startups
Kenyan electric vehicle startup BasiGo secures $4.3 million seed funding to commercialise its electric bus business model
Kenyan-based electric vehicle technology and financing startup BasiGo has closed a $4.3 million seed funding round. The funding was led…
Read More » -
Startups
Egyptian digital investment startup Thndr raises $20m to democratize investing in the MENA region
Thndr, the Egyptian digital investment platform has announced a new $20 million series A investment round. The funding was co-led…
Read More » -
News
Logistics startup Truck It raises $13 million seed round, largest in MENAP trucking space
Pakistan’s logistics tech startup Truck It In has closed a $13 million seed round jointly led by venture capital firms…
Read More » -
News
Kenyan logistics startup Amitruck raises $4M funding to expand across Africa
Kenya-based digital trucking logistics startup Amitruck has secured $4 million in seed funding to expand its operations across Africa. The…
Read More » -
Startups
Kenyan low-cost ISP Poa Internet raises $28 million funding
Kenyan low-cost internet service provider Poa Internet has closed a $28 million round of funding led by Africa50. Poa Internet…
Read More » -
Startups
Kenyan BNPL Startup Lipa Later Secures $12M funding to Expand Across Africa
Kenyan buy-now-pay-later (BNPL) startup Lipa Later has raised $12 million funding from a consortium of investors to expand its operations…
Read More » -
News
FSD Africa announces a £3m investment in Kenyan fintech firm MFact
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today announced a £3m investment in Kenyan fintech firm…
Read More »