VC
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News
Dream VC Opens Applications for its 2023 Talent Accelerator Program in Africa
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2023 Accelerator Program for VCs in Africa. …
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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…
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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…
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Startups
Africa-focused VC firm TLcom Capital appoints Eloho Omame as Partner to attract more female-led tech startups
TLcom, the Africa-focused venture capital firm, has appointed Eloho Omame as a Partner. The appointment, the firm says is to bolster its…
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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…
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WomenInTech
Shirley Somuah named Partner at Lagos based private equity fund manager CardinalStone Capital
Lagos-based private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as its new Partner. The appointment comes…
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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. …
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Startups
Dream VC opens applications for its VC Fellowship Program in Africa
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2022 fellowship program for VCs in Africa.…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Startups
African fintech mobility startup Moove raises $10 million financing from NBK Capital Partners
African fintech mobility startup Moove has closed a US$10 million financing facility from NBK Capital Partners. Moove is Uber’s exclusive…
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Startups
South African fintech startup CompariSure raises $980k pre-Series A funding for expansion
South African fintech startup CompariSure has raised $980,000 in pre-Series A funding round for expansion in the South African market.…
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Startups
Tech startups key to Africa’s digital transformation but urgently need investment, report
The World Economic Forum’s latest report, “Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa” analyses the…
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Startups
Call for startups to Pitch Live at 2022 Africa Startup Summit in Nairobi
Africa Tech Summit has opened applications to the 2022 edition of Pitch Live at the fourth Africa Startup Summit. The…
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Startups
Kenyan Mobile commerce platform Copia raises $50 Million to ramp up African expansion
Kenyan-based mobile commerce platform Copia has raised $50 million in a Series C equity round led by Goodwell Investments. Copia…
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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…
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Startups
Kenyan fintech startup Zanifu raises $1M funding, eyes Ghana and Uganda expansion
Kenyan fintech startup Zanifu has closed a $ 1 million seed round to scale its business and improve on its…
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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…
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News
Nigeria’s CcHUB invested in over 11 high-growth African startups in 2021
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) invested in over 11 tech startups in Africa in 2021 through its new…
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Startups
Ghanaian health tech startup mPharma secures $35million Series D funding for expansion
Ghanaian health tech startup mPharma has raised $35 million in a Series D round led by Citigroup Inc. Other investors…
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Startups
AfDB to invest $170 million in Nigerian startups
The African Development Bank (AfDB) has approved a loan of $170 million to finance a digital and creative enterprises program…
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Startups
Ventures Platform Closes its First $40M Pan-African Fund
Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across…
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Startups
Nigerian online learning platform Edukoya raises $3.5 million in pre-seed funding
Nigerian online learning platform Edukoya has raised $3.5 million in pre-seed funding led by European VC firm Target Global. The…
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Startups
PAC Holdings sets up The Catalyst VC project to invest in African startups
PanAfrican Capital Holdings (PAC Holdings) has set up The Catalyst, a venture capital project, to identify and invest in growth to product-expansion…
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News
Francophone Africa Payments Processor CinetPay secures $2.4 million seed round from 4DX Ventures and Flutterwave
CinetPay, a digital finance platform that enables merchants in Francophone Africa to seamlessly accept and make payments, has announced a…
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Startups
Egyptian fintech startup KlickIt raises undisclosed amoung of funding
Egyptian fees management and digital collection platform, KlickIt, has announced the closing of its first investment round to further develop…
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Startups
Kenyan fintech startup Asilimia raises $2 million in pre-seed funding
Kenyan fintech startup Asilimia has raised $2 million in pre-seed funding to expand its operations to new markets in East Africa.…
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Startups
Nigerian Fintech Startup Brass Secures $1.7M Financing Round
Nigerian fintech startup Brass has secured $1.7mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders and…
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News
African-focused Payments Firm pawaPay Raises $9M Seed Funding
African-focused payments firm pawaPay has raised a $9m Seed funding led by UK-based investment fund 88mph. Vunani Capital, Kepple Ventures,…
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Startups
African Fintech startup Pngme raises $15m Series A funding
African fintech startup Pngme has raised $15 million in Series A funding as the company sets out to grow its…
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News
Top African regions set to become leading startup and investment hubs
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy,…
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News
Healthtech startup BASMA.com raises $3m funding to scale up its platform in the MENA region
UK-based, MENA focused, startup BASMA.com has closed a $3 million Series to scale up its healthtech platform in the region.…
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News
Nigerian fintech startup ImaliPay Raises Pre-Seed Funding from Australian VC firm TEN13
Nigerian fintech startup ImaliPay has raised an undisclosed amount of pre-seed funding from Australian venture capital firm TEN13. ImaliPay, which…
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News
Kinyungu Ventures Research calls for Changes to Cut-and-paste VC Strategy In Africa
There continues to be a wide misalignment between traditional venture capital models and the African market, this is according to…
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News
Kenyan e-health startup Ilara Health raises $3.75 million in Series A funding
Kenyan e-health startup Ilara Health has raised $3.75 million in Series A funding led by TLcom Capital, with participation from…
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News
Nigerian fintech startup CredPal raises $1.5million funding round
Nigerian consumer credit startup CredPal has raised a $1.5million funding round. The funding came as the startup prepares to launch its…
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News
This Nigerian HR startup has raised a seven-figure round to expand across Africa
Nigeria’s HR startup SeamlessHR has closed a seven-figure deal as it seeks to expand across other African markets. SeamlessHR was one…
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Startups
VC4A Calling On African Startups To Apply For 2020 ‘Venture Showcase Series A’ program
VC4A is calling on African startups looking to raise between $500K and $10M to apply for the 2020 ‘Venture Showcase…
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Startups
Orange Launches Seed Challenge For Startups in Africa and The Middle East
Orange Ventures has launched the MEA Seed Challenge targeting startups in Africa and the Middle East. The challenge is looking…
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News
Bolt raises Ksh.11 Billion in funding from Naya Capital to Boost its Growth Strategy
Bolt (Formerly Taxify) has raised a Ksh. 11 billion investment round bringing its total capital raised to date to more…
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Startups
Egyptian food delivery startup Elmenus raises $8m series B funding
Egyptian food delivery startup elmenus has raised $8 million Series B funding round. The round was co-led by Global Ventures,…
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Startups
Applications for the 4th edition of Digital Lab Africa’s acceleration programme opened
Digital Lab Africa (DLA) has opened applications for its fourth edition of the DLA acceleration programme (DLA#4). Creatives and cultural…
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Startups
MEST Africa is investing $100,000 in each of these 11 startups from its 2019 graduating cohort
MEST Africa is investing US$1,1m in eleven early-stage startups from its 2019 graduating cohort. This is the largest single investment…
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Startups
FasterCapital seeking to fund startups in Kenya
On the 11th July 2019; more than 20 African countries brought into effect what is going to be the largest…
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