VC Funding
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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…
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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…
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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.…
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News
Kenyan insurtech firm mTek secures $3 million funding
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional …
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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.…
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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…
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News
Cairo Angels Injected Undisclosed Amount in Kenya’s FlexPay
Fintech startup FlexPay has raised an undisclosed amount of funding from Cairo Angels Syndicate Fund(CASF). The Kenyan firm operates an…
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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…
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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…
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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…
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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…
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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…
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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…
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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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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…
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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…
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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…
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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…
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Startups
Nigeria’s agri-tech startup ThriveAgric raises $56.4m debt funding to accelerate African expansion
Nigeria’s agri-tech startup ThriveAgric has raised $56.4M in debt funding from local commercial banks and institutional investors to grow its…
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Startups
Kenyan e-commerce startup Sokowatch raises $125M, rebrands to Wasoko
Kenyan based B2B e-commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever…
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Startups
Vehicle financing startup Moove secures $105 million for expansion
African fintech mobility startup Moove has raised $105 million in new Series A2 financing. This comes just seven months after…
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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
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
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.…
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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…
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Startups
Insurtech startup Casava secures $4m pre-seed funding to provide affordable insurance for millions of Nigerians
Nigeria’s digital insurance company Casava has secured US$4 million in pre-seed funding to provide affordable and accessible insurance products for…
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Startups
Ivorian e-commerce startup Afrikrea raises $6.2M in pre-Series A, rebrands to “ANKA”
Afrikrea, an Ivorian e-commerce startup has raised $6.2M pre-Series A round led by Investisseurs & Partenaires. The startup has also…
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News
[This Week in Tech] Telkom Kenya signs a $100M deal to scale its 4G network and other top stories
Kenya’s 4G subscriptions market share will more than double from 24.2% in 2021 to 53.6% by 2025. Local telcos have…
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News
SoftBank Leads a $200M Investment Round in Andela
Andela, the global network for remote engineering talent, has announced $200 million in Series E financing. The financing round which…
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News
Nigeria’s healthtech startup 54gene secures $25 million in a Series B round
Nigeria’s healthtech startup 54gene, has raised $25M in a Series B round funding to expand its capabilities to contribute to…
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News
Pangea Trust opens applications for its Startup Connect Programme
Pangea Trust has opened applications for its Startup Connect Programme. The programme was launched yesterday at an online event moderated by security…
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News
Kenyan startup MarketForce raises $2m pre-Series A to scale its B2B retail marketplace, RejaReja
MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa has raised a…
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News
South African tech startup LetMeIn.to raises R2.2-million to scale its visitor and access management platform.
South African tech startup LetMeIn.to has raised R2.2 million in funding from an undisclosed impact investor to scale up and expand…
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News
MEST Africa is investing a combined $700k in seven startups from its 2020 graduating cohort
Pan-African incubator, MEST Africa will invest a combined $700,000 in seven early-stage startups from its 2020 graduating cohort. The selected…
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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 E-health startup Vezeeta raises $40m Series D funding round led Gulf Capital
Egyptian e-health startup Vezeeta has raised a US$40 million Series D funding led by UAE-based Gulf Capital, alongside further investment…
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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
On-demand delivery platform Sendy raises $20 million round
Kenyan on-demand delivery platform Sendy has raised a $20 million Series B led by Atlantica Ventures. The funding was also backed…
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News
[Column] There’s not enough women-led tech startups – and it’s costing us all
Africa’s technology startup scene is vibrant – and growing fast. There are currently over 640 active technology hubs across the…
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