Today’s episode of Africa’s Weekly Funding Review is exciting. As always, we recorded some fundraising and acquisition announcements this week in the African tech & startup ecosystem.
If you missed it, here are the highlights:
- Homzmart raised $23 million in a pre-Series B funding round
- Lami raised $3.7 million in a seed extension round
- Beacon Power Services raised $2.7 million in a seed funding round
- Youverify extended its seed funding round to $2.5 million
Homzmart, an Egyptian end-to-end platform that sells home furniture, home decor, lighting, and home services, raised a $23 million pre-Series B round from STV, Impact46, Outliers Ventures, Rise Capital and NUWA Capital.
Lami, a Kenyan insurtech revolutionizing insurance for underwriters and businesses in Africa via a single platform, raised $3.7 million in a seed extension round led by Harlem Capital. Other investors participating in the round include Newtown Partners, Peter Bruce-Clark, Caribou Honig and Jay Weintraub and senior members from Exotix Advisory.
Beacon Power Services, a leading provider of data and grid management solutions for Africa’s power sector, raised $2.7 million in a seed funding round led by Seedstars Africa Ventures with participation from Persistent Energy, Kepple Africa Ventures, Factor[e] and Oridun Capital Management.
Youverify, a Nigerian startup that helps companies automate their decisions, onboard the right customers and fight fraud using data, extended its seed funding round to $2.5 million co-led by Orange Ventures and LoftyInc Capital. Other investors participating in the round include Octerra Capital, Plug & Play Venture, Syntax Ventures, HTTP Investors, Afer Group and Fronesyz Capital.
Skrmiish, a South African gaming startup that gives anyone, anywhere, the ability to make money on the blockchain by playing the games they love, secured a $2.5 million seed round from Launch Africa Ventures, the Blockchain Founders Fund, and Stellar.
The Oxford Seed Fund announced an investment in HealthDart.
That’s all for this week! Kindly share this with your friends.
Have a fantastic weekend!