We witnessed six funding deals in the African startup ecosystem last week. Nigerian Edtech, Klas, remarkably raised a pre-seed funding of $1 Million. Ghanaian tech talent startup, Remoteli, also secured $315,000 from pro footballer, Jeremie Frimpong, to scale their operations and launch the “Pathways Project ” for young footballers. The details of the other funding deals were undisclosed.
Funding
Bosso
Funding round: Undisclosed
Investors: Renew Capital
Founded: 2022, Zambia
Founders: Chisepo Chirwa
Products: Bosso Africa operates an all-in-one online marketplace designed to streamline the construction supply chain. The platform is designed to improve the accessibility of building materials for hardware stores, construction companies, and individual builders across the continent.
Bosso also offers multiple financing options to customers, including the popular Buy Now Pay Later (BNPL) credit approach, traditional mortgages, and the Save Now, Build Later (SNBL) approach
What Next? : The funds will be channeled into fostering Bosso’s mission to transform the construction industry and improve accessibility to building materials and financing options for real estate development.
Kwely
Funding round: Undisclosed
Investors: Digital Africa’s FUZE
Founded: 2020, Senegal
Founders: Birame Sock
Products: Kwely operates as a B2B wholesale distribution network focusing on Made-in-Africa products. The company collaborates with African manufacturers to grow their brands, helping them achieve export-ready status and redefine the perception of African products globally.
What Next? : The company aims to position Made-in-Africa products in major global retail outlets, hotels, airports, specialized shops, and restaurants. The company has also recently unveiled its packaging studio, and is poised to offer filling and packaging services to its clients as well.
Klas
Funding round: Pre-seed ($1 Million)
Investors: Ingressive Capital, Techstars, HoaQ
Founded: 2022, Nigeria
Founders: Nathan Nwachuku, Lekan Adejumo
Products: Klas helps tutors to develop and sell ebooks, and courses, and conduct live classes. The company operates a platform that incorporates essential components like scheduling, payments, community features, analytics, and video conferencing facilitating knowledge sharing across diverse subjects such as coding, design, finance, art, and languages.
What Next? : Klas intends to follow through with its expansion roadmap. Fuelled by the funding, it will target markets such as India and North America.
Medikea
Funding round: Undisclosed
Investors: Catalyst Fund
Founded: 2022, Tanzania
Founders: Elvis Silayo. Desire Ruhinda
Products: Medikea operates an innovative hybrid model combining telemedicine with physical clinics, strategically located in underserved communities. The company aims to make essential healthcare services more accessible to Tanzanians in remote areas.
What Next? : The investment aims to fuel Medikea’s expansion to increase its reach and impact across Africa.
Tappi
Funding round: Undisclosed
Investors: Renew Capital, Acacia Ventures
Founded: 2022, Kenya
Founders: Kenfield Griffith, Louis Majanja
Products: Tappi offers innovative end-to-end Software as a Service (SaaS) and enterprise-grade tools that streamline website creation, customer engagement, and online advertising for businesses.
What Next? : The company intends to leverage the investment to deepen its connections with businesses and expand its reach in Africa
Remoteli
Funding round: Pre-Seed ($315,000)
Founded: 2020, Ghana
Founders: Samuel Brooksworth
Products: Remoteli operates a job-matching marketplace. Its AI-powered software matches qualified tech talent with organizations needing their skills.
What Next? : The company is in the process of improving its product by augmenting it with additional functionalities and tools such as project management tools, invoicing solutions, and customizable features for each organization’s needs.
Opportunities
NSIA Prize for Innovation 2024 For Nigerians Startups, Entrepreneurs & Innovators
LEAP Africa Leadership Accelerator Program 2024
SAIS Female Founder Award 2024 for Female Business Owners in Africa
