163 articles · page 5 of 8
We only recorded a few activities in the African startup funding ecosystem last week. Only four companies secured funds from investors. Of the four, only two announced the details of their deals, with Sukhiba Connect securing a $1.5 million equity funding while Zeepay got a $2 million investment from Injaro Investment Advisors. OBM Education and […]
AU Startups·
In the past week, four startups secured financial investments from various VCs and Angels. Egyptian edtech Crafty Workshop, raised $400,000 in Seed funding, while Nigerian insurtech, Haba, secured $75,000 Pre-Seed funding. The other two funding deals involved Outsized and Simply Financial Services, who opted to keep the details of their fundraising rounds undisclosed. Funding Crafty […]
AU Startups·
Last week saw a flurry of activities on the African startup funding scenes. Seven startup companies received funding, with five of them raising upwards of a million dollars. See the details of all the deals, as well as other interesting ecosystem news, below. Funding Linebooker Funding round: ($3.5 Million) Investors: African Rainbow Capital Investments Founded: […]
AU Startups·
We recorded only four funding rounds last week, which is one of the slowest we’ve seen recently. Of the four rounds, only two were made public, the other two opted to keep the details of their deals undisclosed. SA’s fintech SaaS provider, Stitch, raised an additional $25 Million to push its total Series A funding […]
AU Startups·
The African startup ecosystem had a calmer pace of events last week as we only recorded five funding deals, two of whose details are not yet public information. The three other deals featured Revio raising $5.2 Million in Seed funding, Root also secured an additional $1.5 Million from Invenfin while SunCulture got a Debt financing […]
AU Startups·
We witnessed several big-figure funding deals for African Startups last week. Complete Farmer had the biggest funding round of the bunch, raising $10. 4 Million in a mix of debt and equity financing. Lupiya was close behind, raising $8.25 Million in Series A equity. The least funding rounds featured Fixit45, which raised $1.9 Million, followed […]
AU Startups·
Last week featured several undisclosed funding rounds as most startups opted to stay hushed on the details of their deals. Nevertheless, three of the funding activities stood out remarkably. The biggest deal saw LipaLater secure $ 5 Million to fuel its growth plans. In addition to that, Emata and Mecho Autotech both secured $2.4 Million […]
AU Startups·
We recorded quite a number of remarkable deals across the African Startup ecosystem last week. Leading energy startup, Okra Solar raised $12 Million in a mixture of debt and equity funding, while Rentoza secured $6 Million to scale its online subscription services. In addition, Itana, Nestcoin, Kotani Pay, and Anchor all announced fundings in the […]
AU Startups·
Several deals went under the radar last week as most startups and funders opted to stay private with the details of their rounds . Nevertheless, a few notable funding transactions were recorded during the week. The most remarkable funding went to Kentgra who secured $15 Million from Finnfund. In addition SeekMake and LeaseSurance also raised […]
AU Startups·
Last week saw a calm pace of events in the African Startup Ecosystem but most Funders and founders decided to stay tight-lipped on the details of their deals. 3 of the 5 funding rounds featured undisclosed amounts. However, the two other deals were quite impressive. Lemfi had a successful Series A round, securing $ 33 […]
AU Startups·
Last week, debt financing dominated the funding rounds, accounting for 50% of all funding deals recorded. Meanwhile, despite the current funding climate, solar energy companies continue to raise significant amounts; this week, d.light raised $30 million in a debt securitization facility from TBD Group. Funding VitruvianMD Funding round: Seed Extension II ($1.25 million) Investors: 27four […]
AU Startups·
The past week brought a flurry of activity within the African startup ecosystem, marked by nearly ten funding agreements. The mobility sector took the spotlight with Moove securing a substantial $76 million in a blend of equity and debt, complemented by Spiro’s $60 million debt financing. Adding to the momentum, Saviu Ventures stood out by […]
AU Startups·
In the past week, the African startup ecosystem saw a moderate pace, with five funding deals making headlines. One notable highlight was Remedial Health’s successful Series A round, securing $12 million in funding, co-led by QED Investors and Ventures Platform. Ventures Platform also notably led two of the five funding rounds recorded during this period. […]
AU Startups·
Last week, we recorded eight funding deals across the African startup ecosystem. Leading data and cloud martech startup, Terragon raised $9 million in Series B funding. Additionally, GoSolr received an investment from African Rainbow Capital to accelerate its operational targets and meet the increasing demand for affordable solar solutions. Funding Bohikor Funding round: Angel funding […]
AU Startups·
Last week was eventful, with ten funding deals announced, covering pre-seed rounds and multiple debt financing deals. Notably, two East African cleantech companies secured a combined $27.5 million in debt funding, with Rwandan female-focused ecommerce platform, Kasha’s $21 million Series being the most significant deal of the week. Funding Cayesh Funding round: Prize ($50,000) Investors: […]
AU Startups·
In the past week, several early-stage funding rounds took place across the continent, including Tofino Capital and Takeoff Fund’s investment in Caafisom, which is notable as the first recorded funding of a startup based in Somaliland. Angel Funding Twende, a mobility startup based in Côte d’Ivoire, has secured a €30,000 investment from The Business Angels […]
AU Startups·
Last week, the African startup ecosystem witnessed ten funding deals, with Nuru’s $40 million Series B round being the most significant. This funding round pushed the energy startup’s total funding to slightly over $49 million. Additionally, Raba Partnership was involved in two of the recorded funding deals during that period. Pre-Seed Revivo, a Kenyan B2B […]
AU Startups·
Last week, we recorded a total of eight funding rounds, and for the second consecutive issue, Cameroonian startups were featured in the newsletter. Additionally, Ghanaian startups were also represented, with Berry Health and Mazzuma making appearances in this week’s issue. Notably, in its third funding round within the past six months, Chari secured $1.5 million […]
AU Startups·
During the past week, several notable activities took place, similar to the previous week. Specifically, there were seven funding rounds that occurred. Additionally, Google for Startups revealed the 2023 cohort of the Google for Startups’ Black Founders Fund, which consists of 25 startups. Pre-Seed Agel, an Egyptian fintech startup, has successfully raised a significant pre-Seed […]
AU Startups·
Last week witnessed significant activity in the African startup ecosystem, with a total of 11 funding rounds taking place. In addition, The Baobab Network unveiled its newest cohort, consisting of five promising startups from Kenya, Togo, Nigeria, Guinea, and Morocco. Pre-Seed Messenger, a Nigerian logistics platform, has recently completed a pre-seed funding round, the exact […]
AU Startups·
We recorded only two funding rounds last week, which was unusually slow. Helium Health raised $30 million to expand its business, with a particular focus on its fintech offering, and Haul247 raised $3 million in seed funding to expand into other African countries. Seed Haul247, a Nigerian logistics platform, has successfully raised $3 million in […]
AU Startups·
