163 articles · page 6 of 8
Last week was a relatively slow period in the ecosystem, with only four funding rounds reported. However, Azur Innovation Fund continues to make waves, attracting attention for the second consecutive week by investing $1 million in a startup based in Morocco. Pre-Seed Zofi Cash, an Ugandan fintech company, has successfully raised a $1 million pre-seed […]
AU Startups·
We recorded eight deal activities in the African startup ecosystem last week, the most notable of which was TymeBank’s $77.8 million pre-Series C round. This deal brought the fintech’s total funding to just over $260 million. We also recorded two pre-seed deals and two seed deals. Pre-Seed Kunda Kids, a Nigerian media publisher and creative […]
AU Startups·
Last week was marked by a flurry of funding activities, with a total of eight deals ranging from pre-seed to series B. Notably, M-KOPA made headlines with its massive $255 million funding round, while Sabi secured an impressive $38 million in Series B funding, valuing the company at $300 million. Pre-Seed Amini, a Kenyan climatetech […]
AU Startups·
Welcome to the latest edition of AU-Startups Ecosystem Insider, your go-to source for the latest updates on the African startup ecosystem and its funding activities. From fintech to healthtech, cybersecurity to HRtech, let’s dive into the exciting funding rounds and acquisitions that are shaping the entrepreneurial landscape across the continent. Funding Pennee, a Nigeria-based fintech […]
AU Startups·
Last week saw the announcement of Nomba’s $30 million Pre Series B, which has increased the company’s valuation to a whopping $150 million, the launch of Fingo Africa’s youth-focused neobank in collaboration with Ecobank, and Proparco’s investment to help support the Egyptian fintech sector. Let’s dive straight into the details. Funding Nomba, a Nigerian payment […]
AU Startups·
Last week was a busy one in the African startup ecosystem, with seven funding deals recorded. Capria Ventures also announced the first close of its new $100 million fund. Let’s dive straight into the details. Funding Mecho Autotech Inc, a Nigeria-based automotive aftersales platform, has received an undisclosed amount of investment from Global Brain, a […]
AU Startups·
Last week, we recorded five funding deals across Africa. Autochek, the Nigerian car financing platform, continues its acquisition spree with the acquisition of Autotager, its sixth in less than two years. Pre-Seed CoaChess, a Tunisia-based gaming platform, has raised a $191,000 (600,000 TND) pre-seed funding round from Omicrone. Founded in 2021 by Iheb Kaabi, CoaChess […]
AU Startups·
The ecosystem experienced a slow week last week, with only two new funding deals recorded. Lupiya, a Zambian micro-loan marketplace, secured a partnership deal with the USAID EDGE project to help transform the country’s agriculture sector. Interestingly, both funding deals recorded last week were also in the agtech sector. Let’s get into the details. Series […]
AU Startups·
Despite the week ending early due to the Easter holiday, we recorded a significant number of funding deals and activities across the African startup ecosystem. South African startups dominated the funding news last week, as two venture capital firms secured investments for their new funds and a partnership was announced between the Ethiopian national payment […]
AU Startups·
Last week, the African startup scene witnessed an interesting turn of events, with venture fund news surpassing startup fundraising news. Despite this, three startups operating in Nigeria successfully secured seed funding rounds. In this edition of the Weekly Insider, we will delve into the details of these noteworthy developments. Seed Payday, a Rwanda-based fintech startup, […]
AU Startups·
We had three funding rounds, two notable venture news stories, and one acquisition last week. It might be useful to note that this was the third recorded acquisition transaction in three weeks. Let’s get into the details. Seed Rwazi, a Mauritius-based market intelligence startup, has secured $4 million in a seed round led by Bonfire […]
AU Startups·
Last week was a busy one for the African startup ecosystem. We had eight fundraises, an acquisition, and the launch of two startup funds. Let’s get into the details. Pre-Seed Conservio, a travel booking platform focused on Southern and Eastern Africa, has announced a $500K pre-Seed funding round led by Volce Capital. Founded in 2021 […]
AU Startups·
Last week was especially slow in the African startup funding scene, with only two funding rounds recorded. Andela also acquired Qualified, a leading technical assessment platform, as it sought to rapidly increase its ability to source and assess technical talent. Funding Nuru, a clean energy company based in the Democratic Republic of the Congo, has […]
AU Startups·
Last week, we recorded four funding rounds, with Francophone Africa taking the spotlight. Startups from Morocco, Guinea, Senegal, and Nigeria raised funds. Seed Fleeti, a Senegalese fleet management startup, has received seed funding of $3.1 million (€3 million) from Newfund, Janngo Capital, PG Dev, and Proparco. Founded in 2020 by Iban Olçomendy and Gabriel Delerue, […]
AU Startups·
Last week was a little slower than previous weeks, with only five funding deals recorded. We did, however, record the year’s second mega-deal, with South African-based car subscription startup Planet42 raising $100 million in a mix of debt and equity. Seed Envisionit Deep AI, a South African medtech startup, has raised $1.65 million in seed […]
AU Startups·
The Baobab Network and TECA accepted a combined twelve early-stage startups to their cohorts this week, continuing the trend of accelerators and incubators announcing their cohorts. These startups, ranging from personal beauty marketplace to startups addressing climate change, will receive funding as well as venture building support. We recorded twenty-four funding rounds in a week […]
AU Startups·
This week, like previous weeks, saw a lot of funding activity, with a total of nine funding rounds recorded. The majority of them were early stage investments, with five of them being seed or pre-seed investments. Fastagger and Sendy raised undisclosed amounts while Yodawy raised the highest amount recorded in the week; $16 million in […]
AU Startups·
This week was a great week for the African startup ecosystem, with approximately $450 million raised in funding and 18 startups raising funds. The year’s first African unicorn was minted, and 12 early-stage startups received funding through ARM Labs’ new Techstars Accelerator in Lagos. Overall, it was a fantastic week. Let’s get into the details. […]
AU Startups·
This week, we recorded a total of seven funding deals, with three Nigerian startups contributing to this total. Fintech startups dominated the funding rounds, with appearances from logistics, agtech, and healthtech startups as well. Shekel Mobility’s $1.95 million seed round was the week’s largest funding deal. Let’s get into the details. Pre-Seed Trade Lenda, a […]
AU Startups·
This week saw a flurry of activity, with two startups being acquired: gaming platform Galactech and valet service provider Go!TwentySix. There were fifteen funding deals, including accelerator funding, with South African gaming mobile games publisher Carry1st’s $27M Pre-Series B deal being the largest. Pre-Seed Pakam, a Nigerian waste recycle management app, has raised $635,000 in […]
AU Startups·
We recorded a number of funding deals across the African startup ecosystem since the beginning of the year, with the largest being Jetstream’s $13M Pre-Series A deal. Notably, BioNTech also recently acquired Tunisian AI startup InstaDeep in a deal worth $684 million, making it Africa’s biggest exit till date. Our H2 2022 Funding Review is […]
AU Startups·
