Issue #57: Victory Farms Raises $35M in Series B Round, While Lupiya Secures $18M Partnership Deal with USAID EDGE Project
The ecosystem experienced a slow week last week, with only two new funding deals recorded. Lupiya, a Zambian…
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Ecosystem Insider
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Issue #56: Peach Payments Secures $31M in Series A, as EthSwitch Partners Mastercard in Ethiopia
Despite the week ending early due to the Easter holiday, we recorded a significant number of funding deals and…
Issue #55: Payday Raises $3M in Seed, As Four VCs Announce Launch of New Funds
Last week, the African startup scene witnessed an interesting turn of events, with venture fund news surpassing…
Issue #54: Rwazi Secures $4M in Seed Round, While Factor[e] Ventures Launches Africa-focused Venture Studio
We had three funding rounds, two notable venture news stories, and one acquisition last week. It might be useful…
Issue #53: Almentor Raises $10M in Pre-Series C Round, While Nigeria Launches $672M Startup Fund
Last week was a busy one for the African startup ecosystem. We had eight fundraises, an acquisition, and the…
Issue #52: Nuru Raises $1.5M in Convertible Notes, While Andela Acquires Qualified
Last week was especially slow in the African startup funding scene, with only two funding rounds recorded.…
Issue #51: YMO Raises €3M Seed Round, While KoolSkools Secures $960k Investment
Last week, we recorded four funding rounds, with Francophone Africa taking the spotlight. Startups from Morocco,…
Issue #50: Jumba Raises $4.5M Seed Round, While Planet42 Secures $100M in a Mix of Debt and Equity
Last week was a little slower than previous weeks, with only five funding deals recorded. We did, however,…
Issue #49: Smile Identity Raises $20 Million Series B Round, While 12 Early-stage Startups Get Accepted Into Accelerators Across the Ecosystem
The Baobab Network and TECA accepted a combined twelve early-stage startups to their cohorts this week,…
Issue #48: Jendaya Raises $1.2M in Pre-Seed Funding, While Yodawy Secures $16M in the First Close of its Series B Round
This week, like previous weeks, saw a lot of funding activity, with a total of nine funding rounds recorded. The…
Issue #47: MNT-Halan Raises $400M Round, While ARM Labs Invests $1.2M into 12 African Early-stage Startups
This week was a great week for the African startup ecosystem, with approximately $450 million raised in funding…
Issue #46: Cathedis Closes $735,500 Pre-Series A Round, While Shekel Mobility Raises $1.95 Million in Seed Round
This week, we recorded a total of seven funding deals, with three Nigerian startups contributing to this total.…
Issue #45: Kwara Raises $3 Million in Seed Extension Round, While Carry1st Closes $27 Million Pre-Series B Round
This week saw a flurry of activity, with two startups being acquired: gaming platform Galactech and valet…
Issue #44: Jetstream Raises $13 Million Pre-Series A Round, While Karmsolar Secures $3 Million in Debt Financing Deal
We recorded a number of funding deals across the African startup ecosystem since the beginning of the year, with…
Issue #43: Suplyd Secures $1.6 Million in Pre-Seed Funding, While Sun King Closes Massive $70 Million Series D Extension Round
Over the past week, several companies in various sectors, including e-commerce, restaurant logistics,…