Issue #77: Kentegra raises $15 million as LeaseSurance, SeekMake, and Smartprof also got substantial fundings

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 substantial amounts to improve their operations Funding Kentegra Biotechnology Holdings LLC Funding round : Undisclosed ($15 Million) Investors : Finnfund Founded : 2017, Kenya Founders : Scott Sweat , Adam Wood , Products : Kentegra Biotechnology Holdings LLC is a leading producer of organic insecticide pyrethrum. The company produces refined pyrethrum extract which is an active ingredient derived from the Chrysanthemum flower. The products are intended for Home Biocide, agricultural and pharmaceutical pesticide markets. What Next? : Fuelled by the funding, the company is set to revolutionize Kenya’s farming landscape by developing more effective products that are also environmentally friendly and affordable for African farmers. SeekMake Funding round : Series A ($539,000) Investors : Lafayette Group , Flat6Labs Founded : 2018, Tunisia Founders : Adel Ayari, Zino Adidi Product: SeekMake operates a digital manufacturing platform that facilitates the rapid and secure realization of ideas, projects, and prototypes. The startup mediates between industrial manufacturers and end users, streamlining the manufacturing process and accelerating part production within days What Next: SeekMake intends to use the investment to fuel its expansion plans on an international scale. With the capital infusion, the company is setting its sights on new markets, particularly France and Germany. HEDG Funding round: Pre-seed (Undisclosed ) Investors: Undisclosed Founded: 2022, Egypt Founders: Ahmed Abdel Moaty Product: Egypt-based fintech HEDG operates a savings management platform that provides pension plans for employees in the MENA region. The company’s solution is aimed at revolutionizing retirement planning for private workers What Next? : Backed by the investment, HEDG is set to expand its presence in Egypt and enhance its B2B offerings. The company aims to redefine traditional retirement services through seamless digital experiences and tailored retirement plans. SLE3TI Funding round : Undisclosed Investors : Cash Plus VC Fund Founded : 2020, Morocco Founders : Abderrahim Zizi , Ayoub HARIJ Product : SLE3TI operates a B2B marketplace that facilitates the distribution of FMCG products intended for local retailers. The platform connects consumer goods suppliers and distributors to retailers in Morocco, streamlining the procurement process, optimizing inventory and strengthening links between key players in the supply chain. What Next?: Buoyed by the newly acquired funding, SLE3TI plans to expand its presence and diversify its operations in the continuously evolving FMCG supply chain sector. LeaseSurance Funding round : Seed ($161,000) Investors : Fedgroup Private Capital Founded : 2020, South Africa Founders : Paul Schaefer Product : LeaseSurance operates a financial technology infrastructure designed to maximize assets in rental real estate by replacing security deposits with lease insurance. The platform provides a comprehensive B2B solution for rental real estate owners and operators, providing them with tools to bolster operating income and optimize portfolio performance. What Next? : LeaseSurance intends to invest the newly acquired funding in efforts to expand its team and develop more advanced cutting-edge technology solutions for the real estate industry. Smartprof Funding round : Undisclosed Investors : FUZE Founded : 2020, Morocco Founders : Hamza Faiz , Mustapha Faiz and Ali Faouzi Product : SmartProf runs a digital educational platform with the aim of connecting proficient tutors with parents searching for effective tutors for their children. Primarily, the company runs an online tutoring marketplace. What Next?: using the newly acquired funding, Smartprf intends to extend its reach in North Africa and expand its operations into West Africa. ______________________________________________________________________________ Introducing Ecosystem Matching 🚀🚀 Connect, collaborate, and catalyze growth with AU-Startups Ecosystem Matching. Join us today by registering your interest in the area that aligns with your goals: Investor Matching: Are you an angel investor, venture capitalist, or institutional investor, we scout and introduce you to startups that match your investment thesis. Register your interest to connect with high-potential startups and be part of Africa ’ s growth story. Register Interest Startup Matching: Are you seeking funding, guidance, or strategic partnerships for your startup? Get matched with Advisors, Talents, Investors and other crucial startup resources and opportunities. Register Interest Talent Matching: Are you in need of skilled and vetted tech and star