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Global tech, startups & capital — covered for Africans.

442 stories in the archive · page 6 of 22

Ecosystem Insider

Issue #98: Edtech, Klas raises $1m pre-seed while Remotely also secured $315k for its pre-seed funding

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 […]

AU-Startups·2/13/2024

Industry Insights

The Short Life Expectancy of African Startups – Why African Startups Die Young

Africa as a continent is blessed with creative and industrial individuals who possess both the ability to develop innovative solutions to problems and the entrepreneurial spirit to convert the solutions into profitable business ventures. As a result, Africa is currently home to numerous nascent companies providing interesting solutions to needs across the continent and beyond. […]

AU-Startups·2/9/2024

Ecosystem Insider

Issue #97: OfferZen raises $4.3m, Roboost secures $3m while Viebeg Medical secures funding to boost health solution

The African startup ecosystem had a moderate pace of events last week which featured only five funding deals. Of the five deals, the details of two involving Viebeg Medical and Carry1st were kept under wraps. Elsewhere, OfferZen raised $4.3m, Roboost secured $3m while South African Athena received $150,000 to expand health financing solutions in South […]

AU-Startups·2/5/2024

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Ecosystem Insider

Issue #112: Spiro secured $50m debt funding, D.light obtained $3.4m, MNZL raised $3.5m while Maad had debt and equity funding of $3.2m

Last week featured four announced funding activities in the African tech business ecosystem. Electric Vehicle manufacturer Spiro secured $ 50 million in debt funding, and solar energy solutions provider, d.light, also obtained $3.4 million. Elsewhere, Egyptian fintech MNZL secured seed funding of $ 3.5 million while B2B ecommerce solutions Maad raised $ 3.2 million in […]

AU-Startups·5/21/2024

Navigating Regulatory Challenges in Africa

Guides

How African Tech Startups Can Navigate Regulatory Challenges

The average African startup battles numerous challenges regularly, from striving to develop scalable solutions tailored to the unpredictable African market to securing funding and staying afloat in extremely volatile economies. Most African startups have it more difficult than their competitors operating in other parts of the world. To complicate the situation, they also have to […]

AU-Startups·5/15/2024

Ecosystem Insider

Issue #111: SeamFix secured $4.5m for expansion while Swypex and Axmed raised $4m and $2m seed fundings respectively.

Last week’s African startup industries scenes featured three funding rounds and one acquisition. South African HealthTech Startup, Axmed raised $2 million in seed funding to improve pharmaceutical supply chains. Egyptian B2B fintech, Swypex, also secured $4 million in seed funding. At the same time, Nigerian identity solutions provider, Seamfix obtained $4.5 million to fuel its […]

AU-Startups·5/14/2024

Resources

Thriving in Times of Uncertainty as a Founder

If there’s one constant in the world of entrepreneurship, it’s change. The landscape is always shifting, the rules are constantly being rewritten, and what worked yesterday may not work tomorrow. For founders, this can feel overwhelming—but it’s also where the greatest opportunities lie. In a world where the only certainty is uncertainty, the ability to […]

AU-Startups·5/10/2024

Reports

The New 0.5% Cybersecurity Levy – What It Means For Nigerians

The Central Bank of Nigeria released a circular on Monday, May 6th, instructing all banks to commence deducting a 0.5% cybersecurity levy on all electronic transactions processed from accounts domiciled with them. The directive will take effect two weeks from Monday, May 20th, 2024, and will affect all commercial, merchant, non-interest, and payment service financial […]

AU-Startups·5/9/2024

Ecosystem Insider

Issue #110: Renda secures funding of $1.9m, Chowdeck receives $2.5m, Kubik obtains $5.2m, while Meditect had an undisclosed funding round

Last week’s funding scenes featured only seed and pre-seed rounds. Environment-focused startup, Kubik had the highest haul, receiving $5.2 Million seed funding. Nigerian Chowdeck also had a seed funding round and secured $2.5million. Logistics startup, Renda obtained $1.9 million in its pre-seed round while Meditect had an undisclosed funding round. Funding Renda Funding round: Pre-Seed […]

AU-Startups·5/7/2024

Ecosystem Insider

Issue #109: HyperionDev raises $5m, Bokra received$4.6m, and Bluworks secures $1m to improve its HR tech

Last week, South African Edtech startup, HyperionDev secured $5 Million, while Egyptian fintech, Bokra, obtained $4.6 Million pre-seed fund. Fellow early stage startup, Bluworks also raised $1 Million while three other startups received undisclosed amounts as the African startup ecosystem records another significant funding week. Funding HyperionDev Funding round: $5 Million Investors: Undisclosed Founded: 2012, […]

AU-Startups·4/30/2024

Ecosystem Insider

Issue #108: Pula raises $20 Million, Folklore Secures $3.4 million, while Roscas and the Potcast Production Had Undisclosed Rounds

There were four funding rounds in the African tech startup ecosystem last week. Most notably, Agri-insurance company Pula secured $20 Million in its series B funding round. B2B ecommerce platform provider, Folklore also secured seed funding of $3.4 Million while Mozambique’s Roscas and Egypt’s Potcast production had undisclosed funding. Funding Folklore Funding round: Seed ($3.4 […]

AU-Startups·4/23/2024

Ecosystem Insider

Issue #107: Hewatele secures $20m, Sunculture raises $27m while two others obtained undisclosed funding

Last week we recorded four funding deals in the African startup ecosystem. Kenya’s health-focused startup, Hewatele, secured $20 million to improve its medical oxygen production facilities. SunCulture, also raised $27 Million to further scale its IoT-enabled solar energy systems. The other two companies, Affinity Ghana and Inputi had undisclosed rounds. Funding Hewatele Funding round: $20 […]

AU-Startups·4/16/2024

Ecosystem Insider

Issue #106: Burn Manufacturing secures $12 Million, Rivia acquires Waffle, while Thepeer closes down

Last week, there was an unprecedented lull in funding activities across the African startup ecosystem. Only one startup, Burn Manufacturing, made the news for securing funding. In other news, health tech startup, Rivia, has acquired SaaS provider, Waffle, for an undisclosed amount while Nigerian fintech, Thepeer closed down its operations. Funding Burn Manufacturing Funding round: […]

AU-Startups·4/9/2024

Ecosystem Insider

Issue #105: BasiGo, Sprints, and Zeepay secure $3m each while RNR obtains 634k funding from investors.

There weren’t many activities on the African funding scene last week as only four startups secured funds during the period. BasiGo, Sprints, and Zeepay each secured $3m while South African Right Now Response raised $634,000 from HAVAIC. Funding BasiGo Funding round: $3 Million Investors: CFAO Group, Founded: 2017, Kenya Founders: Jit Bhattacharya Products: BasiGo offers […]

AU-Startups·4/2/2024

Ecosystem Insider

Issue #104: Moove raised $100m, Float received $11m, and Zone secured $8.5m while mTek obtained $1.25m

We recorded six funding deals in the African startup ecosystem last week one of which was the most impressive deal recorded in Africa in months. It featured Moove, a mobility fintech company raising $100 million in its series B funding round. Elsewhere, Float also raised a remarkable $11 million while Zone and mTek raised $8.5 […]

AU-Startups·3/26/2024

Ecosystem Insider

Issue #103: Simera Sense raises $14.7m, Planet42 gets $16m from Standard Bank, Dodai secures $4m, and 3 others also obtained significant funding.

The African startup funding landscape had an impressive run of events last week as 7 startups raised funding. Planet42 had the highest funding, raising $16m from Standard Bank. Following closely behind was Simera Sense securing almost $15m. The other startups recorded include ORA, 30MED, YouVerify, dKilo, and Dodai. Find the details of the deals below. […]

AU-Startups·3/19/2024

Ecosystem Insider

Issue #102: Nigerian MDaaS secures $3m, Tookeez raises $1.5m while RecoMed raises an undiclosed amount from Eisei

Similar to the previous couple of weeks, we only recorded 3 funding deals in the African startup ecosystem last week. South African health tech, RecoMed secured an undisclosed amount from Japanese pharmaceutical company, Eisei. Elsewhere, Moroccan startup, Tookeez obtains $1.5 Million, while Nigerian health tech, MDaaS raised $3 million to further develop its proprietary technology […]

AU-Startups·3/12/2024

Founders Spotlight

IWD Special – Top Women Founders-Executives Making Waves in the African Startup Ecosystem

International Women’s Day is set apart to celebrate all women globally for their remarkable efforts and contributions to improving the world. It’s been said that women are the backbone of society, the strength of families, and the architects of the future. This retort concisely encapsulates the crucial role women play in modern development. This year’s […]

AU-Startups·3/9/2024

Ecosystem Insider

Issue #101: MoneyHash raises $4.5m, Cue secures $2m while Bfree also obtained $2.95m equity funding

We recorded three funding deals in the African startup ecosystem last week. Egyptian payment operating system provider, MoneyHash secured $4.5 million in seed funding, CRM solution provider, Cue, also obtained $2 million in seed funding while portfolio management solution provider, Bfree raised $2.95 million to improve its risk management solution. Funding MoneyHash Funding round: Seed […]

AU-Startups·3/5/2024

Ecosystem Insider

Issue #100: South African Hohm Energy raises $ 8m seed fund, Arnergy secures $3m while Mamamoni obtained $270k

Last week, we recorded only three funding activities which marks the lowest number recorded in a week so far this year. During the week, Energy-focused startups, Hohms Energy and Arnergy raised $ 8 million and $ 3 million respectively while Mamamoni secured $270k to improve its women-focused fintech solution. Funding Hohm Energy Funding round: Seed […]

AU-Startups·2/26/2024

Ecosystem Insider

Issue #99: Mobility fintech Moove secures $10 million to expand into India while Roam raises $24 million in debt and equity financing

Last week, we witnessed a number of deals in the African startup ecosystem. Most remarkably, East African electric vehicle manufacturer, Roam, secured $24 million in debt and equity financing, similarly, Ilara Health also raised $4.2 million in Pre-Series A debt and equity funding. Elsewhere, mobility fintech, Moove, obtained $10 million to expand into India and […]

AU-Startups·2/19/2024