Auto-discovered — editorial review pending
The African tech industry has only produced nine unicorns to date. Despite massive growth in funding and investment support from internal and external sources over the years, only a handful of companies have crossed the highly coveted $1 billion valuation mark. Admittedly, various factors influence the ability of African tech companies to reach this status. […]
AU-Startups·
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·
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·
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·
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·
The dip in funding activity that we observed last week continued, with less than five disclosed funding deals recorded across the African tech ecosystem this week. However, we witnessed the launch of Flourish Ventures’ Madica, a specialised investment initiative for African pre-seed stage tech startups. Satgana, a climatetech VC firm, also announced the first close […]
AU Startups·
