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 several remarkable funding deals last week. The headline deal was d.light’s $176 million securitization funding led by African Frontier Capital. It was followed closely by MNT-Halan’s $157.5 Million expansion funding which featured numerous investors. In total, there were seven funding announcements including Dopay’s $13.5m and Terrapay’s $95m debt financing. Bio-Logical also obtained $1.3m […]
AU Startups·
Last week, debt financing dominated the funding rounds, accounting for 50% of all funding deals recorded. Meanwhile, despite the current funding climate, solar energy companies continue to raise significant amounts; this week, d.light raised $30 million in a debt securitization facility from TBD Group. Funding VitruvianMD Funding round: Seed Extension II ($1.25 million) Investors: 27four […]
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·
