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 […]
By AU Startups

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 round: $20 Million
Investors: Finnfund, DFC, SEDF, UBS Optimus Foundation, and Grand Challenges Canada.
Founded: 2013, Kenya
Founders: Bernard Olayo
Products: Hewatele produces and delivers medical oxygen to patients across Kenya and East Africa
What Next?: Hewatele intends to use the funds to finance the development of a new liquid oxygen(LOX) manufacturing facility in Nairobi while doubling its existing capacity at hospital-based sites to produce and improve the distribution of medical oxygen.

Funding round: Undisclosed
Investors: Renew Capital.
Founded: 2013, Ghana
Founders: Tarek Mouganie
Products: Affinity Ghana operates a full-scale digital bank offering a full suite of banking services, including current, savings and investment accounts, funds transfers, payments, and credit facilities in Africa.
What Next?: Fuelled by the funding, Affinity Ghana, is set to expand its fully integrated financial service platforms to better serve customers and expand its reach to new locations.

Funding round: Undisclosed
Investors: DFC
Founded: 2020, Uganda
Founders: David Lukwago
Products: Leveraging digital technology, the company operates a sophisticated warehousing system through which they provide access to authentic agro-inputs, agro-advisory services, Agri-finance, and post-harvest handling services.
What Next?: The funding will be invested into the company’s expansive growth and reinforce the company’s unwavering commitment to supporting farmers and driving agricultural innovation in Uganda.

Funding round: $27 Million
Investors: Reed Hastings, Eric Schmidt, Savant Group, InfraCo Africa Ltd. and Acumen Fund Inc
Founded: 2012, Kenya
Founders: Samir Ibrahim
Products: SunCulture designs IoT-enabled solar energy systems and irrigation equipment to provide its customers with easy access to water and irrigation.
What Next?: The funding provides the necessary backing for SunCulture to deepen its footprint within Kenya, providing improved solutions for Agri-producers in the country.