- FSD Africa Investments (FSDAi) has invested $3 million in Carbon Value Exchange (Cavex), a digital market and payments platform set to revolutionise the voluntary carbon market by allowing small producers of carbon credits such as farmers and small businesses to sell direct to corporate buyers. The…
- West African super app Gozem has acquired Benin-based fintech company Moneex to expand its financial services capabilities across its various markets. Launched in Togo in November 2018 as a taxi-hailing service, Gozem operates in 13 cities across Togo, Benin, Gabon and Cameroon, with more than one…
- The Africa Online Safety Fund (AOSF) has announced the winners of this year’s grants, with between US$10,000 and US$50,000 given to 22 organisations from seven African countries. Earlier this year South African social impact advisory firm Impact Amplifier had secured a second round of funding from…
- Sehatech, a leading healthtech startup based in Egypt, announced that it has secured $850,000 in funding from A15 and Beltone Venture Capital, a subsidiary of Beltone Holding Company, to drive the company’s mission of leveraging proprietary technology to digitize and automate the relationship…
- ariika, a leading direct-to-consumer, digital-led home and décor brand, announces the successful conclusion of its Series A equity funding round, secured from Beltone Venture Capital, a subsidiary of Beltone Financial Holding, through acquiring a 20% stake in the company. This strategic investment…
- The University of Ibadan, often referred to as UI, holds a special place in Nigeria’s educational heritage. Established in 1948, it became the very first university in the country, marking a significant milestone in the nation’s journey toward academic excellence. The institution was founded as a…
- In a world driven by technology and innovation, the importance of fostering a love for Science, Technology, Engineering, and Mathematics (STEM) among the younger generation cannot be overstated. GetFundedAfrica, a company known for its dedication to supporting startups and entrepreneurs, recently…
- The Kigali-based Norrsken22 has closed its first African technology growth fund at US$205 million, surpassing its target of US$200 million. Founded by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, in 2016, Norrsken aims to help entrepreneurs solve the world’s greatest…
- South African recruitment startup JOBJACK has raised ZAR45 million (US$2.5 million) in pre-Series A funding to help it change the narrative of entry-level recruitment in the country. Founded in 2018 by Christiaan van den Berg and Heine Bellingan, JOBJACK is a web-based platform that is free to use…
- The Ivory Coast-based StarNews Mobile, Africa’s leading mobile video network, has secured US$3 million in funding from investors that include three French professional footballers. Launched in July 2017, StarNews Mobile targets the mass market with a network of over 50 mobile channels offering…
- Awfar.com, a leading provider of customer engagement and e-commerce solutions, is thrilled to announce its groundbreaking partnership with Value Maker Studio (VMS), an innovative venture studio dedicated to nurturing startup success. Awfar.com’s cutting-edge platform specialises in omnichannel…
- South African insurtech startup Inclusivity Solutions has raised a US$1.5 million Series A extension round to support its pan-African expansion plans. Launched in 2015, Inclusivity Solutions designs, builds and operates inclusive, embedded digital insurance solutions and delivers them through…
- MNT-Halan, Egypt’s first unicorn and fastest-growing fintech startup, has raised a US$130 million securitisation, one of five tranches of securitised bond issuances this year that have so far banked it over US$400 million. Founded in 2018, MNT-Halan was created to digitally bank the unbanked and…
- BURN Manufacturing (BURN), the clean cookstove manufacturer, distributor, and carbon-offset project developer, has announced the issuance of Sub- Saharan Africa’s first-ever green bond designated for clean cooking financing of USD $10 Million. The proceeds from the bond will allow BURN to…
- Nigeria-based commodities platform AFEX has raised US$26.5 million in funding from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor. The Abuja-based AFEX is a platform business that enables efficient trade for commodities in Africa.…
- ORA Technologies, a 100% Moroccan tech company, is proud to announce the successful closure of $1 million in pre-seed funding over the last 8 months, in a total of 3 rounds, all from private investors. This funding underscores the exceptional growth potential and strong support for ORA Maroc, a…
- Almouneer, the leading digital transformation platform revolutionising healthcare for patients and doctors across the Middle East and Africa (MEA), announces its seed round fundraise of US$3.6 million. The seed round was led by Dubai-based Global Ventures, with participation from other renowned…
- BluePeak Private Capital, an alternative asset manager firm supporting the growth of scalable businesses in Africa through privately-negotiated and structured debt-like instruments, has reached a final close of US$156 million for its inaugural private capital fund, BluePeak Private Capital Fund…
- Kenya’s Maisha Meds, a leading digital health organization in Africa, has received US$5.25 million in scale-up stage 3 funding from the United States Agency for International Development (USAID) Development Innovation Ventures (DIV). Maisha Meds is a software platform for ensuring that rural…
- Leading insurtech startup Amenli, successfully closed a new $1M equity funding round led by Alter Global, a leading international VC firm focused on emerging markets represented in the region by Heba Ahmad, with participation from Qatar Insurance Corporation’s (QIC) corporate VC arm Digital Venture…
- The “ANAVA” fund of funds run by “Smart Capital” expressed its commitment to invest €5 million in a new underlying fund called “Titan Seed Fund I.” It is dedicated to supporting deep tech startups (startups developing highly innovative techniques) in Tunisia. An agreement was signed during a press…
- Tunisia-based fintech startup My Easy Transfer has secured a $423,000 investment from 216 Capital. Launched in 2022 by Ismaïl Khenissi and Jabrane Khenissi, the company simplifies money transfers for the Tunisian diaspora, enabling easy and efficient remittances to families in the country. This…
- Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has raised ZAR1.25 billion (US$65 million) in the second close of its growth fund, which aims to fuel employment opportunities and foster economic growth across Africa. Sanari Capital invests between…
- Egyptian ed-tech startup OBM Education has announced a six-figure funding round to enhance its footprint in Saudi Arabia. Founded in 2020 by Omar El-Barbary and Ezz El-Din Farag, OBM helps pre-university students choose their college majors and provides them with access to career advice and…
- AAIC Investment has announced new backing for its Africa Healthcare Fund 2 (AHF2), taking the total size of its two funds to US$87 million. Established in 2013 and headquartered in Singapore, AAIC Investment is the fund management arm of AAIC Holdings. It began supporting the activities of…
- Cameroonian fintech startup Koree has won US$50,000 in cash after winning top prize at the annual Ecobank Fintech Challenge. Run each year by pan-African bank Ecobank Group, the Ecobank Fintech Challenge looks to support innovative startups with cash prizes and further developmental support. This…
- Sony Group has established a US$10 million innovation fund to invest in African entertainment startups. Since 2016, Sony has run a variety of funds, including the Sony Innovation Fund (2016), the Innovation Growth Fund (2019), and the Sony Innovation Fund: Environment (2020). Its latest initiative…
- Egyptian ed-tech startup Crafty Workshop has secured US$400,000 in a seed funding round led by EdVentures, which it will use help expand its product offering and expand regionally. Founded in 2019 by Hadeer Shalaby and Amgad Moustafa, Crafty Workshop is an online learning platform that provides a…
- Nigerian company WATT Renewable Corporation (WATT), an independently owned provider of hybrid solar solutions, has secured US$13 million in funding to catalyse its efforts in advancing renewable energy solutions and fortify its position as a leading provider of clean energy in Nigeria. WATT …
- Alterra Capital Partners, a firm spun out of Carlyle Group Inc., has announced substantial backing from prominent figures, including Carlyle’s co-founders David Rubenstein and Bill Conway as well as Nigerian billionaire Aliko Dangote, for their Africa-focused fund. Partner Genevieve Sangudi…
- Egyptian fintech startup MoneyHash has raised funding from GitHub founder Tom Preston-Werner as part of a soon-to-be-announced seed round. Founded in late 2020 by Nader Abdelrazik, Mustafa Eid and Anisha Sekar, MoneyHash provides a unified checkout experience built on top of a secure super-API that…
- Intella, a Mena-based deeptech company, has successfully closed a $3.4 million pre-Series A funding round. The round was led by HALA Ventures and Wa’ed Ventures, the Kingdom-focused venture capital fund wholly owned by Aramco, with participation from Sanabil 500 and INSEAD’s alumni angel network,…
- Senegalese FMCG intelligence startup Lengo AI has raised a seven-figure pre-seed round of funding to help it develop its product and team, and expand into new African markets. Founded in 2022 by Max Smith, Roger Xavier Macia and Ismaila Seck, Lengo AI is the first data-driven operating system for…
- Twitter co-founder Jack Dorsey and rapper Jay-Z hooked up in 2021 to create an endowment fund, Btrust. According to Afrotech, the fund was created to invest in the development of Bitcoin in Africa and India. Three of the four board members hail from Nigeria, reflecting the fund’s intended direction…
- In a groundbreaking move, Wema Bank Plc. has joined forces with the Federal Government of Nigeria (FGN) through the Office of the Vice President to embark on a mission that could revolutionize the Nigerian workforce. The ambitious project aims to train 2 million youths and 1 million micro, small,…
- In a remarkable step towards empowering young minds in Nigeria, GetFundedAfrica is set to host two groundbreaking STEM (Science, Technology, Engineering, and Mathematics) programs in conjunction with the University of Connecticut and the National Society of Black Engineers (NSBE) Professionals. The…
- Kotani Pay, a Kenyan-based fintech startup, has raised a $2 million pre-seed funding round to expand into Rwanda, Senegal, Ivory Coast, Tanzania, and Nigeria. P1 Ventures led the round, with participation from DCG/Luno and Flori Ventures. Founded in 2020 by Brian Kimotho, Daniel Kimotho, Felix…
- Nestcoin’s $1.9 million in strategic funding comes after its $6.45 million pre-seed funding in February 2022. The funding, which was one of the largest pre-seed rounds on the continent, was unfortunately lost to the FTX crash of November 2022. Yele Bademosi, Co-founder and CEO of Nestcoin said in a…
- Nigeria’s Anchor, a pan-African Banking-as-a-Service (BaaS) provider, has raised a US$2.4 million seed funding round to launch new products, invest in its licensing and compliance infrastructure, and evaluate expansion markets. Launched in August 2022, Anchor simplifies the process of building…
- The Nigerian tech ecosystem is abuzz with excitement as the 5th Edition of the ISN Annual Gathering approaches. With the theme “Unlocking Potential: Collaborating for Growth and Impact,” this year’s event promises to be a pivotal moment in the journey of Nigeria’s Information and Communication…
- South African insurtech startup LeaseSurance has raised ZAR3 million (US$161,0000 in seed funding to expand its team and further develop cutting-edge technology solutions for the real estate industry. LeaseSurance uses financial technology to optimise assets in rental real estate by replacing…
- Unilever-controlled Marga is set to make a major corporate changeover after the Competition Commission of South Africa gives them the green light to acquire popular skincare company Dermalogica, helping Unilever South Africa to further extend their business reach. Dermalogica SA, the primary target…
- Black Ostrich Ventures, a Los Angeles-based venture capital firm, has launched a $20 million pre-seed and seed stage fund to support African founders to grow their businesses in the cleantech, supply chain, ag-tech, and edtech sectors. The newly created firm will support startups with check sizes…
- Flat6Labs, the region’s leading seed and early-stage venture capital firm, has launched the “Makers” ConTech Accelerator Program in partnership with SIAC and Dar Al-Handasah (Shair and Partners). The program is the first-ever construction-focused accelerator program in the Middle East that aims to…
- Antler announces the expansion of its presence to MENAP with Dr Jonathan Doerr and Romain Assunção as Partners. The firm aims to strengthen the region’s entrepreneurial ecosystem by backing exceptional founders at the earliest stage with co-founder matching, personalised coaching, access to a local…
- Cairo-based fintech startup (HEDG) has secured a six-figure pre-Seed funding round from local and Saudi investors. Founded by tech visionaries Ahmed Abdel Moaty and Ahmed Eraqi in July 2022, HEDG is set to revolutionise retirement planning for private workers in Egypt. Backed by this substantial…
- Mastercard has announced a strategic partnership with Ingiz, a family financial management start-up in Egypt supported by Masria Digital Payments, to launch a cutting-edge digital payments application designed to drive financial literacy and inclusion among Egypt’s youth. This largely untapped and…
- The federal government of Nigeria has secured access to approximately $500m in funding to initiate a local funding programme to boost innovation and entrepreneurship within the country’s digital sector. Bosun Tijani, Minister of Communications and Digital Economy, made this announcement at a dinner…
- At the Pitch2Win 2023 competition in July, Pharmarun, a Nigerian healthtech startup, competed against 14 startups from different industries, including fintech, eCommerce, AI, and blockchain, and emerged winner, going home with $10,000 in equity-free funding. Pitch2Win is an accelerator investment…
- Cash Plus, a leading player in the field of financial services in Morocco, has just announced its investment in the startup SLE3TI through its investment structure Cash Plus VC, dedicated to supporting startups, learns- we. SLE3TI, a company working in the distribution of everyday consumer products…
