- ANKA, an e-commerce platform based in Ivory Coast, has raised US$5 million in extension funding to bolster Africa’s creative industries and its expanding online retail sector by helping thousands of small businesses, and women-led artisanal businesses expand. Last year, the startup raised a pre-…
- Complete Farmer, a comprehensive digital agricultural marketplace based in Ghana has just closed a US$10.4 million pre-Series A funding round to fuel its growth. The platform links African farmers and global companies to competitive marketplaces, resources, data, and each other. The US$10.4 million…
- Beltone Venture Capital, a subsidiary of Beltone Financial Holding, has invested in ariika, an Egyptian direct-to-consumer, digitally-led home and décor business, through a Series A equity fundraising round and acquired a 20% share in the company. Ariika is an online retailer, distributor, and…
- The Colombian company Bia, dedicated to virtual energy marketing, received a capital investment of $16.5 million. Sebastián Ruales, CEO and co-founder of Bia, explained that this capital injection allowed them to reach a break-even point a year after entering the market. The USD $ 16.5 million…
- Luxembourg-based e-commerce platform MarketLeap has raised an additional €1.5 million in Seed funding, taking its total funding to €2.6 million. The latest round includes Notion Capital, Kima Ventures and Motier Ventures, existing investor Expon Capital, and others. The additional capital will…
- Norway-based ECOsubsea, a hull cleaning specialist, announced that it has secured $12M in a Series B round of funding led by the Blue Ocean fund managed by French sustainable investor SWEN Capital Partners. The company says it will use the funds to advance its eco-friendly hull cleaning services in…
- London-based Kennek, a fintech that specializes in developing an operating system for lenders, announced that it has secured $ 12.5M in a seed round of funding led by HV Capital. Dutch Founders Fund, ff Venture Capital, and Plug & Play Ventures also joined the round after participating in the…
- London-based AI-powered visual moderation company Unitary announced that it has secured $15M in Series A round of funding. Led by Creandum, the round also attracted participation from Plural and Paladin Capital Group. The startup, co-founded by Haco and James Thewlis, has developed AI technology…
- Paris-based Granular Energy, an energy startup, announced that it has raised €7.5M in a funding round led by Norrsken VC. Apart from Norrsken VC, the round also saw participation from All Iron Ventures, Box Group, Valo Ventures, and existing investors Seedcamp, Revent, and Powerhouse Ventures. The…
- Colombian startup Maqui, a platform focused on helping fashion companies track garment production, raised 1.5M in a pre-seed round. The capital injection was led by Marathon Ventures, with the support of other investors such as Nido Ventures, Integra Group, Kuiper, and Noa Capital, as well as…
- Agro fintech Nagro raised $49M in equity and debt to provide credit solutions for rural producers. Kinea Ventures and Revolution, a fund of Oasis Ventures participated in the round. With this funding, Nagro will invest in its two main verticals: credit analysis and risk monitoring, with its…
- Dublin-based Micron Agritech, an agritech startup that is using rapid AI-powered testing to reduce the overuse of anti-parasite treatment in animals, has raised €2.7 million in a new funding round. With the primary focus of eliminating unnecessary worming treatments in animals, which leads to…
- Metal recycling software firm Metaloop is making a dent in the scrap metal recycling industry with its all-encompassing software solution, from matchmaking, logistics, and recycling to financing and trade discovery. The Austrian scrap metal marketplace, founded by Alexander Schlick and Jan…
- Berlin-based Tilta, a fintech company, announced that it has procured a €30M debt facility from Fasanara Capital. The company aims to use the debt facility to address the working capital gap in B2B transactions. With the debt facility, the fintech company says it is now capable of financing…
- Cambridge-based Broken String Biosciences, a genomics company focused on creating safer cell and gene therapies, announced that it has raised $15M in a Series A round of funding. The investment was co-led by Illumina Ventures and Mérieux Equity Partners, with contributions from HERAN Partners and…
- Stockholm-based VEQ, a venture capital firm, announced that it has led a 25M SEK (€2M) funding round in Sweden-based digital real estate broker and marketplace Norban. Norban has been transforming the real estate industry in the country, which has been slow to adopt digitalization. The company…
- The Netherlands-based Recrubo, a platform for recruitment professionals, announced that it has secured €600K in a Seed round of funding to commercially upscale its AI-based recruitment platform. The company specializes in optimizing the hiring process for blue-collar and service-oriented businesses…
- Technology has the potential to play a transformative role in improving healthcare and education in Africa. While Africa faces unique challenges in both these sectors, technology can offer innovative solutions to address them. Here’s a closer look at how technology can enhance healthcare and…
- Apple launched the iPhone 15 and iPhone 15 Plus, which include a new curved edge on the aluminum enclosure and an industry-first color-infused back glass with a beautiful, textured matte finish. Both devices have the Dynamic Island and cutting-edge camera technology that enable users to capture…
- Lupiya, a neobank based in Zambia, has raised US$8.25 million in Series A funding to expand into existing and potential new markets. Alitheia IDF Fund led the Series A funding round, which included major contributions from INOKS Capital SA and the German Investment Bank KfW DEG. Lupiya, a Zambian…
- Emata, the agricultural finance solution for East African farmers, has completed a $2.4 million seed fundraise, comprising $800,000 in equity and $1.6 million in on-lending capital. African Renaissance Partners, Norrsken Accelerator, Zephyr Acorn, angel investor Marcus Boström, and the…
- Mecho Autotech, a Nigerian company that offers high-quality auto components as well as car maintenance and repair services, has closed a US$2.4 million pre-Series A funding round in order to launch a B2B distribution platform for aftermarket parts. Global Brain Corporation, Ventures Platform, and…
- Following a competitive round of semi-finale business pitches and judging held on September 1 and 2 at Norrsken House in Kigali, Rwanda, the Jack Ma Foundation and Alibaba Philanthropy-sponsored Africa’s Business Heroes (ABH) Prize Competition, now in its fifth year, has announced this year’s top…
- Sehatech, an Egyptian health insurance startup, has secured a $850,000 funding round. The startup has received US$850k in funding from A15 and Beltone Venture Capital, a division of Beltone Holding Company, in order to advance its goal of using proprietary technology to digitize and automate the…
- Nestcoin, a Nigerian cryptocurrency startup, has raised a $1.9 million funding round. A global group of investors, including Adaverse, Base Ecosystem Fund, Alter Global, CMT Digital, Magic Fund, 4DX Ventures, and participating angels, joined Hashed Emergent in leading the investment round. Nestcoin…
- Cleafy, a Milanese technology company specializing in proactive fraud prevention for digital banking, has secured €10 million in funding. Cleafy has designed an innovative solution to proactively prevent online banking fraud, and ensure a safe and seamless user experience for online customers. The…
- Estonia-based EV charging startup VOOL announced that it has raised an additional €1.3M, bringing its total seed funding to €7.62M to date. VOOL says the investment will be used to scale up EV charger production in its local factory to meet growing demand. It will also fund the expansion of the…
- Nijmegen-based Thirona, a company that specializes in advanced analysis of thoracic CT images with artificial intelligence (AI), announced that it has secured €7.5M in a fresh round of funding. This funding includes a €5M investment from HERAN Partners and Dutch-based Borski Fund, along with a €2.…
- Microplate Dx, a diagnostics spinout company from the University of Strathclyde in Glasgow, UK, announced that it has secured £2.5M in a seed round of funding. The company is working on a point-of-care diagnostic platform that can quickly confirm the presence of bacteria and assist doctors in…
- France-based Caeli Energie, a deeptech startup that aims to replace polluting air conditioning with low-carbon technology made in France, announced that it has raised €10M in its second round of funding. The investors in the round include Asterion Ventures, Starquest, Bpifrance, and Rise PropTech.…
- The Spanish startup Correcto has closed a €6.5 million funding round led by Octopus Ventures, Carya Venture Partner, and River Park Venture. As announced in a press release, this investment aims to propel the company to the “next level” of product development, international expansion, and team…
- iRancho, a Brazilian agtech that offers efficient technology solutions for livestock management, secured a $1.4M investment from Banco do Brasil through the CVC BB Ventures, managed by MSW Capital. The company will use the funds to modernize Brazil’s livestock industry and promote sustainable…
- The investing arm of FSD Africa, FSD Africa Investments (FSDAi), has announced additional investments totaling $19.5 million to support infrastructure projects in Africa that are climate-aligned and climate-adaptive as well as to increase the resilience of the continent to climate change. The…
- Catalyst Fund, a pre-seed venture capital fund and accelerator focused on fostering climate resilience innovation in Africa, has announced the successful first close of its targeted US$40 million fund, with over 20% committed. Investors who support Catalyst Fund’s mission to expand the reach and…
- Itana, formerly known as Talent City, a Nigerian startup, has acquired US$2 million in a pre-seed funding round to assist its efforts to create Africa’s first Digital Free Zone, which aims to improve the country’s ease-of-doing-busines index, encourage foreign direct investment, and create jobs.…
- Kotani Pay, a crypto payments startup based in Nairobi, has just closed a $2 million pre-seed funding round. DCG/Luno, Flori Ventures, and P1 Ventures were among the investors who took part in the investment round, which was led by P1 Ventures. Kotani Pay is a cryptocurrency payments firm that was…
- Anchor, a pan-African provider of banking as a service (BaaS), based in Nigeria, has raised US$2.4 million in a seed funding round to launch new products, improve its infrastructure for licensing and compliance, and assess potential growth markets. The platform was launched in August 2022, It …
- FlexPay, an innovative Kenyan fintech has received funding from Renew Capital Angels. Customers can use FlexPay’s “save now, buy later” platform to build up personal savings objectives and buy things over time, interest-free. They work with merchants to offer flexible payment choices for high-value…
- Moove, a mobility fintech startup based in Nigeria and Uber’s largest vehicle supply partner in EMEA, just announced an additional US$76 million in funding to support the company’s global expansion. The investment round comprises US$38 million in previously undiscovered funding raised over the…
- Based in Minas Gerais, the foodtech startup Nuu has successfully raised $4 million in a funding round to scale the distribution of their carbon-neutral food products made from cassava, a staple root vegetable in Brazil and South America. EcoEnterprise Fund led the round and featured contributions…
- Helsinki-based Measurlabs, a company that provides laboratory analysis and testing services to help researchers, quality assurance, and R&D professionals, announced that it has raised €2.5M in a seed round of funding. The round was led by VentureFriends and joined by existing investors Lifeline…
- Ireland-based Solar-as-a-Service provider UrbanVolt announced that it has raised €26M from Verdane, a European growth investor. The company says that the partnership will drive its expansion in Ireland and the UK, as well as push into new European markets. UrbanVolt has raised over €200 million in…
- The first of its kind for Uber in Africa, the debut of Electric Boda in Kenya marks an important step forward in the development of environmentally friendly transportation across the continent. With the introduction of electric motorcycles, the country’s transition to a greener economy now has a…
- MEST Africa has announced the launch of the fifth edition of the MEST Africa Challenge, with the winner receiving $50,000 in equity capital, international recognition, and membership in MEST Africa’s lifelong supportive community. The MEST Africa Challenge (MAC) is a Pan-African pitch competition…
- IFC, a unit of the World Bank, has started accepting applications for its She Wins Africa program, which intends to provide networking opportunities, training, mentoring, and guidance to help up to 5,000 women-led enterprises flourish. She Wins Africa is accessible to female-led startups and…
- Google for Startups Accelerator: AI First, a program that supports African startups intending to apply artificial intelligence to address regional issues, is now accepting applications. The most recent Google for Startups program in Africa acknowledges the revolutionary role AI is playing on a…
- LemFi, a global fintech platform revolutionizing the financial services for immigrants, has raised a $33 million Series A funding round led by Left Lane Capital. Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree were among the other investors. In 2020, founders Ridwan Olalere and Rian…
- Lincolnshire, UK-based FruitCast, a startup that offers yield forecasting services for soft-fruit growers, announced that it has secured £2.8M in a fresh round of funding. In 2022, Ceres Agritech provided £520K in initial funding to FruitCast to create the tool and assemble a team of research…
- Gothenburg-based Adsorbi, a startup that is developing bio-based materials for air pollutant and odour removal, announced that it has secured €360K in a seed round of funding from Metsä Spring, Chalmers Ventures, and Jovitech Invest. The company says the funding will be used to further research…
- Oslo-based Gire Mobility, a B2B marketplace for flexible on-demand car transportation, announced that it has secured NOK 20M (approximately €1.7M) in a new funding round led by Schibsted Ventures with Møller Mobility Group and Semler Mobility. Out of the total, Schibsted Ventures invested NOK 10M,…
