AU-Startups

Last week’s funding activities in the African startup ecosystem spotlighted several startups and VCs: Billboxx raised $1.6M in pre-seed funding, supported by Norrsken Accelerator, Kaleo Ventures, and Afrinovation Ventures, to scale its B2B SaaS platform in Nigeria. Eyone Medical, a digital health innovator from Senegal, secured $1M from Sonatel Group and BICIS to expand its interconnected healthcare solutions across Africa. SAYeTECH, a Ghanaian agri-tech startup, clinched the $50K MEST Africa Challenge prize to boost its production of agricultural machinery tailored for smallholder farmers. On the investment front: Seedstars Africa Ventures announced a $42M first close, aiming to back solutions in climate resilience, energy, and financial inclusion. REPP 2 Fund by Camco achieved an impressive $107M first close to drive Sub-Saharan Africa’s energy transition. Cauris Finance secured $40M to extend debt finance for businesses in mobility, trade, and financial services. This issue features founders like Justus Obaoye, Abdulazeez Ogunjobi, Henri Ousmane Gueye, and Theodore Ohene-Botchway, alongside investors like Norrsken, Sonatel Group, and the Green Climate Fund. Explore more insights, funding news, and opportunities for African startups in our full write-up. #AfricanStartups #StartupFunding #TechInnovation #AfricaTech #Sustainability

Last week was buzzing with funding activity across the African startup ecosystem, with several companies securing investments to scale their innovations. Hydrobox raised a notable $9M to expand its hydropower mini-grid solutions in Kenya, while LAfricaMobile secured $2.2M in a Series A extension to grow its AI-powered communication platform. Meanwhile, startups like Tunzaa, HUB2, and Konnect also made strides with funding aimed at scaling operations and driving impact. This update highlights founders such as Ng’winula Kingamkono, Thoma Poelmans, and Malick Diouf, alongside prominent investors including FMO, Bpifrance, and TLcom Capital, who contributed to these growth stories. Learn more about these startups, their innovative solutions, and the investors backing them. Read the full breakdown in the newsletter issue. #AfricanStartups #FundingNews #Innovation #Growth

The African startup ecosystem experienced a mix of highs and lows in 2024. While global economic upheavals driven by inflation, and market volatility, and impacted investments, there were also moments of significant progress, including the emergence of a new unicorn and other key achievements. Key Highlights: Venture Capital Dominates: VC funding remained the lifeblood of African startups, solidifying its place as the preferred funding source. Corporate and Loan Financing Gain Traction: Beyond VCs, corporate venture capital arms and loan finance organizations played increasingly active roles in funding rounds. The Big Four Hold Strong: Nigeria, Kenya, Egypt, and South Africa continued to dominate as Africa's top destinations for startup investments. Challenges Persist: Investor confidence faced hurdles from economic uncertainty, regulatory barriers, and infrastructure limitations. Looking Ahead As we approach 2025, the focus is on scalable solutions, impactful investments, and collaborative growth, with hopes for an even more vibrant and resilient ecosystem. Dive deeper into the trends and insights that will shape African tech's future. https://lnkd.in/dxp9MDic #AfricanTech #StartupInvesting #Innovation #VentureCapital #2025Trends

Over the past decade, the African tech startup ecosystem has seen remarkable growth, fueled by substantial contributions from venture capitalists, angel investors, and corporate ventures. While startups continue to develop groundbreaking solutions that position Africa as a hub of innovation, many of these advancements might have stalled without the financial backing of investors who were able to recognize the potentials in these solutions. In our latest article, we explore the various categories of investors and the pivotal roles they play in driving the growth of tech startups across Africa. https://lnkd.in/dQ4jPWZf #AfricanStartups #TechInnovation #VentureCapital #AngelInvesting #CorporateVentures #AfricaTech #StartupGrowth

The last two weeks have seen a flurry of activities in the African startup funding scenes. Most notably, Zepz, formally known as WorldRemit secured a whopping $267 million in a series F funding round.  Several other companies including Winich Inc, TUNL, AMAKA Studio, Waribei, scale, littlefish, WiASSUR, and Dexude also raised funding from numerous investors. In this issue, several founders were highlighted including Ladislas Pham, Fabrice-Mozart AMANI, Ismali Ahmed, Matthew Davey, Craig Lowman, @Richies Attai, Chichebem Jibunoh, Adaora Oramah, Brandon Roberts, Miranda Perumal, Barbara Woollams, Teva Fontaine, Charles Uche Emembolu and Kelvin Chikezie E4E Africa, Jozi Angels, Utopia Capital Management, 54Collective, and Digital Africa Ventures, Acumen Resilient Agriculture Fund, Climate Resilient Africa Fund, Marula Square, Plug and Play, Tekedia Capital, Sahel Capital, Equitane, Morgan Stanley Inclusive Ventures Lab, Silverbacks Holdings, TLcom Capital, 54Collective, First Circle Capital, Sunny Side Venture Partners,  AXIAN Investment, Business Finland Tempo, Numerous opportunities for African startups are also featured in this issue. #startups #africa #funding #fintech #mobility #ecommerce, #healthtech, #techinafrica

For the second week in a row, there were more than five funding activities in the African ecosystem. Two off-grid solar system distributors, Yellow, and RDG Collective secured financing from Acumen’s Hardest-to-Reach initiative. EV manufacturer,  Zeno,  also secured a $9.4 million seed fund, and Userguest raised $2.4 million. In West Africa, Ghanaian startup Kofa raised $5 million, while Nigerian Edtech, Tespire, secured an undisclosed pre-seed fund. This issue features several startup founders including Erik Nygard, Hicham Benyebdri, Assil Bernossi, Ahmed Chami, Michael Spencer, Abdulkadir Suleiman Lapai, Umar Madugu, Rune Gunner Dige, Mike Heyink and Maya Stewart It also highlights the investors who participated in the funding rounds, some of which include, CDG Invest, Saviu Ventures, UM6P Ventures, Kalys VC, Plug & Play, Philippe Limes, Thane Kuhlman. PASH Global, Shell and TEA, Acumen’s USD 250 M Hardest-to-Reach (H2R) initiative, Lowercarbon Capital, Toyota Ventures, 4DX Ventures, Active Impact, Advantedge, MCJ, and RedBlue Numerous opportunities for African startups are also featured in this issue. #startups #africa #funding #fintech #mobility #ecommerce, #healthtech, #techinafrica 

For the second week in a row, there were more than five funding activities in the African ecosystem. Two off-grid solar system distributors, Yellow, and RDG Collective secured financing from Acumen’s Hardest-to-Reach initiative. EV manufacturer,  Zeno,  also secured a $9.4 million seed fund, and Userguest raised $2.4 million. In West Africa, Ghanaian startup Kofa raised $5 million, while Nigerian Edtech, Tespire LLC, secured an undisclosed pre-seed fund. This issue features several startup founders including Erik Nygard, Hicham Benyebdri, Assil Bernossi, Ahmed Chami, Michael Spencer, Abdulkadir Suleiman Lapai, Umar Madugu, Rune Gunner Dige, Michael Heyink and Maya Stewart It also highlights the investors who participated in the funding rounds, some of which include, CDG Invest, Saviu Ventures, UM6P Ventures, Kalys VC, Plug & Play, Philippe Limes, Thane Kuhlman. PASH Global, Shell and TEA, Acumen’s USD 250 M Hardest-to-Reach (H2R) initiative, Lowercarbon Capital, Toyota Ventures, 4DX Ventures, Active Impact, Advantedge, MCJ, and RedBlue Numerous opportunities for African startups are also featured in this issue. #startups #africa #funding #fintech #mobility #ecommerce, #healthtech, #techinafrica 

In the latest issue of our newsletter, we highlight key funding rounds from innovative companies across the continent. LabLabee leads the way with a $3.4M seed round, while Settle secures $2M in pre-seed funding! Other notable raises include Happy Pay at $1.8M and Regfyl at $1.1M. This issue features several startup founders including Jihane Belkacemi, Amine Khayatei Houssaini, Karim Kaoukabi, Kamil Sayour, @Mostafa Mobarak, Samir T., Mahfoud Sidi Ali Mebarek, Dr Tunde I., Dr. Tomiwa Erinosho, Christabel Ojuok, MSc. REA, @David Kimani, Wesley Billett, Mark Geary, Patrick Postrehovsky, and Mahmoud Hussein It also highlights the investors who participated in the funding rounds, some of which include Azur Innovation Management (AIM), Shorooq Partners, El Sewedy Capital Holding, Acasia Ventures, Plus VC, Reach Capital, Classera, Brighteye Ventures, e& Capital, Techstars, RallyCap Ventures, DCG Expeditions, Africa Fintech Collective, Musha Ventures, Baobab Network, E4E Africa, 4Di Capital, DotExe Ventures, Launch Africa Ventures, Equitable Ventures, Felix Strategic Investment, Amal bint Abdulaziz Al-Ajlan, and Gaingels.  Numerous opportunities for African startups are also featured in this issue. #startups #africa #funding #fintech #mobility #ecommerce, #healthtech, #techinafrica

This week’s African startup ecosystem news features funding announcements from three startup companies. Egyptian payment solutions provider, Paymob, raised $22 million in its Series B extension round. South African communications solutions provider, Talk360, secured $1.4 million in pre-series A funding. Elsewhere, Nigerian pharmaceutical supply chain company, Field Intelligence Inc., secures an  $11 million grant from the Bill and Melinda Gates Foundation. This issue features several startup founders including Michael Moreland, Hans Osnabrugge, Dean Hiine, Islam Shawky, Alain El Hajj and @Mostafa El Menessy, It also highlights the investors who participated in the funding rounds, some of which include Bill & Melinda Gates Foundation, HAVAIC, 4Di Capital, E4EAfrica, Kalon Venture Partners, Brooklyn Ventures, Allan Gray, EBRD Venture Capital. Endeavor Catalyst, PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures. Numerous opportunities for African startups are also featured in this issue. #startups #africa #funding #fintech #mobility #ecommerce, #healthtech, #techinafrica

This week, four companies received funding in equity and loans. Two of the companies, Egyptian mobile food services, Brotinni, and Rwandan Lending-as-a-Service Provider, Kasha Global, Inc. had undisclosed equity funding rounds. Elsewhere, Rubyx from Senegal secured a loan from Proparco to expand its services across Africa while Fido raised an equity funding of $20m to go with a $10m loan. The founders of the startups featured include Tomer Edry, Nir Zepkowitz, Nadav Topolski,  Denis Moniotte, Thomas Carrié, Joanna Bichsel, Christoph Bichsel, and Dalia abou Omar The investors and lenders who participated in the funding rounds include BlueOrchard Finance Ltd and FMO - Dutch entrepreneurial development bank, Stanbic Bank Ghana, Growth Investment Partners (GIP), Proparco,  Sanofi Global Health, Entlaq. Numerous opportunities for African startups are also featured in this issue. #startups #africa #funding #fintech #mobility #ecommerce, #healthtech, #techinafrica