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Reporting filed under Funding.
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Funding
Funding to bolster African Health-Tech System 11th October, 2024 Pan-African investment, AfricInvest, has announced that it has successfully closed its Transform Health Fund (THF), surpassing its initial $100 million benchmark in the process. The funding, with a final figure pegged at $111 million, was managed in partnership with the Health Finance Coalition (HFC). The Health
Funding
Climate Tech to contribute to combating climate change
Funding
South African shipping company for eCommerce exporters, TUNL, has completed a seed round to boost marketing support for small and medium sized enterprises (SMEs). This funding comes ten months after the startup announced its $1 million pre-seed funding to accelerate its expansion within its primary market, South Africa. At the same time, it aims to
Funding
Malawi is reportedly one of the least electrified countries in the world, with 11% of the population connected to electricity, 42% in cities and only 4% in villages.
Funding
Funding to provide early stage capital to at least 50 startups
Funding
Talk360, the South African-based international calling app, has secured $1.4 million in a pre-Series A funding round led by long-standing investor HAVAÍC. This latest injection brings the company’s valuation to around $30 million and fuels its mission to connect seven million people by 2025. Founded in 2016 by South African entrepreneur Dean Hiine and Dutch
Funding
Egyptian fintech startup Paymob has announced a $22 million extension to its Series B funding round, bringing the total raised to $72 million. The extension was led by EBRD Venture Capital, with participation from existing investors including PayPal Ventures, British International Investment (BII), FMO, A15, Nclude, Helios Digital Ventures, and Endeavor Catalyst. Founded in 2015
Funding
Rubyx CEO says Proparco’s backing will help speed up implementation of digital lending solutions
Funding
Chpter’s Acceptance into Norssken and Safaricom Park Accelerator Programs May Have Strengthened Closing Pre-seed Deal
Funding
Kredete, a Nigerian financial software platform has raised US$2.25 million in seed funding to help it further scale across the continent. Having already built a presence in up to 20 African countries, Kredete is focused on enabling African Immigrants to builf credit scores and send money back home. Kredete was founded in 2023 with the
Energy & mobility · Rwanda
AHL Venture Partners and Everstrong Capital back the electric-mobility company’s expansion in East Africa.
Funding
Payments and liquidity platform aims to solve trade deficits resulting from increasing demand for the dollar
Funding
Wattnow, a Tunisian startup specializing in AI-powered energy management solutions, has secured an undisclosed investment from Lateral Frontiers Venture Capital. The funding comes from Lateral Frontiers’ recently closed $28 million Fund II, aimed at supporting high-growth ventures across Africa and beyond. Founded in 2018 by CEO Issam Smaali, Wattnow has developed a smart energy management
Funding
The Venture firm insists it remains committed to “invest, grow and scale” African tech startups
Funding
Connect Money Secures Funding For Northern African Expansion
Funding
Moroccan Agri-Tech Company Receives $7 Million Pre-series A For Transparent and Sustainable Food Supply YoLa Fresh, an innovative Moroccan agri-tech startup has taken giant strides towards accelerating its expansion in its home base. It has successfully raised up to $7 million in a pre-Series A funding round to fuel its expansion. This $7 million pre-Series
Funding
In a strategic partnership with ALX Africa, the Patoranking Foundation has launched its $500,000 (approx. NGN700 million) tech scholarship initiative which aims to provide 40 young tech-passionate Africans with access to a variety of technology programs in data analytics, cloud computing, and Salesforce administration. The foundation has invested over $1 million (approx. NGN1.4 billion) in