Funding
Tyme Group Secures $250 million Series D Funding, Becomes Africa’s Ninth Unicorn
With this valuation, Tyme has taken the critical step to finally becoming a unicorn and Africa’s ninth one.
Topic
Funding
Reporting on Funding.
Showing 61–80 of 93 articles
Funding
Sanari Capital Raises $80M Africa-Focused Fund, Targets Technology-Driven Growth
Sanari Capital focuses on mid-market investments, majorly serving founder-run, owner-managed, and family-owned businesses.
Funding
Morroco’s Z.Systems Secures $1 Million To Back Traditional Retailers
At present, z.systems is a rapidly scaling startup dedicated to enhancing the competitiveness of Morocco’s small, independent retailers — locally known as “hanouts.”
Funding
South Africa’s The Good People Data Company Closes Undisclosed Amount In Funding Round
TGPDC is a South African startup that offers digital workflow automation, verification processes, and compliance solutions.
Funding
Sonatel Spearheads $1 Million Funding Round To Help Eyone Digitize Real-Time Medical Record Access
Under Gueye’s leadership, Eyone has gained recognition for its contributions to healthcare innovation. In 2017, the company won the second prize in the national phase of the Orange MENA Social Entrepreneur Prize.
Funding
Seedstars Africa Lands $42 Million In Seed Funding, Sets Focus On Series A Startups
The fund has already deployed $10 million to five startups operating across eight African countries, collectively serving over 60 million people.
Funding
Cauris Finance Secures $40 Million To Power Africa’s Fintech
Cauris’s reputation in the African fintech ecosystem has grown alongside its involvement in transformative ventures.
Funding
Bpifrance Supports LAfricaMobile With a $7 Million Series A Investment
LAfricaMobile plans to direct the funds towards strengthening its presence in Central Africa and enhancing its product offerings through advanced AI integration.
Funding
Nowlun Secures $1.7 Million To Expand Logistics Operations
This milestone marks an important step not only for Nowlun but also for the broader MENA logistics sector, as the region increasingly embraces innovation to address long-standing inefficiencies.
Funding
Leapfrog Closes Fund IV at $1.15 Billion, Aims To Boost Healthcare, Finance and Climate Solutions In Africa
The $1.15 billion was divided into $808 million in primary commitments and $210 million co-investments. The enormity of these sums reflect strong backing from institutional investors like Temasek, Prudential Financial and the European Investment Bank.
Funding
Kenyan Energy Startup Hydrobox Secures $9 Million In Debt Funding From FMO, EDFI MC
This investment will be geared towards supporting eight small hydro projects across four mini-grids in Kenya. This investment might be the beginning of reliable, affordable electricity for over 10,000 individuals and businesses.
Funding
Egypt Closes In On Fund of Funds Initiative To Support Local VCs
In an interview with Al Sharq Bloomberg Channel, Al-Abd highlighted the aim of the program’s expansion which was to reinforce Egypt’s growing startup ecosystem while extending its reach to growing African and Arab markets.
Funding
Solarbox Secures $1M In Pre-seed Funding, Makes Push For Solar-Powered e-mobility Solutions
The initiative will be an effort to tap into Senegal’s significant solar energy potential, which stands among the highest globally
Funding
Ariika Lands $3M In Funding To Accelerate Growth In The Middle East
ariika has successfully opened its flagship store in Baghdad, Iraq, a move that capitalized on the market’s booming economy.
Funding
Lingawa Raises $1.1 Million In Funding, Aims To Revolutionize African Language Education
Lingawa would consider a slightly different approach to its business model. It will cater to the diaspora market where Williams believes 20 million Africans exist, but half of them do not speak their mother tongue.
Funding
Beacon Power Secures Series A funding from Partech to expand into Eastern and Southern Africa
BPS has expanded into several African markets, delivering power to over 5 million customers through the Electricity Company of Ghana (ECG), helping the company double its revenue in just two years. In February 2024, ECG even launched a mobile application for electricity services.
Funding
Egypt’s Efreshli Lands Seed Funding To Boost Expansion, Welcomes New Co-founder
The funding will enable efreshli to scale its operations, enhance its digital platform, and expand its reach within Egypt. By providing farmers with access to real-time data and analytics, Efreshli aims to optimise supply chain processes, reduce waste, and ensure that fresh produce reaches consumers more efficiently
FinTech
Moniepoint Lands US$110 Million Investment to Scale Digital Payments and Banking Solutions
Moniepoint Inc. announced that it has successfully secured US$110 million in equity financing. Dubbed Africa’s fastest-growing fintech, it aims at using this funding to power the dreams of millions of businesses and customers across Africa and the globe. The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund, which
Funding
Sawari Ventures Approves $200 Million To Support More African Startups
70% of the total $200 million, or $140 million, will be allocated to Egyptian startups over the next four to five years.
M&A
IHS Towers Gets $439 million loan to Refinance debt and support Operations
Africa’s largest telecommunications company, IHS Towers has reportedly gotten a $439 million loan to manage currency risks and support its operations across multiple regions. According to reports, virtually half of the loan comes in South African Rand, while the other half is in USD ($255 million). Both parts of the loan come with a 4.50%