Startup news

Adtech startup addvirtt exits stealth to democratise sports advertising

South Africa-based sports advertising start-up addvirtt is plugging African brands into the formerly unattainable high impact, high-value TV visible advertising inventory of Europe’s biggest…

DabaDoc partners with Orange to launch a medical video-consultation service

Moroccan healthtech startup, DabaDoc, and Orange, the French multinational telecommunications corporation, have joined forces to launch DabaDoc Consult, a brand new service allowing the…

Nigeria’s Kwik secures $2M in Series A funding round

French-Nigerian B2B startup Kwik, a provider of SaaS logistics services to social vendors and e-commerce platforms in Africa, has successfully closed its $2 million…

4DX leads $3M Eksab seed round

Egyptian fantasy football start-up Eksab raised $3 million is a seed round led by 4DX Ventures. The round also drew participation from Darwazah Capital,…

Applications open for 2022 Africa’s Business Heroes prize competition

The “Africa’s Business Heroes” (ABH) prize competition, one of the Jack Ma Foundation’s philanthropic programs spotlighting and celebrating Africa’s entrepreneurial talent, has opened applications…

FOMO app reaches 100K users, opens Series A funding round

FOMO, an app in South Africa focused on connecting users to restaurant specials closest to them using geo location, launched in late 2020 has…

Nigerian agritech, ThriveAgric, raises $56.4M

Nigerian based ThriveAgric, a fast-growing technology-driven agricultural company, has raised $56.4M in debt funding from local commercial banks and institutional investors. The raise also…

Egypt proptech startup, Nawy, raises $5M in seed funding

Egyptian proptech startup, Nawy, has concluded its seed funding round securing $5 million in investment led by the Sawiris family office. Nawy is an…

Stitch raises $21M in Spruce House led Series A

South African fintech API Stitch closed a $21 million Series A funding round that drew participation from The Spruce House Partnership, PayPal Ventures and…

Egyptian investment startup, Thndr, secures $20M in Series A

Thndr, the Egyptian digital investment platform, has secured $20 million in a Series A investment round co-led by Tiger Global, BECO Capital and Prosus…

Nigerian healthtech startup, Reliance Health, raises $40M in Series B

Reliance Health, an emerging markets-focused digital healthcare provider, has completed a $40M (R622 426 000,00) Series B funding round led by General Atlantic, a…

Follow-on investment gives Carscan license to disrupt.

Augmented reality start-up Carscan closed a successful follow-on funding round that drew over $1 million in capital investment from Kalon Venture Partners, Allan Gray…

Egypt’s YFS raises $7M in Series A funding

Yalla Fel Sekka (YFS), the Egyptian on-demand logistics provider specialising in instant delivery and dark store management, has raised $7 million in a Series…

Lami acquires Bluewave to bridge Africa’s insurance gap

Lami, Kenya’s insurance technology company, has acquired Bluewave Insurance Agency, a Kenyan-based insurtech startup that leverages mobile technology to reach the underserved population tapping…

Docklands Ventures acquires SA parking startup, ParkUpp

South African parking startup, ParkUpp, has been acquired by real estate investment company Docklands Ventures, owned by ex-JLL Chairman for Sub-saharan Africa, Mark Bradford….

Kenyan healthtech startup, Afya Rekod, raises $2M in seed funding

Kenyan based healthtech startup, Afya Rekod, has raised $2 million (R30 608 600,00) in seed funding. The round was led by Mac Venture Capital, a…

Nestcoin raises pre-seed capital to accelerate Web3 adoption

Web3 application builder Nestcoin raised $6.45 million in pre-seed capital. This new funding will enable the company to expand its global operations and invest…

Kenyan fintech Ubawa secures $350K seed funding

Ubawa Technologies, 2021 African Start-up Awards Start-up of the Year winners for Kenya, has secured $350 000 in seed funding from Nigerian VC Platform…

CompariSure raises R15M in Pre-Series A round lead by local VC firms

South African startup, CompariSure, has raised R15 million ($980 000) from Cape Town based HAVAÍC and 4Di in a Pre-Series A funding round lead…

Speedinvest leads $3M pre-Series A funding for Ghana fintech OZÉ

Ghanaian fintech OZÉ provides bookkeeping tools for business owners to understand and improve their performance as well as access to capital to fuel growth….

Alpha Intelligence Capital leads $100M InstaDeep Series B

Tunisian artificial intelligence start-up InstaDeep announced that it raised $100 million and closed a successful Series B funding round led by Alpha Intelligence Capital…

South African HR software startup, Wamly, secures second round investment

Wamly, the video interview software startup founded by Francois de Wet in 2018, has secured a 2nd round investment from South African venture capital…

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