Venture capital

Cape Town tech startup secures R7-million in funding

Cape Town-based online advertising tech startup Adbot has secured R7-million ($500 000) in capital raise from Enygma Ventures, an investment funding dedicated to supporting…

Egypt tech startup Breadfast secures $26-million in series A round

Cairo-based tech startup, Breadfast, a grocery delivery platform, has secured $26-million in a Series A round of funding co-led by Vostok New Ventures and…

Nigerian fintech startup Payhippo secures $3-million

Lagos based tech startup Payhippo has secured a reported $3-million in seed funding from several funders including; Ham Serunjogi and Maijid Moujaled, co-founders Chipper…

Stellenbosch financial edtech startup secures funding

Based in the Western Cape, FinMeUp has secured an undisclosed amount in funding from ZAQ Ventures (Venture Studio), a venture capital firm that focuses…

RecoMed raises $1.5m to scale online healthcare bookings in SA

Online healthcare bookings platform RecoMed is having a great October. Fresh from building a customized bookings platform for the Discovery Health Covid-19 vaccine roll-out,…

Nigerian automotive tech startup secures $13.1-million

Lagos-based automotive tech startup Autochek has secured a whopping $13.1-million in seed funding led by TLcom Capital and 4DX Ventures with participation from existing investors Golden Palm Investments, Enza Capital, Lateral Capital. In…

South African clean-tech start up secures investment

Johannesburg-based clean-tech startup Brayfoil Technologies has secured an undisclosed amount of funding from Katapult Ocean. In addition, the innovative tech startup has been selected…

Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses

Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group,…

Nigerian tech startup Pricepally secures six-figure funding

Based in Lagos, Pricepally, an innovative eCommerce platform, and digital food cooperative, has secured an undisclosed six-figure amount of funding in a pre-seed investment…

Uganda fintech secures $3.6-million in funding

Headquartered in Kampala, fintech startup Tugende has secured $3.6-milllion in an equity financing round led by Partech, with participation from Enza Capital and regionally…

Nigerian insurtech startup secures $450k in pre-seed funding

Lagos-based insurtech startup Curacel has raised $450 000 in a pre-seed funding round led by Atlantica Ventures and Consonance with participation from Kepple Ventures and other African angel investors. Curacel secures…

SA biomedical engineering startup receives funding

Cape Town-based multi-medical device development startup Impulse Biomedical has secured an undisclosed amount in a venture capital investment from Futuregrowth. Impulse Biomedical has secured an undisclosed…

Local data automation startup receives $1-million in funding

Johannesburg-based data automation tech startup Synatic has secured $1-million in a seed funding round led by UW Ventures with participation from Allan Gray and…

Nigerian tech startup Kwik Delivery receives $1.7-million

Lagos-based Kwik Delivery platform operated by Africa Delivery Technologies has secured $1.7-million in a Pre-Series A funding round from undisclosed institutional and high net worth…

Ghana healthtech secures $1.5-million in funding

Accra-based healthtech startup Redbird has secured $1.5-million in a Seed Round of investment with participation from Johnson & Johnson Foundation and Newtown Partners via…

Nigerian tech startup Kuda secures $25-million

Kuda, a digital bank that operates in Nigeria has secured $25-million in a Series A funding round led by Valar Ventures, a New York-based…

Mali edtech startup secures funding from Zoom

Bamako-based edtech startup Kabakoo Academies has secured an undisclosed amount of funding from cloud-based video conferencing service, Zoom. Kabakoo Academies has secured an undisclosed…

Local car tech startup FlexClub secures $5-million

South African tech startup FlexClub, a car subscription marketplace, has secured $5-million in a seed round of funding led by Kindred Ventures. FlexClub secures…

Egyptian fintech Dayra secures $3-million

Cairo-based fintech startup Dayra has joined Y Combinator’s (YC) Winter 21 group and secured the largest debt and equity Pre-Seed round in the region…

Stellenbosch tech startup Quench receives funding

Stellenbosch-based startup Quench has secured an undisclosed amount of funding from local venture capital firm, Imvelo Ventures, founded by Capitec Bank and Empowerment Capital…

African fintech startup secures $170-million

African fintech startup Flutterwave has secured $170-million in funding in a Series C round led by Avenir Growth Capital and Tiger Global Management LLC…

SA fintech group secures $15-million in funding

Joburg-based fintech group Adumo has received $15-million in funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth…

Credit focused fintech company secures R10-million investment

Johannesburg-based commercial credit risk technology provider Inoxico has secured R10-million in equity investment from the Vumela Fund. Inoxico has secured R10-million in equity investment…

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