Venture capital

Sanari Capital announces first close for its new fund at R475m

Private equity firm Sanari Capital has announced a first close of R475 million (about $28 million) on its Sanari 3S Growth Fund known as…

Africa’s top venture capital fund managers unite at Oxford

Forty leading fund managers from select African investment funds will gather at the Oxford University’s Saïd Business School next week. Together, they will discuss…

Is raising venture capital the right path for your start-up?

There are four vital questions that will guide your decision on whether raising venture capital is the right path, writes Finch Technologies co-founder Christopher…

AfricArena summit builds Africa’s start-up ecosystem

Tunisia has set itself the task of getting 1 000 labelled startups into its national ecosystem by 2024, and it is more than three-quarters…

Grey raises $2m to simplify cross-border payments

Nigerian fintech start-up Grey has raised $2 million in seed funding. This allows the business to further simplify sending and receiving foreign payments in…

Investment readiness: 5 tips for start-up founders

It’s a hard fact that all founders learn in their start-up journey: although securing funding is like finding the Holy Grail for entrepreneurs, that…

New report: Here’s why African fintech is fast-expanding

Despite talk of an overcrowded market and funding retreat, fintech is proving its mettle in the African markets, serving as a lever to financial…

Boost for investment skills of local capital providers in Africa

Ten fund managers active in Africa’s tech space have been selected from across the continent for the LAUNCH Capital Provider Fellowship Programme. Facilitated by…

African B2B marketplace Kwely banks $1 million in seed round

Kwely, an Africa-based B2B marketplace, has raised closed to $1 million seed round funding. This, says the company, enables it to “redefine the perception…

20 of Africa’s finest start-ups to pitch at AfricArena summit

More than 20 of Africa’s finest start-ups will today and tomorrow vie for the attention of international investors attending the AfricArena West Africa Summit…

Futuregrowth bags one of SA’s largest seed funding rounds

In one of the largest seed funding rounds in South Africa’s history, Futuregrowth was the lead investor in Inseco, a start-up company using black…

African genetics company raises $1.6m seed round

Billed as the first African-based direct-to-consumer genetics company to introduce polygenic risk scoring (PRS) to generate DNA test results, BioCertica has just launched a…

Endeavor Harvest Fund II closes as most active VC in SA

Endeavor South Africa has raised double its initial target for Harvest Fund II with R190 million raised in the fund’s final close. The fund…

Cape Town based Locstat raises investment from Grindstone Ventures

Cape Town based advanced analytics company, Locstat, has secured undisclosed amount of funding from Grindstone Ventures. Founded in 2016, Locstat enables customers to unlock…

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,…

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 fintech, Lucky, raises $25M in Series A

Lucky, the leading app in Egypt for credit products, offers and cashback rewards, has raised $25 million in a Series A funding round. The…

Susa Ventures leads $5M seed round to scale Powered By People

Susa Ventures led a $5 million seed round alongside Flexport Fund, Golden Ventures and JVentures that will enable global makers wholesale marketplace Powered by…

Lightrock continues developing market support with 4G Capital Series C

Lightrock led a $18.5 million Series C funding round for Kenya-based neobank fintech 4G Capital, continuing a busy 2022 investing in developing markets. Lightrock…

Luno launches early-stage investment arm

Cryptocurrency company, Luno, a wholly-owned subsidiary of Digital Currency Group (“DCG”), has launched Luno Expeditions, a global, early-stage investment arm to support fintech and crypto/web3…

Virgin Active acquires Real Foods Group

Virgin Active has announced that Dean Kowarski, founder of The Real Foods Group, has been appointed as its Group CEO. Dean started the Real…

Moove raises $105M in Series A2 round to power global expansion

Nigeria’s pioneering mobility fintech Moove attracted four new investors in a successful $105 million Series A2 funding round. AfricInvest, MUFG Innovation Partners, Latitude, and…

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