TechCrunch

MARCH 10, 2021

Savannah Fund , a pan-African venture capital firm, today announced a $25 million fund as it looks to back more early-stage startups on the continent. Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Mbwana Ally (Managing Partner, Savannah Fund).

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TechCrunch

FEBRUARY 11, 2021

To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. Investments did pick up, and from July, VC funding on the continent had a bullish run until December. billion and $1.8

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TechCrunch

JANUARY 5, 2022

The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets.

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TechCrunch

FEBRUARY 15, 2021

Uncovered Fund , a VC firm targeting early-stage startups in Africa, announced today that it has launched its $15 million fund which is expected to close at the end of June this year. Before Uncovered Fund, Terakubo was the CEO of Leapfrog Ventures. Terakubo doesn’t say why he left Samurai Incubate Fund. ”

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TechCrunch

AUGUST 23, 2021

Stabus, on the other hand , commenced operations in Ghana a month after Plentywaka’s launch. Then in April this year, Kpotufe, intrigued by the pace at which Plentywaka was scaling, asked Akumah if his company had plans to scale to Ghana. “Isidore is someone I’ve known for going to two years now.

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TechCrunch

MAY 24, 2021

Therefore , Mono will use the funding to reinforce its current financial and identity data offerings and launch new products for diverse business verticals. Also, a long-overdue pan-African expansion to Ghana and Kenya is top priority.

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TechCrunch

MAY 3, 2022

Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa. Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries.

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TechCrunch

APRIL 25, 2022

million pre-Series A funding. It will start its expansion in Ghana before expanding to the neighboring Ivory Coast, accelerated by a fresh $12.9 debt) pre-Series A funding. It will start its expansion in Ghana before expanding to the neighboring Ivory Coast, accelerated by a fresh $12.9 debt) pre-Series A funding.

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TechCrunch

JUNE 22, 2022

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. The report says 36% of all-time funding reported by the health supply chain startups it profiled was raised in the last 12 months. And of course, funding in health tech is generally low.

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TechCrunch

MARCH 1, 2022

Previous backers such as the CDC Group and LGT Lightrock took part in this round alongside LocalGlobe’s Latitude Fund and HEPCO Capital Management. Six years ago, it was heavily focused on East Africa, but having pulled out of Tanzania, M-KOPA is present in Kenya, Uganda, Nigeria and Ghana.

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TechCrunch

DECEMBER 19, 2021

MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. The funds will also be used to extend vehicle financing credit to over 100,000 drivers in the next two years.

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TechCrunch

JANUARY 14, 2022

FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund ( EEGF ), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding will go toward increasing access to clean energy for off-grid households and businesses in the region. million mezzanine investment from the fund.

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TechCrunch

NOVEMBER 9, 2021

million in seed funding, as well as the launch of a cloud-based AI platform — which allows users to build with large language models. . It is looking to expand its team of 33, which is currently spread across nine countries, including Ghana, Nigeria and Kenya. Ohio-based startup Mantium has today announced closing $12.75

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TechCrunch

MARCH 23, 2021

Investors who participated in the round include Johnson & Johnson Foundation , Newton Partners (via the Imperial Venture Fund), and Founders Factory Africa. During his time at Accra in 2016, he met Quao, a trained pharmacist in Ghana at a hackathon whereupon talking found out that their interests in medical testing overlapped.

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TechCrunch

FEBRUARY 14, 2023

In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding. The distribution business is essentially its embedded insurance product Grow.

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TechCrunch

NOVEMBER 16, 2021

million in seed funding from several investors to blitz scale within and outside Nigeria. For one, it seems the company wants to go head-to-head with VC-backed competition; its funding is coming at a time when newer entrants are gaining ground across the country, most notably from Toronto and Lagos-based Plentywaka.

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TechCrunch

SEPTEMBER 23, 2021

Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. ” The $90 million funding raised is a combination of debt and equity, $45 million each. “This group brings more than just capital to the equation.

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TechCrunch

JANUARY 25, 2022

The startup’s new financing round was led by European early-stage VC Speedinvest, with participation from Cathay AfricInvest Innovation Fund, Savannah Capital and other unnamed angel investors. This news follows the $700,000 seed funding OZÉ secured last year. African startups join global funding boom as fintech shines.

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TechCrunch

SEPTEMBER 27, 2022

million equity funding from Dutch impact investor Oikocredit in its second close of the pre-series A round. The new funding brings the total amount raised in the round to $14.4 debt funding. Ghanaian agtech Farmerline to use new funding to strengthen its infrastructure, help farmers create wealth. million , including $6.4

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TechCrunch

FEBRUARY 3, 2022

Further checks in Crunchbase and Tracxn--platforms that track funding rounds in startups and private companies globally–reveal that the company closed the round in August 2021. Since its Nigerian launch in 2019, PalmPay has expanded to Ghana, serving over 5 million users, per information on its website.

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TechCrunch

MARCH 22, 2021

But having started operations in Ghana, Kenya and Uganda, Afriex claims to be processing millions of dollars each month. On its website, though, Afriex states that customers can only send money to and from Nigeria, Ghana, Kenya, Canada and the U.S. SoftBank launches $100M+ Opportunity Growth Fund to invest in founders of color.

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TechCrunch

SEPTEMBER 10, 2022

and Nigeria-based company, which has built a distributed remote team across Nigeria, Ghana and Kenya, says it’s working to democratize Africa’s highly fragmented payment system by leveraging blockchain-based solutions. This is something that we specifically value in our fund and what Bitmama in particular delivers.”. CEO Ruth Iselema.

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TechCrunch

NOVEMBER 1, 2021

This funding comes after the company’s $30 million Series B round — $23.75 The funding will be used to test the concept out. Twiga also plans to use part of the funding to roll out low-cost manufactured food and non-food products under its brand before the end of the year. million equity and $6.25

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TechCrunch

MAY 19, 2022

Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania. Joseph Rehmann founded Victory Farms in 2015.

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TechCrunch

MAY 4, 2022

Trade has the least startup activity in a market that received $5 billion in VC funding last year. “Providing a framework where people can operate and scale their solutions to several markets at once is incredibly important,” said Onayemi, who also co-founded Future Africa, an Africa-focused VC fund.

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TechCrunch

FEBRUARY 10, 2023

million) in pre-seed funding. Nigeria, Ghana, and the U.S., Jendaya raises funding to scale its Africa-focused luxury e-commerce platform by Tage Kene-Okafor originally published on TechCrunch for relatives back in Nigeria. and Europe to customers globally. So far, Jendaya has seen the most traction from the U.K.,

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TechCrunch

MARCH 28, 2023

Founder and CEO Seun Alley , in a statement, said the company plans to use the seed investment to deepen its work in Nigeria (which has a $10 billion transport and logistics market) while it considers expansion — from Q4 2023 — into other African markets, including Ghana, Kenya and South Africa.

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TechCrunch

JANUARY 28, 2021

Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. These startups offer embedded finance solutions; Maelis Carraro , Catalyst Fund MD, explains the thought process behind this selection in a statement. For example, founders in our previous cohort were all male.

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Beneblog: Technology Meets Society

JANUARY 7, 2013

We’re making securing new funding for Bookshare’s international expansion a top priority! Benetech is on a mission to make information accessible and affordable for all individuals with print disabilities who could benefit from our innovative literacy solutions.

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TechCrunch

FEBRUARY 8, 2022

Then, the disparities between venture funding studies were stunningly clear. . Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. billion in total estimated funding — $4.65 It’s more than a 250% increase from last year’s total funding of $1.3 billion to $1.5

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TechCrunch

JANUARY 17, 2022

Many startups are solving these problems for African SMBs in one form or another, and the demand for their services has seen Ghanaian startup Float pick up a significant round of funding. While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit.

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TechCrunch

OCTOBER 11, 2021

But even with these additional features tailored to a Nigerian audience, Mono is going after other markets like Ghana and Kenya, first mentioned by the CEO in May. Mono has delivered on only Ghana, for now, piloting with a few banks and fintechs such as Oze and Tranzo. However, not everyone measures growth this way.

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TechCrunch

JUNE 30, 2022

Some deals include $300 million direct equity in DP World, $75 million direct debt in Stanbic IBTC Bank, $100 million in Standard Chartered, a $20 million investment in Verod Cap, and a $15 million investment in the TLcom TIDE Africa Fund. In a new development, BII said it will invest between £1.5

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TechCrunch

NOVEMBER 1, 2021

The company’s total Series C stands at $250 million but its total funding to date is over $305 million. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. The company will roll out the service to users in Ghana, South Africa and Kenya before the end of the year.

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TechCrunch

SEPTEMBER 21, 2022

The platform, which will allow broker-dealers, asset managers, pension funds, and institutional investors to access markets outside their own country, is announcing its launch to the public today. million in pre-seed funding from private investors and venture capital firms, including LoftyInc Capital and STEMeIn.

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TechCrunch

JANUARY 25, 2021

Microtraction , an early-stage venture capital firm based in Lagos, Nigeria, saw funding nearly quadruple for its portfolio. In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. But it’s completely different in Africa.

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TechCrunch

AUGUST 26, 2021

Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets. based fund 88mph co-led the round with China-based MSA Capital, with participation from Zagadat Capital, Kepple Ventures and Vunani Capital. He also sits on the board of 88mph.

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