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

DECEMBER 17, 2020

Umba , a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture. Umba competes with Kudao, Carbon, Eversend and “Chip or cash” methods.

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TechCrunch

MARCH 15, 2022

Kenya-based fintech company 4G Capital , which provides unsecured credit to micro enterprises, has raised $18.5 million in Series C funding from global private equity firm Lightrock. Fintechs in Africa continue to overshadow all other startups in funding gained. The recent funding round brings to $27.5

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TechCrunch

NOVEMBER 30, 2023

Amini, a Kenya-based climate-tech startup bridging the environmental data gap in Africa, has raised $4 million in seed funding in a round led by Salesforce Ventures and the Female Founders Fund.

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TechCrunch

NOVEMBER 15, 2021

Africa Health Holdings , a healthcare startup running several hospitals, has secured $18 million in a Series A round, funds that will go toward building its “tech-forward healthcare system” across Ghana, Kenya and Nigeria. The Meridian Health Group owns 16 hospitals in Kenya, including a drug and alcohol recovery center.

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TechCrunch

DECEMBER 1, 2022

Badili , a Kenya-based smartphone re-commerce startup, has raised $2.1 million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. Smartphone re-commerce platform Cashify bags $90 million in new funding. It buys devices from individuals too.

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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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Candid

OCTOBER 23, 2024

Such meaningful relationships can expand nonprofits’ networks, ensure funding for critical initiatives, and strengthen bonds with longtime supporters. Rethinking donor relationships When I started Imani Collective, it was a small nonprofit training program in Mombasa, Kenya.

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TechCrunch

DECEMBER 30, 2021

Koko Networks , a Kenya-based bio-fuel technology enterprise, has extended its business to cover other fast-moving consumer goods through a new tech platform that will capitalize on its established distribution networks in low-income neighborhoods.

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TechCrunch

SEPTEMBER 30, 2022

The future of Kenya-based Sky.Garden — an Amazon-style marketplace for third-party merchants to sell electronics, home goods and more — is in the balance after the startup failed to close a round of financing, according to a memo the startup sent out to employees.

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TechCrunch

MARCH 21, 2022

A wholesale e-commerce platform based in Kenya, with hubs in the Americas, Asia and Europe, Powered by People , has secured $5 million in seed funding to increase its transaction volume by growing the number of small brands using its B2B online marketplace to reach international buyers.

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TechCrunch

NOVEMBER 1, 2021

for instance, costs about $400 in Kenya. Since 2014, Twiga Foods has been using technology to build supply chains in food and retail distribution on the continent, starting with Kenya. This funding comes after the company’s $30 million Series B round — $23.75 The funding will be used to test the concept out.

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Fast Company Tech

MARCH 18, 2025

Sustainability has also been a driver for development: Bristol City Leap , in the UK, is a citywide decarbonization program that will create hundreds of local green jobs; while Lamu Blue Carbon Project , a blue carbon credit program, will preserve mangrove habitats in coastal Kenya. Ford Motor Co.

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TechCrunch

OCTOBER 25, 2021

Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause – granting the banking regulator the mandate to revoke permits of operators who breach customer confidentiality – to the new law passed by the country’s National Assembly. .

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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 16, 2022

This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the continent’s early- and growth-stage startups, which the company CEO Sundar Pichai announced last October. The fund is part of Google’s plan to invest $1 billion in “tech-led initiatives” over the next five years.

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TechCrunch

MARCH 7, 2022

Two years before that, Boampong traveled to Kenya and was fascinated by how unbanked Kenyans sent and received money while paying bills with mobile money, a system of payments pioneered by Safaricom’s M-Pesa, which has close to 30 million customers. Dash claimed to process over $300 million in TPV in January, up 300% monthly from Q4 2021.

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TechCrunch

DECEMBER 8, 2021

Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. Workpay, a Y Combinator startup, is among the 50 enterprises in Africa that received equity-free funding and support from Google.

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TechCrunch

DECEMBER 4, 2022

Kapu , a social commerce startup, coming out of stealth today having raised $8 million seed funding, is hoping to help lessen the burden of buying food for Kenyan consumers, many of whom are grappling with the sky-rocketing food prices. Social commerce platform Tushop set for Kenya growth after raising $3 million pre-seed funding.

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TechCrunch

APRIL 25, 2022

million pre-Series A funding. debt) pre-Series A funding. The equity round was led by Acumen Resilient Agriculture Fund (ARAF) and FMO, the Dutch entrepreneurial development bank, with participation from Greater Impact Foundation. Kenya’s Twiga raises $50M to scale food solutions across Africa. million ($6.4m

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TechCrunch

JANUARY 4, 2022

Among the largest beneficiaries of the fintech capital were Opay , which raised $400 million in Series C funding, Flutterwave , which got $170 million in a Series C round, and TymeBank , which raised $180 million in Series B. While investments grew in 2021, the bulk of the funding went to a small number of startups.

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TechCrunch

DECEMBER 15, 2022

Kenya-based MyHealth Africa , an integrated healthcare platform changing how people access medical services, by connecting patients with local and international health specialists and hospitals, is growing its reach in Africa, and plans to further expand in Middle East and South Asia next year.

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TechCrunch

SEPTEMBER 15, 2022

However, a change-point is in the offing as insurtechs like the Kenya-based insurtech Turaco introduce new technologies and products that are disrupting the market. Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth. million. “As International startups shrug off US insurtech meltdown.

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TechCrunch

DECEMBER 1, 2022

Kenya-based Uncover Skincare is one of them and it seeks to revolutionize the sector through data-led manufacturing that is aligned with the needs of the modern African woman. Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January.

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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. M-KOPA started with solar-power home systems targeted at lower-income and rural customers without electricity in Kenya, Tanzania and Uganda.

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Amy Sample Ward

JANUARY 20, 2012

Ushahidi, an open source project originally deployed in Kenya to report post-election violence has since been downloaded and deployed for many other events and disasters, including Haiti, Chile, and Japan. The real-time web has also revolutionized the way we support local communities in disaster. We can’t only invest in a product.

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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

DECEMBER 12, 2022

million in “expansion” funding from Aruwa Capital, a Nigeria-based early-stage growth equity and gender-lens fund. . The initial product brought in $165,000 in seed funding from investors such as CcHUB Growth Capital, Montane Capital and B-Knight. When Dada launched the platform, its target audience was solely businesses.

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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. With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors.

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TechCrunch

DECEMBER 30, 2021

Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion. What’s a record year of funding without some unicorns? billion and $2.8 These predictions weren’t entirely off the mark.

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TechCrunch

JULY 25, 2022

Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. We align ourselves with a lot of the ESGs.”.

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TechCrunch

SEPTEMBER 10, 2022

Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth. This is something that we specifically value in our fund and what Bitmama in particular delivers.”. CEO Ruth Iselema.

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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

FEBRUARY 13, 2023

The Off-Grid Energy Access Fund (FEI-OGEF), Cordaid, and Qotto’s existing investors also participated in the round. Cleantech Qotto embarks on growth plan backed by $8M funding by Annie Njanja originally published on TechCrunch

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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

OCTOBER 13, 2022

Kenya has the largest and most thriving furniture industry in East Africa, but the sector’s potential is hindered by several challenges among them production inefficiencies and quality concerns, forcing most major retailers to settle on imports. million series B debt-equity funding round, co-led by U.S Digital-first brand.

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TechCrunch

MAY 11, 2022

million in seed funding, months after graduating from Y Combinator. The round also comes a few months after the startup raised $360,000 in pre-seed investment last November, bringing its total funding to $3.1 Kenya, the U.S. Y Combinator, Soma Capital, True Capital Fund and Sherwani Capital are among its other investors.

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