TechCrunch

DECEMBER 16, 2021

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. Before launching the fund, Google proved helpful in startups’ journeys via its Google for Startups Accelerator Africa program. Collectively , they have raised over $100 million in venture capital.

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Beneblog: Technology Meets Society

JULY 29, 2011

As I noted in my first blog on my African trip, I was delighted with the entrepreneurial culture in Nairobi, Kenya. Up until that point, Steve was doing the family and friends fund raising thing to keep his business afloat. Steve shared that the Bookshare contract really was the turning point for his business.

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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. Did African startups raise $496M, $1B or $2B in 2019? Fintech startups raised 24.9% billion and $1.8

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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

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

FEBRUARY 9, 2022

Kenya-based EV startup BasiGo has closed $4.3 million in seed funding, three months after setting up operations in East Africa’s biggest economy , to provide clean-energy mass transit vehicles in a country that is heavily-reliant on fossil-fuel buses. million includes $930,000 raised during the pre-seed round late last year. “We

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TechCrunch

MARCH 1, 2022

The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million. M-KOPA’s total equity raise stands at $190 million.

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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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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

MARCH 30, 2023

Impact investor Goodwell Investments and Oxfam Novib , a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia. Pepea’s long-term plan is to improve the quality and affordability of these necessities.

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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

MAY 26, 2021

Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The fundraising is coming two years after OPay announced two funding rounds in 2019 — $50 million in June and $120 million Series B in November. billion, three times what it was worth back in 2019.

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TechCrunch

DECEMBER 12, 2022

Taeillo , a Lagos-based startup innovating around these issues relating to time, quality and cost via its online furniture e-commerce store, has raised $2.5 million in “expansion” funding from Aruwa Capital, a Nigeria-based early-stage growth equity and gender-lens fund. . Made.com raises another $56 million.

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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

MAY 4, 2022

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. and Kenya, currently has nine partners; however, the CEO declined to mention their names.

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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. Kenyan insurtech Lami raises $3.7M Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth. seed extension led by Harlem Capital.

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TechCrunch

JANUARY 5, 2022

The startup has now set out to activate more mutti pharmacies to widen its reach and to build out its tech-infrastructure as it readies itself for the next phase of growth after raising $35 million in Series D round. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.

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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

JANUARY 25, 2021

The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . .” There, she started Kilimo Salama , as a micro-insurance program for more than 200,000 farmers in Kenya and Rwanda. million farmers.

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TechCrunch

FEBRUARY 8, 2022

But similarly to years past, the total amount raised by African startups varies among different reports. We first emphasized this issue in a 2019 piece: Did African startups raise $496M, $1B or $2B in 2019? Then, the disparities between venture funding studies were stunningly clear. . Briter Bridges : African startups raised $4.9

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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

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Africa predicted to experience sustained funding slowdown in 2023 Most tech observers share Cuvelier’s thoughts on VC activity in Africa.

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TechCrunch

AUGUST 6, 2021

As startups in Africa continue to grow and raise money at a ridiculous pace, so too will their cap tables expand. Raise, a startup building Africa’s Carta is tackling these challenges and has received backing from 500 Startups to scale its technology. Image Credits: Raise.

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TechCrunch

MAY 11, 2022

Many platforms power these KYC processes, and one of them, Identitypass , is today announcing that it has raised $2.8 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

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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.

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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

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

JANUARY 4, 2022

The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. This amount was double the previous year’s investment, and nine times what was raised five years ago, an indication of how much the startup scene has transformed over the last few years.

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TechCrunch

NOVEMBER 2, 2021

The startup plans to sell locally assembled electric buses using parts from China’s EV maker BYD Automotive , the company said while announcing it had raised $1 million in pre-seed funding. The company is planning to enter other markets within the East Africa region after establishing ground in Kenya.

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TechCrunch

AUGUST 16, 2022

Lori Systems , an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in which Google participated along with other existing investors. Lori has raised a total of $38.2 Image Credits: Lori Systems.

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TechCrunch

MAY 4, 2021

Lami Technologies , a startup out of Kenya armed with $1.8 For this reason, CEO Jihan Abass founded the company in 2018 to democratize insurance products in Kenya. Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa. million in seed money, is looking to change that.

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TechCrunch

FEBRUARY 13, 2023

The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. BuuPass raises $1.3M Others do not have provisions for seat reservation.

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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

AUGUST 29, 2022

In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding. Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s winter batch this March.

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TechCrunch

JANUARY 16, 2023

Kwara says the Kuscco deal comes at the right time in its plan to double down on Kenya. “We The new funding brings the total seed amount raised by the startup to $7 million. Initial round saw participation of several investors including Breega, SoftBank Vision Fund Emerge, Finca Ventures, New General Market Partners.

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TechCrunch

MAY 24, 2021

The investment comes nine months after the company raised $500,000 in pre-seed last September and two months after receiving $125,000 from YC. Therefore , Mono will use the funding to reinforce its current financial and identity data offerings and launch new products for diverse business verticals. Image Credits: Mono.

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TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. 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.

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