TechCrunch

FEBRUARY 3, 2023

Months later, the company is ceasing on-ground operations in Nigeria, one of its four markets in Africa. This means that it will no longer fulfill orders in the West African country, saying it has become “a fully-integrated tech solution” that will match online buyers with the right logistics providers. Sendy has so far raised $26.5

Nigeria 86

Nigeria Course Job Change 86

TechCrunch

FEBRUARY 1, 2022

Andela has been pivotal to placing the continent’s tech talent globally. AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. Nigeria has a population of almost 200 million, with 60% under the age of 25.

Nigeria 139

Nigeria Alternative Build Raise 139

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. It’s one of the few companies offering such services, including Firstbase.

Africa 139

Africa Burkina Faso Nigeria Companies 139

TechCrunch

FEBRUARY 14, 2022

Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before expanding to the rest of Africa. Other notable startups in the space are Kenya’s MyDawa, Ghana’s mPharma and Nigeria’s DrugStoc.

Nigeria 94

Nigeria Digital Africa Raise 94

TechCrunch

FEBRUARY 7, 2022

Lagos- and Texas-based digital healthcare provider Reliance Health is the latest beneficiary and is doing so in grand style, raising $40 million. Kuti’s comments highlight critical issues with healthcare in Nigeria: accessibility and affordability. Reliance previously raised a $2 million seed round months post-YC in 2017.

Nigeria 135

Nigeria Raise Africa Egypt 135

TechCrunch

MARCH 7, 2022

Today, the unified payments app is announcing that it has raised $32.8 So, u sers from different countries — Ghana, Nigeria and Kenya, for now — can connect their bank or mobile money accounts to Dash, pay bills, and send and receive money to other users while the platform handles currency conversions.

Ghana 145

Ghana Kenya Raise Build 145

TechCrunch

MARCH 9, 2021

In total, Flutterwave has raised $225 million and is one of the few African startups to have secured more than $200 million in funding. . When the company raised its Series B, we reported that Flutterwave had processed 107 million transactions worth $5.4 African fintech firm Flutterwave raises $35M, partners with Worldpay.

Companies 145

Companies Raise Africa Nigeria 145

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%

South Africa 129

South Africa Raise Africa Ghana 129

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.

Marketing 140

Marketing Kenya Ghana Nigeria 140

TechCrunch

FEBRUARY 9, 2022

Nigeria has more than 12 million registered vehicles , and approximately 90% of them are used cars that need frequent checkups to prevent recurring breakdowns. Given this number, one would expect effective vehicle maintenance to be standard in Nigeria. African tech took center stage in 2021. million seed round. .

Nigeria 95

Nigeria Service Africa Mobile 95

TechCrunch

MARCH 29, 2022

India, with 32 startups, is the second-largest demographic represented in the new batch, while Nigeria is third, having delivered 18 startups. Location : Lagos, Nigeria. Location : Lagos, Nigeria. YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance. Location : Lagos, Nigeria.

Nigeria 91

Nigeria Africa Sudan Websites 91

TechCrunch

OCTOBER 13, 2021

Living in Lagos, the commercial city of Nigeria, is not for the faint of heart. Eden Life , strategically positioning itself as the go-to platform for home service needs, has raised a $1.4 When the founders, ex-Andelans (a term to describe previous Andela staff), launched the home service app two years ago, it raised some eyebrows.

Life 129

Life Service Business Raise 129

TechCrunch

DECEMBER 1, 2022

Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January. The new funding brings the total amount raised by Uncover, since launch in 2020, to $1.225 million. Uncover is scaling its operations in Kenya and expanding to Nigeria in January.

Africa 122

Africa Product Kenya Nigeria 122

TechCrunch

MARCH 18, 2021

” The company, which currently offers mobile-first banking services in Nigeria, has picked up $25 million in a Series A being led by Valar Ventures, the firm co-founded and backed by Peter Thiel, with Target Global and other unnamed investors participating. African payments company Flutterwave raises $170M, now valued at over $1B.

Nigeria 126

Nigeria Raise Paypal Africa 126

TechCrunch

AUGUST 23, 2021

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. This news comes three months after The Information reported that the company was in talks to raise “up to $400 million at a $1.5 valuation.

Fund 139

Fund Nigeria Egypt Africa 139

Fast Company Tech

MARCH 18, 2025

The tech from one startup, Electreon , is embedded in the nations first EV charging road. Bristol has a reputation for climate action and community support for renewables; this city-scale move shows that it is raising its own bar. Ford Motor Co. The initiative will also benefit local industry by slashing energy costs.

Develop 97

Develop Companies Illinois Ohio 97

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? Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. billion to $1.5

South Africa 98

South Africa Africa Egypt Nigeria 98

TechCrunch

SEPTEMBER 2, 2022

Kuda , the challenger bank based in Nigeria and the U.K., has joined the ranks of tech companies in Africa that are pruning their workforce. The company, having raised more than $90 million in total from investors such as Valar Ventures and Target Global, is also planning an expansion outside Africa to Pakistan.

Digital 137

Digital Nigeria Pakistan Ghana 137

TechCrunch

OCTOBER 19, 2022

In the latest development, Bumpa , one of them which says it is building the infrastructure to power online commerce and enable African small business owners to start, manage and grow their businesses from their mobile devices, has raised a $4 million seed round. . Integrating an ecosystem of products.

Platform 145

Platform Raise Africa Nigeria 145

TechCrunch

DECEMBER 16, 2021

The undisclosed investment comes two months after Alphabet CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years in “tech-led initiatives”, which includes a $50 million Africa Investment Fund targeted at early- and growth-stage startups on the continent.

Africa 145

Africa Fund Uganda Nigeria 145

TechCrunch

JANUARY 18, 2022

Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. Finclusion also uses a holistic tech stack that gets continuously upgraded with specific amendments in each country.

Africa 104

Africa South Africa Nigeria Raise 104

TechCrunch

JANUARY 22, 2021

When Stripe-subsidiary Paystack raised its seed round of $1.3 million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria. . But over the years, those same seed-stage rounds have become more common, with some very early-stage startups even raising eight-figure sums. “Fintech is compelling.

Africa 137

Africa Nigeria API Egypt 137

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.

Raise 99

Raise South Africa Africa Kenya 99

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. Though, just eight of those companies got investments.

Nigeria 138

Nigeria Africa Report Mauritius 138

TechCrunch

NOVEMBER 25, 2021

One-year-old Sabi — a spinoff from Rensource , an African energy company that offers power-as-a-service to customers — is the latest startup to raise funds to serve the informal sector. The company confirmed to TechCrunch that it has raised a $6 million bridge round led by pan-African VC firm CRE Ventures.

Nigeria 84

Nigeria Platform South Africa Offline 84

TechCrunch

MARCH 22, 2021

to reach a relative in Nigeria. Ben Eluan and Osezele Orukpe , two software engineers based in Nigeria, faced this problem in 2019. After the program, Flux subsequently raised $77,000 pre-seed investment from different investors — Hustle Fund and Mozilla, among others. Nigeria is becoming Africa’s unofficial tech capital.

University 145

University Nigeria Build Africa 145

TechCrunch

OCTOBER 18, 2022

After launching its inaugural school of engineering earlier this year and raising pre-seed funding, Nigeria’s AltSchool has expanded its catalog to include data and product schools, responding to the growing demand for these technical skills by youth and employers. The demand for technical talent is at an all-time high.

Course 88

Course Skills Tech Nigeria 88

TechCrunch

JULY 20, 2021

“I survived a 21-day coma in Nigeria 15 years ago. Despite the company’s innovation, funding has been few and far between, as with many deep tech platforms with a significant focus on Africa. Alonge sees RxAll as a pioneer in the world of deep tech mixed with health tech. He went into a coma for three weeks.

Africa 104

Africa Tech Nigeria South America 104

TechCrunch

FEBRUARY 10, 2022

The YC-backed startup has also raised a $1.3 Duplo will spend most of this investment on improving its product, tech and sales as well as move into other sectors asides from FMCG retail to businesses in travel, farming, B2B marketplaces, alcohol and beverages.

Nigeria 95

Nigeria Companies Build Africa 95

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.

Fund 115

Fund Online Raise Platform 115

TechCrunch

OCTOBER 11, 2021

Mono , an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. Nigeria’s Mono raises millions to power the internet economy in Africa. More than half of the population is either unbanked or underbanked.

Global 141

Global Africa South Africa Nigeria 141

TechCrunch

FEBRUARY 1, 2022

However, over the last one decade, tech solutions are emerging to bring efficiency into the sector and make shipping cheaper, while increasing the availability of options for shippers. Amitruck , a Kenyan tech-enabled logistics platform, is one such provider of solutions that streamline the shipping market.

Tanzania 99

Tanzania Uganda Platform Africa 99

TechCrunch

MARCH 2, 2022

Sudo Africa , a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 At some point, we wanted to issue cards and worked with one of the local banks in Nigeria,” said CEO Bakori. million in pre-seed funding. San Francisco-based Global Founders Capital (GFC) led the round.

Africa 98

Africa API Issue Nigeria 98

TechCrunch

AUGUST 5, 2022

The energy tech company, which provides data and grid management solutions to help Africa’s power sector distribute electricity more efficiently, is announcing today that it has closed a seed round of $2.7 and Nigeria-based utility company provides energy management software and analytics for utilities. Bim Adisa (CEO).

Africa 92

Africa Accessibility Nigeria Service 92

TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

Global 94

Global Senegal Nigeria Rwanda 94

TechCrunch

JANUARY 9, 2023

million grant) seed raise in September 2021, said the funding will support the launch of two new technologies: Kraken II and SITE. . It’s different for Releaf, which operates upstream and has less competition, at least when the application of tech is considered. million in an oversubscribed pre-Series A round. million (including a $1.5

Process 99

Process Tech Nigeria Africa 99

TechCrunch

JULY 26, 2021

Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Voltron will be deploying capital to roughly 30 startups, mostly in pre-seed and seed-stage across Africa, in a bid to “address the severe lack of access to early-stage funding for African tech companies.”

Fund 109

Fund Profile Nigeria Africa 109