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Nigerian insurtech startup, Octamile, secures $500k in pre-seed funding
Startup

Nigerian insurtech startup, Octamile, secures $500k in pre-seed funding

Nigeria based insuretech startup, Octamile, has raised $500,000 in a pre-seed round led by EchoVC with participation from Fiat Ventures, Kesho VC, Trade X, Verraki Partners, Dale Mathias, Kyle Daley and other local and international Angels. The startup which just emerged from stealth mode will enable non-insurance business to
Dec 6, 2021 4 min read
Kenyan Tech Marketplace, Pariti, Secures $2.85m Seed Fund from US Investors
Startup

Kenyan Tech Marketplace, Pariti, Secures $2.85m Seed Fund from US Investors

Kenyan community-led marketplace building the digital infrastructure for an emerging market startup, Pariti, has raised $2.85m in seed funding led by United States’ Harlem Capital. Better Ventures, Accelerated Ventures, Diverse Angels, AVG Basecamp, and New General Market Partners also participated in the round. Pariti was founded by Yacob Berhane
Dec 6, 2021 2 min read
Togolese Mobility Startup, Gozem, Raises $5m Series A fund from Singapore-based Investor
Startup

Togolese Mobility Startup, Gozem, Raises $5m Series A fund from Singapore-based Investor

Togolese mobility startup operating in Francophone Africa, Gozem, has announced it raised $5m in a Series A funding round. Togo and Singapore-based AIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express), and Liil Ventures (Mobility ADO) all participated in the round. Gozem was created by
Dec 6, 2021 1 min read
Egyptian Home Services Startup, FilKhedma, Secures Funding From Cairo Angels
Startup

Egyptian Home Services Startup, FilKhedma, Secures Funding From Cairo Angels

Egyptian home services marketplace, FilKhedma, has announced it secured an undisclosed amount of funding from The Cairo Angels, a global network of angel investors dedicated to supporting startup possibilities in Egypt, the Middle East, and Africa. FilKhedma was founded by Omar Ramadan in 2014, the startup aims at connecting top
Dec 6, 2021 1 min read
Kenyan Agritech Startup, Shamba Pride, Secures $1.1m
Startup

Kenyan Agritech Startup, Shamba Pride, Secures $1.1m

Kenya-based Agritech startup Shamba Pride has secured $1.1m to support its expansion in Kenya and roll-out of its digital solution to over 1,000 digitalised shops. The funding was led by Seedstars Africa Ventures and Gray Matters Capital. Shamba Pride which was created by Samuel Munguti offers an online
Dec 3, 2021 1 min read
Egyptian Cloud Management Startup, beXel, Secures Funding
Startup

Egyptian Cloud Management Startup, beXel, Secures Funding

Cairo-based cloud-based inspection management software startup, beXel, has raised an undisclosed amount in an investment round led by JH Investments Ltd, with additional funding from Flat6Labs, UI Investments, and Saudi Angel Investors. beXel was founded in 2019 by Ayman Abou Regeila, Ahmed Hussein, and Mahmoud Latif. The SaaS digital cloud-based
Dec 2, 2021 1 min read
Nigerian Crypto Startup, Payourse, Raises $600k Pre-seed
Startup

Nigerian Crypto Startup, Payourse, Raises $600k Pre-seed

Nigerian crypto startup, Payourse, has announced it raised $600k in a pre-seed funding round to help it scale its products, employ more people, and expand into other markets. Participants in the round include Micheal Ugwu, Flori Ventures, Olumide Soyombo’s Voltron Capital, Allegory Capital, CELO co-founders Marek Olszewski and Rene
Dec 2, 2021 1 min read
South African talent marketplace OfferZen gets $5.2M to strengthen expansion plans
OfferZen

South African talent marketplace OfferZen gets $5.2M to strengthen expansion plans

South African tech talent marketplace, OfferZen, has secured €4.5 million ($5.07 million) in Series A funding from Base Capital, a South African investment company. Founded in 2015 by Philip Joubert, Malan Joubert, and Brett Jones, OfferZen is a tech talent marketplace that allows software engineers and developers to
Dec 2, 2021 3 min read
Nigerian autotech startup, Fixit45 acquires Parkit to boost its vehicle management service
Autotech

Nigerian autotech startup, Fixit45 acquires Parkit to boost its vehicle management service

Nigeria’s auto tech platform, Fixit45 has announced the acquisition of Parkit, a network of tech-enabled auto care and car wash centers. With this acquisition, Fixit45 intends to add Parkit’s solutions to its auto repair and maintenance services across the country. Launched in July 2021, Fixit45 provides fleet management,
Dec 1, 2021 3 min read
Egyptian fintech startup, KIWE, has received funding to help it expand
KIWE

Egyptian fintech startup, KIWE, has received funding to help it expand

Egyptian fintech startup KIWE has raised its first round of funding, led by dfin Holding with participation from EFG Hermes, Marakez for Development, and a group of angel investors. The investment will be used to drive the startup’s growth by utilizing the offerings of its investors. Founded in March
Nov 30, 2021 1 min read
Klickit closes seed funding round led by EFG Finance, DFin’s Camel Ventures
KlickIt

Klickit closes seed funding round led by EFG Finance, DFin’s Camel Ventures

Egyptian fees management and digital collection platform, KlickIt, has announced the closing of their first investment round with commitments from EFG Finance and the venture capital arm of DFin Holding, Camel Ventures. The main purpose of the investment is to build and enhance KlickIt’s tech stack and to build
Nov 30, 2021 2 min read
Kenya’s Asilimia raises $2 million to expand into new markets in East Africa
Funding

Kenya’s Asilimia raises $2 million to expand into new markets in East Africa

Asilimia, a Kenyan-based digital infrastructure startup connecting African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand into new markets in East Africa. The startup raised $1 million in pre-seed funding from a wide range of investors, including two-time unicorn
Nov 30, 2021 2 min read
Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.
Logistics

Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egypt-based logistics and last-mile delivery startup, Bosta, has announced plans to launch its presence in South Africa and the United Arab Emirates (UAE) in 2022. This expansion is coming on the heels of a $6.7 million Series A funding round led by Silicon Badia with other participating local and
Nov 30, 2021 1 min read
Franco-Senegalese Startup, Fleeti, Raises $1.1 million in Seed Funding
Startup

Franco-Senegalese Startup, Fleeti, Raises $1.1 million in Seed Funding

Fleeti, a Franco-Senegalese startup and fleet management solutions for Africa, has raised $1.1 million in seed investment from Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and several business angels. Founded in July 2020 by Iban Olcomendy and Gabriel Delerue. Fleeti brings a new dynamic to the fleet management sector in
Nov 30, 2021 2 min read
Algerian Logistics Startup, Yassir, raises $30m in Series A
Startup

Algerian Logistics Startup, Yassir, raises $30m in Series A

Algeria-based logistics and last-mile delivery startup, Yassir, has raised $30m in a Series A round led by WndrCo, DN Capital, Kismet Capital, Spike Ventures, and Quiet Capital. Endeavor Catalyst, FJ Labs, VentureSouq, Nellore Capital, Moving Capital (the Uber alumni investment club). Notable angel investors include Cleo Sham, former director of
Nov 29, 2021 1 min read
Nigerian Delivery Startup ShapShap Secures Funding From GreenTec
Startup

Nigerian Delivery Startup ShapShap Secures Funding From GreenTec

Nigerian fragmented logistics and delivery startup, ShapShap, has received an undisclosed investment sum from GreenTec Capital Partners, an Africa-focused venture capital firm. ShapShap was launched in 2019 by Khalil Halilu to provide an all-in-one platform designed to ease delivery for all stakeholders. The startup is currently involved in servicing logistics,
Nov 29, 2021 1 min read
Egyptian Legaltech Startup, Hekouky, Secures Pre-seed Funding from Nama Ventures
Startup

Egyptian Legaltech Startup, Hekouky, Secures Pre-seed Funding from Nama Ventures

Egyptian Legaltech platform that helps entrepreneurs and company owners form organizations and register trademarks Hekouky, has announced it raised an undisclosed amount in a pre-seed fundraising round led by Nama Ventures. Hekouky was founded in 2020 by Hala Riad, Mayy Abdelbary, and Fatima Khalil with the aim of digitalizing users’
Nov 26, 2021 1 min read
Nigerian fintech, OnePipe secures $3.5m in seed funding
Ope Adeoye

Nigerian fintech, OnePipe secures $3.5m in seed funding

Nigerian API infrastructure fintech startup, OnePipe, has secured $3.5m in seed funding. The seed round which is coming a year after OnePipe raised $950,000 in pre-seed funding, was led by Atlantica Ventures. Tribe Capital and V&R associates. Canaan Partners, Saison Capital, Norrsken, The Fund, and Two
Nov 25, 2021 2 min read
Nigerian B2B Retail Startup, Sabi, Raises $6m
Startup

Nigerian B2B Retail Startup, Sabi, Raises $6m

Nigeria-based B2B startup -a spinoff from Rensource (an African energy firm that provides consumers with power-as-a-service), Sabi, has announced it closed a $6m bridge deal led by CRE Ventures, a pan-African VC fund. Sabi spawned out of Rensource which has been led by Ademola Adesina and Anu Adasolum since its
Nov 25, 2021 2 min read
South African Endeavor Raises $8m To Fund Startups In South Africa
Startup

South African Endeavor Raises $8m To Fund Startups In South Africa

Endeavor South Africa, a community of high-impact entrepreneurs, has announced it raised $8m in its Harvest Fund II for South African startups. A statement released by the organization has said that the fund which has already invested in six technological startups, with four more in the pipeline, will be fully
Nov 25, 2021 2 min read
South African Fintech Firm, Crossfin, Acquired For $94.3m
Business

South African Fintech Firm, Crossfin, Acquired For $94.3m

South African Fintech startup Crossfin has been acquired by Ethos’ Mid-Market Fund I (EMMF I) and Patrice Motsepe’s African Rainbow Capital (ARC) in a deal worth $94.3m. The EMMF I and ARC consortium deal will provide the Crossfin with much-needed exposure in Fintech, and according to a statement
Nov 25, 2021 1 min read
Busha raises $4.2m seed funding to scale its crypto exchange platform
Blockchain

Busha raises $4.2m seed funding to scale its crypto exchange platform

Nigeria-based cryptocurrency exchange, Busha has raised $4.2 million in investment led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round. Busha which has been scaling its services across Nigeria since 2019 will now deploy the new
Nov 24, 2021 2 min read
South African Mobiz Secures $4m from South African VCs
Startup

South African Mobiz Secures $4m from South African VCs

South African e-Commerce startup integrating hyper-personalization into mobile marketing, Mobiz, has secured $4m from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech, and Endeavor’s Harvest Fund. The funding aims to propel the startup’s growth into the United States and increase its marketing, sales, and account management activities.
Nov 24, 2021 2 min read
Kenyan startups can apply for grants of up to $113k

Kenyan startups can apply for grants of up to $113k

The Federal Development Ministry (BMZ) has invited Kenyan startups to apply for grants of up to $113k from the second cohort of the develoPPP Ventures program. Recall that the develoPPP Ventures program was launched in the middle of the year on behalf of the German Federal Ministry of Economic Cooperation
Nov 24, 2021 1 min read
GCC based Venture Firm, VentureSouq, launches $50 million fund For MENAP Startups

GCC based Venture Firm, VentureSouq, launches $50 million fund For MENAP Startups

GCC-based venture capital firm VentureSouq (VSQ) announced the launch of its MENA FinTech Fund I, the region’s first sector-specific fund for startups across the Middle East & North Africa, and the Pakistan region (MENAP). The $50 million VentureSouq fund invests in early-stage startups with a primary focus on key
Nov 23, 2021 2 min read
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