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Three Egyptian Edtech startups close rounds from EdVentures

Three Egyptian Edtech startups close rounds from EdVentures

Three Egyptian startups, OBM Education, Super Fny, and Crafty Workshop have received an undisclosed amount of funds from EdVentures and The Academy of Scientific Research and Technology (ASRT). EdVentures is an Arabian venture capital firm with a focus on Education, Culture, and Innovative Learning Solutions, powered by the long successful

Africa and Tech 2021

Africa and Tech 2021

It’s slow, but it’s moving An article from theouut.com in March stated thus: In a world that continues to evolve, and fast, Africa is very quickly rising in the ranks of tech innovation and evolution. At the moment, Africa has a finger in every pie in the

Nigerian data visualization startup, Mustard Insights, raises capital

Nigerian data visualization startup, Mustard Insights, raises capital

In what can be described as a last-minute round, Nigerian data visualization startup, Mustard Insights has raised an undisclosed amount of capital in a pre-seed round of funding towards its goal of building Africa’s largest data repository. The round was led by Velocity Digital as well as other investors.

Kenyan Agritech startup, Apollo Agriculture, takes up US$ 9.5m Loan to Enhance Food Security Pact

Kenyan Agritech startup, Apollo Agriculture, takes up US$ 9.5m Loan to Enhance Food Security Pact

A Kenya-based technology firm that helps small-scale farmers increase their profitability, Apollo Agriculture, has agreed to take up a US$9.5 million loan from the US government-backed International Development Finance Corporation (DFC) for up to ten years. The DFC said the 10-year loan would assist to improve Kenya’s

South African Internet Provider, Isizwe, secures $450K from the Global Innovation Fund

South African Internet Provider, Isizwe, secures $450K from the Global Innovation Fund

The Johannesburg-based internet service provider that promotes access for minimal-income communities, Isizwe, has announced it secured a $450k investment from The Global Innovation Fund. GIF is offering this funding as part of ADVANCE, a collaboration with Anglo Americans that allows private investment to grow creative business models in support of

Uganda’s Tech-enabled Asset Finance Firm Tugende Secures $17m Funding

Uganda’s Tech-enabled Asset Finance Firm Tugende Secures $17m Funding

Ugandan fintech lender, Tugende, specializing in asset lending in Kenya and Uganda, has closed a $17m investment round. The funds raised will assist the organization in meeting client demand as well as supporting other technological advancements. The Nordic Microfinance Initiative (NMI) ($5m), Symbiotics ($6m), and the Lendahand crowdfunding site ($1m)

Nigerian edtech startup, Teesas, raises $1.6M pre-seed to expand across Africa

Nigerian edtech startup, Teesas, raises $1.6M pre-seed to expand across Africa

Teesas, a Nigerian Edtech startup has raised $1.6 million in a pre-seed funding round to expand its operations into new markets and also launch a marketplace that will connect learners with tutors for private lessons. The investment round was led by Haresh Aswani, Tolaram Group’s Africa managing director,

AfDB Invests in Janngo Start-up Fund to Boost Innovation Across Africa

AfDB Invests in Janngo Start-up Fund to Boost Innovation Across Africa

African social startup studio, Janngo Capital has announced the first close of its Start-Up Fund at $12 million (€10.5m). The pooled funds comprise $7.9 million (€7m) provided by the African Development Bank and a $3.9 million (€3.5m) contribution by the European Union and the Organization of

United States’ Aumet Acquires Egyptian Healthcare Supply Chain Solution Platform One

United States’ Aumet Acquires Egyptian Healthcare Supply Chain Solution Platform One

United States’ B2B healthcare marketplace serving the Middle East and North Africa, Aumet, has announced the acquisition of Platform One, an Egypt-based healthcare supply chain solutions startup, for an undisclosed amount. The acquisition will enable Platform One’s full operation across Saudi Arabia, the United Arab Emirates, Egypt, and Jordan,

Nigerian Edtech startup, Stranerd, launches P2P learning platform

Nigerian Edtech startup, Stranerd, launches P2P learning platform

Nigerian self-funded Edtech startup Stranerd has announced the launch of its peer-to-peer learning platform where students can ask and answer homework-related questions, with the service designed to give the smartest students opportunities to offer support to others who may be less skilled in particular subjects. Stranerd which began life as

Moroccan Real Estate Valuation Startup, Agenz, Secures $540k Seed Funding

Moroccan Real Estate Valuation Startup, Agenz, Secures $540k Seed Funding

Moroccan property valuation startup, Agenz, has raised $540K in a seed funding round less than a year after its launch to accelerate the rollout of Agenz across the country. This funding came from Azur Innovation Partners. AGENZ is a Casablanca-based startup launched by brothers, Malik Belkeziz and Badr Belkeziz to

Kenyan Fintech startup, Paylend, bags $2M Seed Investment

Kenyan Fintech startup, Paylend, bags $2M Seed Investment

Kenyan fintech startup, Paylend, announced Tuesday that it has secured $2 million seed investment from Next Chymia Consulting HK Limited, an Asian based company that provides blockchain applications, consultancy services and training to global entities. Founded in September 2019, Paylend is focused on providing access to finance and digitizing MSMEs

Kenyan Fintech Startup IMFact Secures $3.9m

Kenyan Fintech Startup IMFact Secures $3.9m

Kenyan fintech startup, IMFact, has announced it secured $3.9m from FSD Africa Investments (FSDAi), the investment arm of FSD Africa. IMFact is a non-deposit taking financial institution founded in 2019 by Cardano Development (CD), an Amsterdam-based incubator and fund manager, with funding from KfW on behalf of the German

South Africa’s Planet42 gets $30M for its car subscription service, led by Naspers

South Africa’s Planet42 gets $30M for its car subscription service, led by Naspers

Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. The investment — which co-founder and CEO Eerik Oja called a bridge round — is a prequel to a larger Series A round

SA based SweepSouth, acquires Egyptian home services startup, Filkhedma

SA based SweepSouth, acquires Egyptian home services startup, Filkhedma

SweepSouth, an online home services platform backed by Naspers, has announced the acquisition of Filkhedma, an Egyptian home services startup. Launched in 2014, SweepSouth is an online platform providing on-demand home cleaning services, operating across various South African cities. Filkhedma is Egypt’s home services marketplace operating across three cities

Koniku closes Series A round led by Nigeria's Platform Capital

Koniku closes Series A round led by Nigeria's Platform Capital

Koniku Inc., a Nigerian-founded, California-based biotech company, has announced the close of its Series A financing round led by Platform Capital Investment Partners, a Nigeria-based private equity firm. Founded in 2017 by Oshiorenoya Agabi, a Nigerian-born scientist who now runs the company’s team of engineers in Silicon Valley. Koniku’

Nigerian Mobility Startup, MAX, Raises $31m Series B Round

Nigerian Mobility Startup, MAX, Raises $31m Series B Round

Nigerian transportation tech business, Metro Africa Xpress Inc. (MAX), has raised $31m in a Series B fundraising round. The latest round of funding was headed by Lightrock, a global private equity platform that is making its first investment in the African mobility industry. Global Ventures, a UAE-based international venture capital

Egyptian AIM Technologies raises Seed round from Sequence Ventures

Egyptian AIM Technologies raises Seed round from Sequence Ventures

Cairo-based AI-based customer experience platform AIM Technologies has raised an undisclosed amount in a Seed round, led by Sequence Ventures, a newly-launched Egyptian VC. Sequence Ventures plans to raise $31.76m over the next three to five years, with the first tranche of $9.5m presently being raised. The funds

African Development Fund Grants $1.5M to Smart Africa Alliance for African Startups

African Development Fund Grants $1.5M to Smart Africa Alliance for African Startups

Smart Africa Alliance, an alliance of 32 African countries, international organizations, and global corporations with a vision to create a single digital market in Africa by 2030 has announced it received $1.5m grant funding from the African Development Bank Group to assess policy gaps in the digital trade and

Cameroon’s Mobility Startup, Bee Group, Lands New Funding

Cameroon’s Mobility Startup, Bee Group, Lands New Funding

Cameroonian mobility startup in motorcycle transport and product delivery, Bee Group, has secured funding of $90k to expand its program to improve mobility in Africa. Cameroon Angel Network (CAN) and Catalytic Africa, a new endowment fund established by African Business Angles Network (ABAN) led the round. Bee Group was launched

Ventures Platform launches a $40m fund for African Startups

Ventures Platform launches a $40m fund for African Startups

Ventures Platform announced a $40m fund for African tech startups. The new fund which has reached the first close is being led by the Nigeria Sovereign Investment Authority (NSIA). The round also saw participation from other experienced investors and some new leading names including UAC Nigeria, VFD Group, Gbenga Oyebode,

SafeBoda Receives Investment from Google’s Africa Investment Fund

SafeBoda Receives Investment from Google’s Africa Investment Fund

Ugandan super app and mobility provider, SafeBoda, has become the first startup to receive investment from Google’s Africa Investment Fund. The undisclosed funding came from the $50m Africa Investment Fund announced two months ago by Alphabet CEO Sundar Pichai. Targeted at early- and growth-stage startups on the continent, Google

Nigerian Solar Energy Startup, NXT Grid Secures $1.4million

Nigerian Solar Energy Startup, NXT Grid Secures $1.4million

Nigerian solar mini-grid provider, NXT Grid, has announced it has secured $1.4m from investors All On and Katapult Climate to expand its operations. This latest investment follows All On’s initial investment in 2020, which enabled the deployment of Nigeria’s first mini-grids. NXT Grid was founded in 2019

Kenyan Influencer Marketplace, Wowzi Raises $3.2m to Expand Across Africa

Kenyan Influencer Marketplace, Wowzi Raises $3.2m to Expand Across Africa

Kenyan influencer marketplace, Wowzi, has announced that it has raised a total of $3.2m in a seed funding round. The startup raised a $2m seed round led by 4DX Ventures. To.org, Golden Palm Investments, LoftyInc Capital, Afropreneur Angels, Future Africa, Andela co-founder Christina Sass and alumni Jessica Chervin,

Nigerian Edtech Platform, Edukoya, raises $3.5M Pre-seed fund

Nigerian Edtech Platform, Edukoya, raises $3.5M Pre-seed fund

Nigerian Edtech platform, Edukoya, an Africa-focused online learning platform, has raised $3.5m in a pre-seed round led by Target Global. The investment round also saw participation from angel investors including European and African founders such as Shola Akinlade – CEO and co-founder of Paystack (acquired by Stripe), Babs Ogundeyi and