Rwandan health-tech startup VIEBEG Technologies has secured $1m in funding from the Rwanda Innovation Fund (RIF), managed by Angaza Capital. VIEBEG is a health tech startup founded in 2018 by Tobias Reiter (Chief Executive Officer) and Alex Musyoka (Chief Commercial Officer). The startup provides high-quality medical supplies and equipment through

Egypt-based furniture e-commerce startup Efreshli has announced it raised $550k in a seed funding round to help it build on strong early growth. Angel investor Tarek Sakr led the round and property developer Marakez and other investors also participated in the round. Founded in early 2019 by Heba El-Gabaly, Efreshli

South African online advertising solution startup, Adbot, has announced it secured $500k capital funding from Enygma Ventures to help it expand its user base. Adbot was launched in 2019 to support the growth of SMEs by empowering small business owners with simple and supportive tools to access new markets. Adbot

Egyptian Edtech startup OTO has announced it secured $400k from Egypt and the Arab world; EdVentures. OTO was founded in 2015 by Ahmed Badr and Tarek Nour, to bridge the gap between traditional education and what the market needs. The platform has been able to provide distant educational services through

Nigerian Blockchain-based Wi-Fi sharing startup Wicrypt has announced closing a strategic $1.5m funding. The round, led by AU21 Capital, is expected to help the Enugu-based enterprise expand into new countries. Polygon founder Sandeep Nailwal, Cardano’s Occam, Inclusion Capital, Outlier Ventures, Chain Capital, Pluto Digital Assets, Onega Ventures, N7

Nigerian bicycle community delivery startup Errand360, has raised an undisclosed amount of pre-seed funding to expand across Africa. The round was led by Prof Ndubuisi Ekekwe of Tekedia Capital. Errand360 launched by Adele Adetola earlier this year has used its fleet of bicycles to serve users with a variety of

Estonian Edtech startup, Mentornaut, has announced it secured a $230k investment round led by the Estonian Business Angels Network EstBAN. The startup also announced it will be launching its service in Kenya to increase inclusion in personalized education. Mentornaut counts Super angel, Martin Villig, IT-visionary Linnar Viik, and Clanbeat co-founder

Cairo-based B2B e-commerce startup Capiter has announced the opening of its new office in Dubai, UAE. Capiter was launched in July 2020 by serial entrepreneurs Mahmoud Nouh (co-founder of mobility startup Swvl) and Ahmed Nouh. The startup is a B2B marketplace that brings together manufacturers, brands, FMCGs, wholesalers, and retailers

Nigerian Fintech startup E-Settlement has acquired the Ivory Coast-based QuickCash to help its West African expansion. E-Settlement was established in 2017 by Olaoluwa Awojoodu to provide financial services to different target markets through its platforms, placing itself at the forefront of innovative, easy-to-use, affordable, secure, and inclusive payment solutions for

Cairo-based leading venture capital firm supporting entrepreneurs in the Mena region, A15, has announced it is the first investor in one of Egypt’s latest startups to successfully launch, Sympl – an Egyptian Fintech startup. Sympl was co-founded by Mohamed El-Feky (CEO), Yasmine Mohmed Henna (CCO), and Karim Tawfik (CTO) in

Egypt-based Grocery Delivery Startup Appetito has raised $2m in pre-Series A round, led by Jedar Capital. Golden Palm investments, DFS Lab, and a cluster of regional angel investors and family offices also participated in the round. Appetito was launched in March 2020 by Shehab Mokhtar to store products for businesses

Y Combinator-backed Nigerian Fintech startup Lemonade Finance has raised a $725k pre-seed funding round to help it scale. The pre-seed round was spearheaded by Y Combinator. Other investors in the round are Microtraction, Ventures Platform, and Acuity Venture Partners. Several individual investors also took part. Lemonade Finance was cofounded by

South African API fintech startup Stitch has announced expansion into Nigeria, as well as a $2M seed extension bringing their total seed funding to $6M. Participating investors in the round include founders of Monzo, GoCardless, ComplyAdvantage, and President of Coinbase, who join existing backers Raba, firstminute capital, CRE, Village Global,

Cairo-based e-Commerce fulfillment startup ShipBlu has announced it raised $2.4m in venture funding. The funding was led by Nama Ventures, a MENA-focused venture capital firm. The likes of 1984 Ventures, Orange Ventures, Orange Telecom’s venture capital arm, Starling Ventures, and other VC firms and angel investors also participated

Egypt-based B2B marketplace, Kuzlo, has announced it raised an undisclosed amount of pre-Seed investment. The funding round was led by Nama Ventures, and Kuzlo seeks to push its products and services with this new funding. Kuzlo was established in 2021 by Ayman, Tarek, Bassem, and Gebril. Kuzlo’s business-to-business (B2B)