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Egyptian Contech startup Elmawkaa raises six-figure Seed round
Startup

Egyptian Contech startup Elmawkaa raises six-figure Seed round

Cairo-based construction tech e-Commerce startup Elmawkaa has raised a six-figure Seed round led by Flat6labs and joined by a Group of Oqal angels from Saudi Arabia after joining 500 Startups in Misk second batch in 2019. Elmawkaa was founded in 2017 by the trio of Ebrahem Anwar, Mahmoud Habib, and
Oct 19, 2021 2 min read
Egypt B2B Marketplace Startup Talabeyah raises 7-figure pre-seed round
Startup

Egypt B2B Marketplace Startup Talabeyah raises 7-figure pre-seed round

Cairo-based food and grocery B2B e-commerce and distribution startup Talabeyah, has secured $1.1m in funding from a group of angel investors to help boost its strong early growth. Talabeyah was founded by Karim Nassef, Amr Abbas, Khaled Hussein, and Adel Hodroj in July 2020, to provide a tech-driven supply
Oct 19, 2021 1 min read
Flutterwave seeks to raise a new funding round to triple valuation
Funding

Flutterwave seeks to raise a new funding round to triple valuation

Flutterwave, an African fintech startup powering payment is seeking to raise a new funding round at a valuation of $3billion or more, according to Bloomberg. This new round is expected to triple its last valuation according to sources familiar with the matter. According to Bloomberg, the startup recently held discussions
Oct 15, 2021 1 min read
South African Healthtech Startup BioCODE secures $473k
Startup

South African Healthtech Startup BioCODE secures $473k

Stellenbosch University (SU) and Innovus startup that focuses on developing health and disease risk screening solutions, BioCODE, has secured $473k funding from University Technology Fund (UTF). BioCODE was launched in 2008 by Prof Resia Pretorius, Prof Anna-Mart Engelbrecht and Prof Willie Perold with the aim of commercializing a multiplexing system
Oct 15, 2021 2 min read
Emerging markets fintech financer, Lendable, seeks to raise $100M for African and Asian Startups
Startup

Emerging markets fintech financer, Lendable, seeks to raise $100M for African and Asian Startups

Lendable, an emerging markets fintech financier has revealed in a statement that it is planning to raise a $100 million fund to invest in African and Asian fintech companies. The new fund, which the firm dubbed the MSME Fintech Credit Fund will provide credit to African and Asian fintech companies
Oct 15, 2021 2 min read
Nigerian Fintech Startup Sparkle secures $3.1M Seed Round
Startup

Nigerian Fintech Startup Sparkle secures $3.1M Seed Round

Nigerian Fintech startup providing financial, lifestyle, and business support services to Nigerians across the globe Sparkle, has raised $3.1m in a seed funding round. The funding came from an all-Nigerian group of investors including Leadway Assurance, Trium Networks, and several Nigerian HNIs, bringing Sparkle’s total funding to $5.
Oct 14, 2021 2 min read
African Startups Can Benefit from President Macroon’s Digital Africa initiative Fund for African Startups

African Startups Can Benefit from President Macroon’s Digital Africa initiative Fund for African Startups

French President Emmanuel Macron has reaffirmed its position in the Digital Africa Initiative by pledging $150m as part of its commitment to support 500 African startups in line with the French Government’s Digital Africa Venture Capital Fund. Digital Africa Venture Capital Fund was launched in 2018 by President Emmanuel
Oct 14, 2021 2 min read
Eden Life secures $1.4M seed to provide home services to busy Africans
Eden Life

Eden Life secures $1.4M seed to provide home services to busy Africans

Africa’s foremost home services app, Eden Life, has completed a $1.4m seed round. The funding round was led by UK-based LocalGlobe. Other participants in the round include Future Africa, Samurai Incubate, Village Global, Rising Tide Africa, and Enza Capital. The funding round brings Eden Life’s total investment
Oct 13, 2021 3 min read
South Africa’s DigsConnect Secures $200k grant from Dell Foundation
Startup

South Africa’s DigsConnect Secures $200k grant from Dell Foundation

South African student housing platform DigsConnect has secured $200k in grant funding from Michael & Susan Dell Foundation to help university students from low-income backgrounds secure safe and affordable accommodation. Launched in 2017 by Alexandria Procter, Brendan Ardagh, Greg Keal, the DigsConnect platform enables landlords, estate agents, and property managers
Oct 13, 2021 1 min read
South African d6 Group closes an undisclosed funding round
Funding

South African d6 Group closes an undisclosed funding round

South African edtech startup, d6 Group has raised an undisclosed amount in investment funding from Knife Capital, Hlayisani Growth Fund Stellenbosch, and NuState Ventures. The cloud-based management and communication platform is reportedly the most widely used in Africa and plans to use the secured investment towards the international expansion of
Oct 13, 2021 1 min read
Egyptian e-Sport Startup GBarena closes Pre-Series A Funding
Startup

Egyptian e-Sport Startup GBarena closes Pre-Series A Funding

Cairo-based e-Sports and tournaments startup, GBarena, has announced it raised a six-figure Pre-Series A investment round. HIM Angles VC network, Ahmed Aboudoma, and Kushal Shah all participated in the round. Founded in 2015 by Samer Wagdy, Mustafa Zaza, and Bishoy Mesdary, GBarena helps gamers find local and global challenges, enabling
Oct 13, 2021 1 min read
Cameroon's Ejara raise $2M from Coinshares Ventures and Anthemis Group
Funding

Cameroon's Ejara raise $2M from Coinshares Ventures and Anthemis Group

Cameroon-based crypto investing startup, Ejara, has raised $2 million to help pioneer crypto usage and investing in the francophone region of Africa. The investment round was led by CoinShares Ventures and Anthemis Group. Other investors in the round include Mercy Corps Ventures, Ledger, and Blockworks, LoftyInc Capital, and NetX Fund.
Oct 13, 2021 2 min read
Sudanese Marketplace Platform alsoug secures $5M from Fawry
Startup

Sudanese Marketplace Platform alsoug secures $5M from Fawry

Sudan’s largest online classifieds platform and marketplace, alsoug, has announced it secured $5m from Egypt’s leading provider of e- payments solutions and digital banking services Fawry. alsoug was founded in 2016 by a world-class team of technology entrepreneurs, and has now grown to become Sudan’s leading consumer
Oct 12, 2021 2 min read
Tunisian Delivery Startup Lamma raises funding from Orange Ventures
Gaming

Tunisian Delivery Startup Lamma raises funding from Orange Ventures

Tunisia-based last-mile delivery Lamma has announced it secured an undisclosed amount from Orange Ventures, the Venture Capital Fund of the Orange Group. Lamma was founded by Hamza Guesmi and Koussi Aymen this year. The startup specializes in B2C delivery having recently launched its q-commerce app, offering delivery services in under
Oct 11, 2021 1 min read
Kenya-based Sanergy Secures $2.5m investment from Japan International Cooperation Agency
Startup

Kenya-based Sanergy Secures $2.5m investment from Japan International Cooperation Agency

Kenya-based waste management company Sanergy has announced it secured a $2.5m investment from Japan International Cooperation Agency. Founded in 2010, Sanergy generates fertilizer and other by-products by providing safe, affordable sanitation in the slums, the startup focuses on promoting the human rights of hygienic waste sanitation. Sanergy specializes in
Oct 11, 2021 1 min read
Nigerian Fintech Startup Mono Secures $15m Series A led by Tiger Global
Startup

Nigerian Fintech Startup Mono Secures $15m Series A led by Tiger Global

Nigeria-based financial data startup, Mono, has announced it raised $15m in a Series A funding round led by Tiger Global. Other participants in the round include Entree Capital, Lateral Capital, GPIC, Acuity VC, Ingressive Capital, Target Global, General Catalyst, and SBI Investment. Mono was founded in 2020 by Abdul Hassan
Oct 11, 2021 1 min read
V&A Waterfront Partners with FOMO App for Restaurant
Startup

V&A Waterfront Partners with FOMO App for Restaurant

South Africa’s leading Foodtech startup FOMO, a restaurant specials and events discovery platform has partnered with the V&A waterfront. The partnership aims to drive consumers back into the V&A by listing all available restaurants and events on the FOMO app. The V&A Waterfront
Oct 8, 2021 1 min read
TCERA is Changing the face of Emergency Healthcare in Nigeria
Startup

TCERA is Changing the face of Emergency Healthcare in Nigeria

Healthcare encompasses not only medical doctors and hospitals, but also dentistry, psychology, nursing, physical therapy, occupational therapy, and more. People rely upon an efficient healthcare system to help us maintain personal health through the treatment (or prevention) of illness, injury, disease, and other physical or mental impairments. But owing to
Oct 8, 2021 1 min read
Klasha raises $2.4 million seed funding to build technology for cross-border commerce
Funding

Klasha raises $2.4 million seed funding to build technology for cross-border commerce

Klasha, a San Francisco-based but Africa-focused cross-border fintech company, has announced the close of a $2.4 million seed fund round to build technology infrastructure for cross-border commerce in Africa. The funding round was led by Greycroft with participation from Seedcamp, Berrywood Capital, AVG Basecamp Fund, Practical VC, Plug and
Oct 8, 2021 2 min read
7 African Startups Selected for Inaugural Last Mile Money Accelerator

7 African Startups Selected for Inaugural Last Mile Money Accelerator

Seven African startups have been selected to take part in the inaugural cohort of the Last Mile Money Accelerator, a four-month program managed by IDEO and funded by the Bill & Melinda Gates Foundation. The Last Mile Money Accelerator aims to boost local Fintech startups with grant capital, world-class design
Oct 7, 2021 2 min read
Egyptian insurtech startup, Amenli closes $2.3 million Seed round
Funding

Egyptian insurtech startup, Amenli closes $2.3 million Seed round

The YC-backed startup, Amenli has announced a $2.3 million Seed round investment to scale its operations, expand its team, and provide insurance services for Egyptians. Several local and foreign firms invested in the round which was co-led by P1 Ventures, GFC, and Anim Fund (Founders Fund scout fund). While
Oct 7, 2021 1 min read
Ivorian Logistics Startup, Kamtar, Closes $3.5m
Startup

Ivorian Logistics Startup, Kamtar, Closes $3.5m

Ivorian digital logistics startup Kamtar have announced it raised $3.5m in a series A funding round as it moves to expand its Pan-Africa operations. Sendy Limited, Mobility 54 Investment SAS and Saviu Ventures all participated in the round. Kamtar is a major digital logistics startup established in 2018. The
Oct 6, 2021 1 min read
Teraworks, 3 other African startups bag $20k each at end of Future of Work accelerator
Funding

Teraworks, 3 other African startups bag $20k each at end of Future of Work accelerator

Four African startups have been shortlisted to receive US$20,000 in funding at the culmination of the first Future of Work Africa accelerator program run by Village Capital with support from IFC and Moody’s Foundation. These startups have been helping young people across Africa find jobs, build careers,
Oct 6, 2021 2 min read
DPI secures $900M Investment for Innovation-led African Startups

DPI secures $900M Investment for Innovation-led African Startups

Africa focused investment firm Development Partners International (DPI), has announced that African Development Partners III Fund (ADP III), has exceeded its $800m targets, and is set to hold a final close at $900m, with an additional $250m of dedicated co-investment capital. This final investment brings the firm’s total investment
Oct 6, 2021 2 min read
South African Proptech venture builder Castle One Secures Funding
Startup

South African Proptech venture builder Castle One Secures Funding

South African Proptech group Castle One has announced it received an undisclosed amount of funding from HL Hall and Sons Holdings. The startup speaking said the deal will unlock new, synergistic value for the benefit of the real estate industry, both locally and abroad. Castle One was launched by Jonothan
Oct 6, 2021 1 min read
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