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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
Egyptian Fintech Startup, Hollydesk, Raises $325k Pre-seed Funding Round
Startup

Egyptian Fintech Startup, Hollydesk, Raises $325k Pre-seed Funding Round

Egyptian Fintech startup, Hollydesk, has announced it raised $325k in pre-seed funding round to further expand its services and solutions in new markets in the region. The round was led by angel investor Faisal Abdel Salam and other investors. Hollydesk is a Cairo-based Fintech startup launched in 2020 to manage
Nov 23, 2021 2 min read
Mecho Autotech announces funding from Ingressive Capital, Ventures Platform, others
Ingressive Capital

Mecho Autotech announces funding from Ingressive Capital, Ventures Platform, others

Nigerian startup Mecho Autotech has secured an undisclosed amount of funding from VC firm Ingressive Capital, Ventures Platform, Tekedia Capital Investment, and Mono’s CEO Abdul Hassan. The startup intends to use this new funding to improve the quality and reliability of its auto care services in Nigeria. Launched in
Nov 22, 2021 1 min read
Nigerian mobility startup, Treepz closes $2.8m seed, acquires Ugandan bus company, Ugabus
mobility

Nigerian mobility startup, Treepz closes $2.8m seed, acquires Ugandan bus company, Ugabus

Treepz, a Nigerian shared mobility startup has announced the close of its seed round at $2.8 million after about 3 months. The startup also announced its expansion to Uganda with the acquisition of Ugandan bus company, Ugabus. According to Treepz, Ugabus, which will be rebranded by Treepz Uganda on
Nov 22, 2021 2 min read
South Africa based VoxCroft secures $2M Series A Funding from Knife Capital
Startup

South Africa based VoxCroft secures $2M Series A Funding from Knife Capital

VoxCroft Analytics, a South African open-source intelligence startup, has secured a $2 million investment from Knife Capital. This investment will help accelerate its already rapid expansion in the United States and other foreign markets. VoxCroft has offices in South Africa and the United States, and a global network of more
Nov 19, 2021 2 min read
SA fintech startup, Paycode, secures funding from Investment One Financial Services Limited
Business

SA fintech startup, Paycode, secures funding from Investment One Financial Services Limited

South African fintech startup, Paycode, has secured an undisclosed investment from one of Nigeria’s leading financial services providers, Investment One Financial Services Limited (Investment One). This deal was made through its Venture Capital subsidiary, Investment One Vencap Limited. In a statement, Paycode said this latest investment will be used
Nov 18, 2021 2 min read
Egyptian Edtech startup Educatly raises $1m pre-seed round
Startup

Egyptian Edtech startup Educatly raises $1m pre-seed round

Egyptian Edtech startup Educatly has closed a $1m pre-seed funding round to help it build on strong early growth by further developing its product and scaling up marketing efforts. Enterprise Ireland, Falak Startups, and other angel investors all participated in the round. Educatly was founded by Mohamed ElSonbaty, Abdelrahman Ayman,
Nov 18, 2021 1 min read
2 Rwanda tech startups bank funding from Kigali-based Norrsken Foundation
Startup

2 Rwanda tech startups bank funding from Kigali-based Norrsken Foundation

Rwandan tech startups PesaChoice and Viebeg have raised undisclosed amounts of seed funds from the Kigali-based Norrsken Foundation. The Norrsken Foundation was founded by Niklas Adalberth in 2016; the firm aims at helping founders solve the world’s greatest challenges. The firm is now less than one month away from
Nov 18, 2021 1 min read
Togolese Mobility Startup, Gozem, Expands To Cameroon
mobility

Togolese Mobility Startup, Gozem, Expands To Cameroon

Africa-focused ride-hailing, logistics, and food delivery startup, Gozem, has announced it will be expanding to Cameroon. Gozem was created by Emeka Ajene in 2018. The startup offers users a suite of services, including motorcycle-taxi transport to car-taxi transport, e-commerce to delivery & logistics services, to various financial services. Gozem which
Nov 17, 2021 1 min read
South African fintech startup, Ozow bags $48m in a Series B round led by Tencent
Fintech

South African fintech startup, Ozow bags $48m in a Series B round led by Tencent

South African fintech startup, Ozow has announced the close of a $48 million Series B funding round to enhance its product offering and expand into new markets. Ozow’s $48 million Series B round is led by the Chinese internet giant, Tencent, and also includes Endeavor Catalyst and Endeavor Harvest
Nov 17, 2021 2 min read
South Africa’s AURA raises $4.7m Series A funding to expand its emergency service
Funding

South Africa’s AURA raises $4.7m Series A funding to expand its emergency service

South-African medical and security response platform, AURA, has raised $4.7m in a Series A funding round to scale its operations globally. The round was led by MultiChoice Group (MCG) with participation from KLT Holdings and Buffet Investments. Founded in 2016 by Warren Myers, Ryan Green and Adam Pantanowitz, AURA
Nov 17, 2021 2 min read
Shuttlers raises $1.6m seed funding to expand its shared mobility service
Funding

Shuttlers raises $1.6m seed funding to expand its shared mobility service

Shuttlers, a Nigerian tech-enabled shared mobility startup has raised $1.6 million in seed funding to scale its operations across cities in Africa. The investment round was led by Chicago and Africa-focused investment firm VestedWorld. Other investors that participated were Payment giant Interswitch, Rising Tide Africa, CcHub Syndicate, Launch Africa,
Nov 17, 2021 2 min read
Ugandan Startup, Zembo raise $3.4M from Toyota, DOB Equity and InfraCo Africa
Funding

Ugandan Startup, Zembo raise $3.4M from Toyota, DOB Equity and InfraCo Africa

Zembo, a French startup with operations in Uganda, has raised $3.4 million to help grow its electric motorcycle business in Kampala, Uganda. Mobility 54 Investment SAS, a corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO group, DOB Equity and InfraCo Africa all participated in the investment deal.
Nov 16, 2021 2 min read
Egypt’s Edtech Startup, Career 180 Secures $200k from EdVentures
Startup

Egypt’s Edtech Startup, Career 180 Secures $200k from EdVentures

Egyptian Edtech startup, Career 180, has announced it secured a $200k investment from EdVentures to provide Egyptian youths with employment and qualifying services across all job types. Career 180, founded in 2016 by Mohamed Akmal and Shorouk Alaa Eldin, helps children enhance their abilities to match the labor market through
Nov 16, 2021 1 min read
Nigerian health-tech startup, DrugStoc raises $4.4m Series A to expand its operations
Funding

Nigerian health-tech startup, DrugStoc raises $4.4m Series A to expand its operations

Nigerian drug distribution startup, DrugStoc has announced the raise of a $4.4m Series A funding to expand across Nigeria. The Series A round was led by Africa HealthCare Master Fund (AAIC) with participation from Vested World, a repeat investor, and the German Development Bank (DEG). Other private individuals also
Nov 16, 2021 3 min read
Nigerian Fintech, Aboki Africa raises Pre-seed capital
Startup

Nigerian Fintech, Aboki Africa raises Pre-seed capital

Nigerian money transfer startup, Aboki Africa, which aims to simplify the currency exchange process, has announced it closed its pre-seed funding round to help it expand its team and scale its product. The investment was led by Mono CEO Abdul Hassan, with capital also coming from Niche Capital Limited, Ingressive
Nov 16, 2021 1 min read
Ghana-based Telemedicine Startup, Africa Health Holdings, Raises $18m Series A
Startup

Ghana-based Telemedicine Startup, Africa Health Holdings, Raises $18m Series A

Ghana-based Healthtech startup Africa Health Holdings, with multiple hospitals and telemedicine services, has raised $18m in a Series A round. The round was led by Asia Pacific Land/Natural World Limited. While TRB Advisors, Breyer Capital, M3, Inc., Valiant Capital, Kepple Ventures, and SUNU Capital all participated in the investment
Nov 15, 2021 1 min read
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