Root, a Cape Town-based low-code insurance platform start-up, has closed a $3 million seed funding round to help expand its infrastructure build to support the digital insurance economy.
Primary backers
Educatly, an Egyptian EdTech platform that allows students to search, compare and apply to over+ 120,000 live and ongoing higher education opportunities worldwide, has secured $1 million in a
Casablanca-based B2B marketplace, Sle3ti, has raised $1.3m from the investment fund of the Richbond Group.
Sle3ti was launched in 2020 by Ayoub Harij, the startup allows retailers to order
RabbitMart, a Cairo-based e-grocery startup, has secured $11 million in pre-seed funding, signaling the largest ever pre-seed round in the Middle East and Sub-Saharan Africa region.
Investors in the round
Africa’s largest digital payments network, MFS Africa, has raised $100 million in a Series C equity and debt financing round.
The round was co-led by a new investor, AfricInvest
Oja, a Nigerian owned, London based eCommerce startup has announced the raise of a $3.4M pre-seed round to build an online supermarket that targets the UK’s growing cultural
African digital payment platform, Flutterwave, has announced its acquisition of Disha, a content creator platform for an undisclosed amount.
The acquisition represents Flutterwave’s first public acquisition since it was
Grindstone Ventures has announced the launch of a $6.5m (R100 million) female-led African venture capital fund dedicated to supporting South African technology startups who have completed or are part,
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
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
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
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
