Author: Fred Kennedy

Madica, a pre-seed investment programme dedicated to supporting early-stage startups in Africa, has announced a new $800,000 investment spread in four promising startups.

Egyptian social commerce platform Taager has successfully raised $6.75 million in a pre-Series B funding round to accelerate its growth within the Middle East and North Africa (MENA) region and enhance its technological capabilities.

Raenest, a global multi-currency accounts platform serving individuals and businesses across Africa, has successfully raised $11 million in Series A funding.

Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has provided a $500,000 working capital loan to Agriarche, a company focused on improving market access for smallholder farmers in Nigeria.

Early-stage venture capital firm P1 Ventures has successfully closed its first institutional fund, securing $50 million to invest in promising technology startups across Africa.

LNKO, a rapidly growing direct-to-consumer (D2C) eyewear brand, has secured a strategic equity investment from Beltone Venture Capital to drive its expansion across Africa.

Israeli blockchain infrastructure company StarkWare, valued at $8 billion, has unveiled a $4 million fund to foster the growth of early-stage blockchain startups in Africa.