Author: Fred Kennedy

FARO, a South African startup revolutionizing the fashion industry, has secured $6 million in funding to address textile waste and make fashion more affordable across Africa.

Purple Elephant Ventures (PEV), a venture studio based in Nairobi, has successfully raised $4.5 million in seed funding to drive innovation in Africa’s tourism sector.

Novastar Ventures has announced a $3.5 million investment in Sistema.bio, a Nairobi-based company pioneering renewable energy solutions for smallholder farmers.

Lemfi, a remittance platform catering to African immigrants across 22 countries, has announced raising $53 million in a Series B funding round.

South African SaaS startup The Awareness Company has successfully raised $1.6 million in seed funding to scale its marketing and sales efforts while advancing the AI capabilities of its flagship product.

Renew Capital has announced its investment in Power Financial Wellness, a fintech platform dedicated to enhancing financial management tools for workers across formal and informal sectors.

EdVentures, an Egyptian venture capital firm specializing in education technology, has announced six-figure investments in two Egyptian ed-tech startups—Schoolz and Ibn Sina Training Academy.

PBR Life Sciences, a healthcare data analytics company supported by Techstars, has successfully raised $1 million in pre-seed funding.

South African fintech and alternative funding provider Sourcefin has secured $8.2 million from Futuregrowth Asset Management.