Category: New Investments

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.

Ivorian fintech startup Cauridor has secured $3.5 million in seed funding to enhance its payment infrastructure, support expansion efforts, and strengthen its presence in new markets.

Egyptian fintech company Khazna has successfully raised $16 million in a pre-Series B funding round to strengthen its presence in Egypt and expand operations into Saudi Arabia.

Flat6Labs, a leading venture capital firm and startup accelerator in the MENA region, is set to receive a proposed equity investment of up to $6 million in its newly launched fund from the International Finance Corporation (IFC).

Cairo-based venture capital firm Foundation Ventures has announced the first close of its new $25 million fund, FVFII, marking a significant step toward strengthening Egypt’s entrepreneurial ecosystem.

Sweden’s development finance institution, Swedfund, has pledged €40 million to improve infrastructure in Africa, the Levant, and South and Southeast Asia.

Egyptian skills development startup Eyouth has announced a significant partnership with global education consultancy EDT&Partners, launching a $6 million initiative to equip one million young people across Africa and the Middle East with essential digital skills.