Category: New Investments

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.

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).