Category: New Investments

Yellow Card, a leading fintech company in Africa, has raised $33 million in a Series C funding round aimed at enhancing its operations and driving expansion across the continent.

Kenyan startup Octavia Carbon has successfully raised $5 million in seed funding to advance its innovative direct air capture (DAC) technology, which aims to remove carbon dioxide (CO2) from the atmosphere using geothermal resources, particularly waste heat.

Egypt-based micromobility startup Rabbit Mobility has successfully secured $1.3 million in a fresh investment round aimed at accelerating its expansion across Egypt and North Africa.

The International Finance Corporation (IFC) has committed up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund, a $200 million initiative aimed at improving energy access in underserved regions of Sub-Saharan Africa.

Waribei, a fintech startup based in Ivory Coast, has successfully secured €750,000 ($820,462) in pre-seed funding to advance its innovative inventory financing solution designed for small traders across Africa.

AfricInvest, a prominent pan-African investment platform, has successfully closed its Transform Health Fund (THF) at $111 million, surpassing its original target.

Bpifrance, the largest venture capital (VC) firm in France, has recently expanded its footprint into Egypt as part of its broader strategy to penetrate the Africa and Middle East (AME) regions.

Equator Africa, a venture capital firm, has secured an additional $5 million from the International Finance Corporation (IFC) to support businesses and foster innovation within Africa’s climate tech sector.

A consortium of leading institutions, including the SA SME Fund, the Department of Science and Innovation (DSI), the Technology Innovation Agency (TIA), and E Squared Investments, has launched a R300 million (approximately $17 million) seed fund aimed at supporting tech startups in South Africa.