Category: New Investments

Cartona, one of the leading B2B e-commerce platforms in Egypt, has successfully raised an additional $8.1 million in a Series A extension round, bringing the total Series A funding to $20.1 million.

The first half of 2024 marked a challenging period for African startups, with a substantial decline in total funding compared to H1 2023.

Arise IIP and Africa Finance Corporation (AFC) have joined forces to establish a $100 million fund dedicated to supporting African entrepreneurs.

Intron Health, a pioneering Nigerian health-tech startup, has successfully raised $1.6 million in a pre-seed funding round led by Microtraction.

Village Capital, a global nonprofit investor in early-stage companies, has announced investments in Kenyan startup Aquarech and Nigerian startup Coamana.

One Acre Fund, a social enterprise empowering smallholder farmers in East Africa, has secured a $1.4 million investment from Impact Bridge Asset Management.

Aruwa Capital Management, a leading early-stage growth equity fund, has announced a follow-on investment in AgroEknor, a prominent hibiscus flower exporter and wellness brand.

Dutch development finance institution FMO has announced a $10 million investment in the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA).

Fintech startup, Sycamore, has emerged as the grand winner of the second edition of the Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation, securing a $100,000 prize.