Category: New Investments

Egyptian software-as-a-service (SaaS) startup Qme has raised $3 million in seed funding, with AHOY, a deep-technology company, leading the investment round.

The Tony Elumelu Foundation (TEF), a leading philanthropic organization dedicated to empowering young entrepreneurs in Africa, has entered into a $6 million strategic partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation.

The European Investment Bank (EIB) has announced a €15 million investment in the newly established I&P Afrique Entrepreneurs 3 (IPAE 3) fund, managed by Investisseurs & Partenaires.

Madica, a pre-seed investment programme dedicated to supporting early-stage startups in Africa, has announced a new $800,000 investment spread in four promising startups.

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.