Category: New Investments

South Africa car subscription startup Planet42 has secured $16 million (R300 million) in local currency debt and equity funding from Standard Bank.

TowerCo of Africa Uganda, a telecommunications infrastructure company, has secured $40 million in long-term financing to improve mobile phone network coverage in rural areas across the East African nation.

African women leading innovative healthcare startups are invited to apply for support from Villgro Africa, a healthcare-focused incubator and investor.

South Africa’s RecoMed, a leading digital healthcare marketplace, has secured a significant investment from Japanese pharmaceutical giant Eisai.

Moroccan startup Tookeez, a pioneer in leveraging blockchain technology to improve customer loyalty programs, has secured $1.5 million in funding.

Conducive Capital, a newly formed South African venture capital company, has unveiled a $50 million fund dedicated to fostering innovation across the African continent.

French venture capital firm Ring Capital has launched Ring Africa, a €50 million impact investment fund dedicated to supporting early-stage startups in French-speaking West Africa.

MDaaS Global, a Nigerian health-tech startup, has secured $3 million in pre-Series A funding to expand its network of diagnostic clinics and scale its proprietary technology platform, BeaconOS.

RemotePass, a leading UAE-based platform for managing remote workforces, has secured $5.5 million in Series A funding to expand to Africa.