Category: New Investments

ClusterLab, a Tunisian-born artificial intelligence (AI) startup headquartered in the United Arab Emirates (UAE), has secured $600,000 in a pre-seed funding round.

Kenyan insurtech startup mTek has raised $1.25 million in a funding round led by Verod-Kepple Africa Ventures and Founders Factory Africa.

South African financial technology (fintech) company Float has secured a $11 million funding facility from Standard Bank.

P1 Ventures, a seed-stage venture capital firm focused on Africa, has secured $35 million in its second fund, bringing it closer to its $50 million target.

Pan-African mobility fintech startup Moove has secured $100 million in a Series B funding round, valuing the company at $750 million.

Egyptian ad-tech startup dKilo has raised $3.2 million in seed funding to develop new methods for brands to reach consumers and expand into the Saudi Arabian market.

Zone, a leading African payment infrastructure company, has secured $8.5 million in a seed funding round exceeding expectations.

Egyptian healthtech startup 30Med has secured pre-seed funding from undisclosed angel investors.

Moroccan startup ORA Technologies, known for its super app offering various services, has secured $1.5 million in seed funding from local investors.