Category: New Investments

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.

BFREE, a Nigerian fintech company specializing in ethical credit management, has secured $2.95 million in funding to enhance its product suite.

South African AI-powered customer service platform Cue has raised $2 million in seed funding from angel investors.

Ride-hailing giant Uber is reportedly in talks to invest up to $100 million in Moove, a Nigerian vehicle financing platform, according to Bloomberg.

COTU Ventures, a Dubai-based early-stage venture capital (VC) firm, has secured $54 million for its first fund dedicated to backing promising startups in the Middle East and North Africa (MENA) region.

MoneyHash, a leading Egyptian fintech company, has secured $4.5 million in seed funding to bolster its payment technology and expand its reach across the Middle East and Africa (MEA) region.