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Category: New Investments
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Nigerian-Born Startup Moove Set to Become Africa’s Next Unicorn with $300 Million Equity Raise
Nigerian mobility fintech Moove is seeking to raise $300 million in equity funding, a move that could elevate its valuation beyond $1 billion, positioning it among Africa’s unicorn startups.
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CrossBoundary Access and ANKA Launch $20 Million Project to Bring Electricity to 62,000 People in Madagascar
CrossBoundary Access and ANKA have entered into a $20 million agreement to set up and manage a series of solar-powered mini-grids in Madagascar.
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Zero Carbon Charge Secures $5.6 Million to Expand Off-Grid EV Charging Network in South Africa
Zero Carbon Charge, a South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has received a R100 million (approximately US$5.6 million) equity investment from the Development Bank of Southern Africa (DBSA).
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Nigeria’s Yikodeen Raises $1.5 Million Investment from Aruwa Capital to Expand Safety Footwear Production
Nigerian safety footwear manufacturer Yikodeen has secured a $1.5 million investment from Aruwa Capital Management to enhance its production capabilities and broaden its market reach.
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Senegalese Health Tech Startup Kera Secures $10 Million Investment from IFC
Kera Health Platforms, a Senegal-based health technology startup, has secured a $10 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group.
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SA’s Nile Secures $11.3 Million to Help Digitize Agriculture and Empower Southern African Farmers
South African agri-tech startup Nile has secured $11.3 million in funding to expand its operations across Southern Africa.
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Tunisian Startup Kumulus Water Raises $3.5 Million in Seed Funding to Expand Air-to-Water Technology – Copy
Kumulus Water, a Tunisian-French startup specializing in atmospheric water generation, has raised $3.5 million in seed funding to scale its technology that transforms air into safe drinking water.
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Tunisian Startup Kumulus Water Raises $3.5 Million in Seed Funding to Expand Air-to-Water Technology
Kumulus Water, a Tunisian-French startup specializing in atmospheric water generation, has raised $3.5 million in seed funding to scale its technology that transforms air into safe drinking water.
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Wingu Africa Secures $60 Million to Expand Data Infrastructure and Boost Digital Growth in East Africa
Wingu Africa, a prominent data center operator in East Africa, has secured $60 million in funding from Rand Merchant Bank (RMB) to accelerate its expansion across the region.