Category: New Investments

Nigerian automotive startup Mecho Autotech has raised $2.4 million in pre-Series A funding to expand into wholesale spare parts distribution.

Ugandan agritech startup Emata has secured $2.4 million in seed funding to expand its agri-loan offerings across East Africa.

Lipa Later, a Kenyan fintech startup that provides buy now, pay later (BNPL) financing solutions, has secured $5 million in debt funding.

Wetility, a South African startup that offers solar energy solutions for households and businesses, has raised R903 million (~$48 million) in debt and equity.

Rentoza, a South African online subscription platform that allows users to rent electronics, furniture, and other home goods, has secured $6 million in funding.

FSD Africa Investments (FSDAi), the investment arm of FSD Africa, has made a significant financial commitment of $19.5 million towards climate adaptation and climate-aligned infrastructure projects across Africa.

Sehatech, an Egyptian health insurance startup that uses technology to automate medical approvals, claims processing, and billing, has raised $850k in funding.

Okra, a solar technology company bringing solar power to grids in developing areas, has raised $12 million in Series A funding.

The Catalyst Fund, a pre-seed venture capital fund and accelerator focused on driving climate resilience innovation in Africa, today announced the successful first closing of its $40 million fund.