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Kenyan agritech Victory Farms has raised $35 million in Series B funding to finance its expansion plans.
Creadev led the Series B round, with participation from the Acumen Resilient Agriculture Fund (ARAF), DOB Equity, Endeavor Catalyst Fund, and Hesabu Capital. Founded in 2015, Victory Farms leverages innovative technologies to bring together the best aquaculture practices from around the globe to tackle the challenges of; rapidly declining wild fish catch in Lake Victoria, rising populations and undernourishment. The startup is on a mission to build a commercial tilapia farm to feed 2 billion Africans with affordable, accessible and healthy protein over the next two decades. Victory Farms intends to invest the funding to finance the expansion of its operations in Kenya and Rwanda and potential entry into Ethiopia, Uganda, and Tanzania.

Zeeh Africa secured the funding from Tekedia Capital, a firm investing in mainly technology-anchored companies operating in any industry, including finance.

Uganda’s Agent Banking Company (ABC) has received a significant investment from Goodwell Investments, a Netherlands-based impact investor. This marks Goodwell’s entry into Uganda’s financial inclusion sector.

Nigerian edtech startup Klas has raised $1 million in pre-seed funding to fuel its mission of making online education accessible and empowering content creators worldwide.