Kenyan African ecosystem’s end-to-end fundraising startup, Raise, has secured undisclosed funding from San Francisco-based firm, Carta.
Founded in 2018, Raise is on a mission to help African startups to manage equity, seed rounds, legal compliance, and close deals faster. Raise’s platform is designed to simplify cap table management for startups and companies operating within the African ecosystem by providing a comprehensive solution for managing shareholding structures before and after fundraising.
This allows businesses to focus on growth and building a successful future. Carta’s investment in Raise underscores the immense potential of the African fundraising ecosystem. The capital injection will fuel Raise’s technological advancements, enhancing the platform’s capabilities and enabling it to serve its users better. By combining their expertise and resources, Raise and Carta aim to unlock new opportunities, foster sustainable growth, and amplify the impact of social initiatives across the region.
FrontEdge, a Nigerian fintech startup based in Lagos, has successfully raised $10 million in a seed round of funding, with over 70% of the capital contributed through debt financing.
Egyptian logistics startup Bosta is gearing up for further expansion after securing a fresh investment from Axian Group, a pan-African group and investment firm.
Coca-Cola has announced plans to invest $1 billion in its Nigerian operations over the next five years.
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