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.
Noki Noki, a fast-growing Congolese logistics company specializing in food delivery and grocery shopping assistance, has secured $3 million in seed funding.
South Africa’s E4E Africa, a venture capital firm powered by entrepreneurs, has secured $30 million for the first close of its E4E Africa Fund II.
The European Investment Bank (EIB) has officially joined forces with the Africa Finance Corporation (AFC) in financing the $750 million Infrastructure Climate Resilient Fund (ICRF), a major initiative aimed at accelerating climate adaptation and sustainable infrastructure development across Africa.
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