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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.

Egyptian startup enza has secured $6.75 million in seed funding to expand its digital payment services across Africa.

New GX Capital has revealed that Nedbank’s Corporate and Investment Banking arm has pledged $28 million to the firm’s Airnergize Capital Fund I, pushing total committed capital to $161 million as the fund nears its $200 million target.

Nigerian edtech startup AltSchool Africa has launched a new initiative to help Africans access artificial intelligence (AI) education.