Nigerian B2B marketplace startup Eze has raised $3.7m to revolutionize the African electronics market.
The funding round, led by Right Side Capital Management, attracted investments from C2 Ventures, Boro Capital, EVPI Investments, and several angel investors. Founded in 2020, the YC-backed startup aims to bridge the gap between the global technology landscape and African consumers by providing them with access to electronics at competitive prices.
With this substantial investment, the company intends to ramp up its operations, enhance its product offerings, and expand its reach across the continent. The company’s innovative business model leverages e-commerce platforms and localized retail outlets to reach consumers in both urban centres and remote areas.
Egypt-based climate-tech startup, NoorNation, has secured an undisclosed investment from KBW Ventures, a venture capital firm founded by Saudi Prince Khaled bin Alwaleed.
The strategic investment marks a significant milestone for GoSolr and paves the way for accelerated growth and expansion in the country’s clean energy landscape.
Norrsken22, an Africa-focused venture capital firm, has closed its first African technology growth fund at $205 million, surpassing its target of $200 million.
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