The Empower Africa Business Platform is Now Live !!!
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.
Kenyan health-tech startup Ilara Health has raised $4.2 million in a pre-Series A funding round, fueled by both debt and equity investments.
Francophone-focused fintech startup HUB2 has raised €8 million (US$8.4 million) in a Series A funding round to scale its seamless and secure platform that unifies national and cross-border financial services across various payment methods.
The funding round was led by Chui Ventures, with participation from Launch Africa Ventures, Roselake Ventures, and Logos Ventures.