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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.

Cape Town-based health technology company, AI Diagnostics, has secured ZAR85 million (about US$5.2 million) in new funding to expand the reach of its artificial intelligence-driven tools aimed at improving tuberculosis (TB) detection.

The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital, has received a $45 million investment from Dutch development bank FMO, with co-funding from its asset management arm, FMO Investment Management (FMO IM).

South African AI-powered customer service platform Cue has raised $2 million in seed funding from angel investors.