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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.

Egypt-based e-commerce enablement startup Flextock has secured $12.6 million in a Series A funding round as it looks to deepen its footprint in the Middle East and North Africa’s fast-growing online retail market.

Africa Data Centres, a leading provider of data center services in Africa, has secured $108.9 million in funding to expand its capacity in South Africa.

The European Investment Bank (EIB) has invested €20 million in the Amethis Europe Expansion Fund, a new private equity initiative that will help European small and medium-sized enterprises (SMEs) grow their presence in Africa, Europe, and the Middle East.