Investment News Archives - Page 127 of 149

SA’s Inclusivity Solutions Secures $1.5 Million Series A Extension Round to Fuel Pan-African Expansion

Nov 5, 2023

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South African insurtech startup Inclusivity Solutions has announced the closing of a $1.5 million Series A extension round led by impact investment firm Goodwell Investments.

Norrsken22 Closes $205 Million Fund From More Than 30 Investors to Back Growth-Stage African Startups

Nov 4, 2023

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in New Investments

Norrsken22, an Africa-focused venture capital firm, has closed its first African technology growth fund at $205 million, surpassing its target of $200 million.

AFEX Raises $26.5 Million From British International Investment to Boost Africa’s Agricultural Sector

Nov 3, 2023

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in New Investments

AFEX, a Nigeria-based commodities platform, has raised $26.5 million in funding from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.

SBI Holdings Commits $80M to Fuel African Startups Through New Partnership With Novastar Ventures

Nov 3, 2023

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in New Investments

Japanese VC firm SBI Holdings and Africa’s Novastar Ventures have announced a strategic partnership, with SBI Holdings committing $40 million to anchor Novastar’s future funds.

BluePeak Private Capital Raises $156 Million to Support Growth of African Businesses

Nov 2, 2023

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in New Investments

BluePeak Private Capital, a private capital firm focused on supporting the growth of scalable businesses in Africa, has reached a final close of its Private Capital Fund SCSp at $156 million.

Egyptian Healthtech Almouneer Raises $3.6 Million to Scale Diabetes Management App

Nov 2, 2023

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in New Investments

Egyptian healthtech startup Almouneer has raised $3.6 million in seed funding to develop and scale its DRU app, a platform for lifestyle and diabetes management.

Moroccan Super-App ORA Technologies Raises $1 Million in Pre-Seed Funding

Nov 2, 2023

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in New Investments

ORA Technologies, a Moroccan super-app, has raised $1 million in pre-seed funding from local private investors.

EAIF Launches West Africa’s First Ever Social Asset-Backed Security, Targets 100% Electrification in Côte d’Ivoire

Oct 31, 2023

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in Key developments

The Emerging Africa Infrastructure Fund (EAIF) has committed up to XOF 30 billion (equivalent to USD ~ 48 million) to launch West Africa’s first-ever social asset-backed security.