Tag: Startup News

Scalar International and Mergence Investment Managers have launched a new $150 million private equity fund to support clean energy and digital infrastructure projects in the region.

South African payments company Stitch has raised $55 million in its latest Series B funding round, pushing its total funding to $107 million.

Development Partners International (DPI), a major private equity investor, has raiseda new venture capital platform aimed at supporting technology startups across Africa.

FSD Africa Investments (FSDAi), a UK-backed development finance investor, has announced a $12.5 million investment into the ARM-Harith Climate and Transition Infrastructure Fund (ACT Fund) to attract more local capital into climate-related infrastructure projects across Nigeria.

Nigerian clean energy company Arnergy has secured $15 million in new Series B funding, bringing its total for the round to $18 million following a $3 million raise in 2023.

Rabbit, a fast-growing quick commerce startup from Egypt, has officially entered the Saudi Arabian market and opened its regional headquarters in Riyadh.

New GX Capital and RMB Ventures have introduced the Airnergize Capital Fund I with an initial commitment of approximately $120 million.

Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.

The ECOWAS Bank for Investment and Development (EBID) has approved new funding worth €230 million and $10 million to support infrastructure projects and private sector development across West Africa.