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Tag: Startup News
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OPEC Fund Backs Africa’s Largest Onshore Wind Farm with $30 Million Investment
The OPEC Fund for International Development has pledged $30 million to support the Gulf of Suez Wind Farm in Egypt, poised to become Africa’s largest onshore wind energy project.
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Nigeria’s SeamlessHR Secures $9 Million in Series-A Extension to Accelerate African Expansion
SeamlessHR, a Nigerian-based HR technology company, has successfully raised $9 million in a Series-A extension round, TechCabal reports.
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PowerGen Partners with PIDG, IFU, EDFI, and AfDB to Launch Renewable Energy Platform in Africa
PowerGen Renewable Energy (PowerGen) has announced a groundbreaking partnership with leading international investors to establish a scalable platform for distributed renewable energy solutions across Africa.
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South African Startup FARO Secures $6 Million to Tackle Textile Waste and Expand Affordable Fashion
FARO, a South African startup revolutionizing the fashion industry, has secured $6 million in funding to address textile waste and make fashion more affordable across Africa.
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Purple Elephant Ventures Secures $4.5 Million to Drive Innovation in Africa’s Tourism Sector
Purple Elephant Ventures (PEV), a venture studio based in Nairobi, has successfully raised $4.5 million in seed funding to drive innovation in Africa’s tourism sector.
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Novastar Ventures Invests $3.5 Million in Sistema.bio to Expand Renewable Energy Solutions for African Farmers
Novastar Ventures has announced a $3.5 million investment in Sistema.bio, a Nairobi-based company pioneering renewable energy solutions for smallholder farmers.
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Nigerian Fintech Lemfi Secures $53 Million Series B Funding to Drive European Expansion
Lemfi, a remittance platform catering to African immigrants across 22 countries, has announced raising $53 million in a Series B funding round.
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SA’s The Awareness Company Secures $1.6M Seed Funding to Enhance AI and Expand Market Reach
South African SaaS startup The Awareness Company has successfully raised $1.6 million in seed funding to scale its marketing and sales efforts while advancing the AI capabilities of its flagship product.
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Renew Capital Invests in Power Financial Wellness to Boost Financial Health for Workers in Africa
Renew Capital has announced its investment in Power Financial Wellness, a fintech platform dedicated to enhancing financial management tools for workers across formal and informal sectors.