Tag: Startup News

French development finance institution Proparco and South African investment manager 27four have announced a joint investment of R550 million (USD 28.7 million) in Divercity Urban Property Group.

Ghanaian agritech trailblazer 3Farmate Robotics has secured an undisclosed amount in angel investment to fuel the expansion of its precision AI-powered electric robots.

Women-focused investment fund, Wic Capital, has secured a $1 million loan from a prominent UK investor, FSDAi Nyala Facility.

Nigerian fintech startup Bujeti has secured $2 million in seed funding to scale its all-in-one corporate card issuance and expense management platform.

Tappi, a rapidly growing digital commerce platform for small and medium-sized businesses (SMEs) in Africa, has secured $1.5 million in a pre-seed funding round.

Egyptian online auto parts marketplace Mtor has secured $2.8 million in pre-seed funding, led by venture capital firm Algebra Ventures, with participation from notable investors, including Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital Management, and several prominent local and global angel investors.

BasiGo, a Kenyan electric bus company operating in Kenya and Rwanda, has announced a $5 million debt financing agreement with British International Investment (BII), the UK’s development finance institution and impact investor.

The startup funding landscape in Africa in 2023 was a mixed bag of encouraging growth and cautious optimism amidst global economic headwinds.

Tunisian team collaboration startup Cynoia has announced a significant funding milestone, securing $930,000 to fuel its expansion into the West African Economic and Monetary Union (UEMOA), focusing on Senegal and Ivory Coast.