Tag: Tech News
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Launch Africa Ventures Expands African Startup Portfolio with 15 New Investments in 2026
Launch Africa Ventures has completed 15 new startup investments in 2026, reinforcing its position as one of Africa’s most active early-stage venture capital investors at a time when first-time funding for startups remains under pressure.
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Codar Raises $1.5 Million to Expand AI and Digital Skills Training Across Africa
Codar, an African edtech company backed by KWE4 Africa Venture Studio, has secured USD 1.5 million in a funding round that will accelerate the expansion of its AI and digital skills training programs across the continent.
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Knife Capital and FAM Investments Co-Lead US$5 Million Investment in AI Startup Cue
AI-powered customer service software company Cue has secured a US$5 million primary funding round co-led by South African venture capital firm Knife Capital and FAM Investments.
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Maia Capital Invests $9 Million in Nesa Power to Expand South Africa’s Commercial Solar Market
Maia Capital Partners has committed R150 million (US$9.12 million) in mezzanine debt financing to South African renewable energy company Nesa Power, providing growth capital to expand its commercial and industrial (C&I) solar business and increase its portfolio of long-term power purchase agreements (PPAs).
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Catalyst Fund Reaches $30 Million Second Close to Scale Climate Tech Startups Across Africa
Catalyst Fund has completed the second close of its debut pan-African climate venture capital fund, bringing total commitments to $30 million as it expands backing for early-stage startups developing climate resilience solutions across Africa.
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Convergence Partners Eyes $20 Million Investment in Anzana to Expand Energy Infrastructure Across Africa
Convergence Partners Energy Finance (CPEF) has agreed indicative terms for a proposed $20 million structured capital investment in Anzana Electric Group, a move aimed at accelerating the expansion of hydropower and electricity distribution infrastructure across Africa.
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Spiro Secures $55 Million Investment From NewTrails Capital, Bringing Total Funding Round to $270 Million
African electric mobility company Spiro has secured a fresh $55 million investment from Chinese growth-stage investment firm NewTrails Capital, taking the value of its latest funding round to $270 million.
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Mercy Corps Ventures Invests in Logidoo to Expand Cross-Border Logistics Across Francophone Africa
Mercy Corps Ventures has invested in Logidoo, a technology-driven logistics platform focused on improving the movement of goods across French-speaking North and West Africa.
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IFC, AfDB and Partners Launch $176 Million Zafiri Platform, Appoint Inspired Evolution as Manager
A coalition of development finance institutions, philanthropic organizations, and private-sector investors has commercially launched Zafiri, a $176 million blended-finance platform designed to expand electricity access across sub-Saharan Africa through long-term investment in distributed renewable energy businesses.