Tag: Tech News
-
Egypt’s Flextock Raises $12.6 Million Series A to Scale E-Commerce Infrastructure
Egypt-based e-commerce enablement startup Flextock has secured $12.6 million in a Series A funding round as it looks to deepen its footprint in the Middle East and North Africa’s fast-growing online retail market.
-
Egypt’s Breadfast Secures $50 Million Pre-Series C Funding to Drive Expansion Across Africa
Egypt’s Breadfast, a Cairo-based e-commerce and quick-commerce platform, has raised $50 million in a pre-Series C funding round from a group of prominent regional and international investors as it gears up for broader expansion and a larger financing round expected in the first half of 2026.
-
IFC Proposes $5 Million Investment in Kenya’s Arc Ride to Support East Africa Expansion Plans
Kenyan clean-transport startup Arc Ride has secured a $5 million equity commitment from the International Finance Corporation (IFC), the private investment arm of the World Bank Group, to support its plans to expand across East Africa.
-
HAVAÍC Secures Over $30 Million for African Innovation Fund 3 After New Backing from E Squared Investments
Cape Town-based venture capital firm HAVAÍC has confirmed another fundraising milestone for its African Innovation Fund 3, bringing new capital commitments to more than $30 million as it works toward its $50 million target.
-
Terra Raises $22 Million Just One Month After Record $11.8 Million Round
Terra Industries, a defence technology company based in Nigeria, has secured an additional $22 million in funding, one month after closing an $11.8 million round, bringing its total investment haul to about $34 million.
-
IFC Discloses Proposed $8 Million Investment in Aruwa Capital Fund II
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is planning to invest up to $8 million in Aruwa Capital Fund II, a private equity fund targeting small and medium-sized enterprises (SMEs) in West Africa.
-
Delta40 Raises $20 Million to Expand Africa-Focused Venture Studio and Early-Stage Fund
Delta40, an Africa-focused venture builder, has successfully raised $20 million to expand its combined venture studio and early-stage investment fund, a financing round the firm says is the first institutional raise of its kind on the continent to merge hands-on company building with seed capital.
-
Phatisa Raises $86 Million in First Close to Scale Food Value Chain Businesses in Africa
Phatisa Food Fund 3, a new investment vehicle aimed at supporting food-related businesses across Africa, has successfully secured $86 million in initial commitments, marking the first major fundraising milestone since the fund’s launch.
-
South African Fintech Lula Raises $21 Million from FMO to Expand SME Lending Platform
South African fintech company Lula has secured a R340 million (about US$21 million) investment from the Dutch entrepreneurial development bank FMO to broaden its reach to small and medium-sized enterprises (SMEs) across the country.