AU-Startups @AU_Startups

There were four funding rounds in the African tech startup ecosystem last week. Most notably, Agri-insurance company Pula secured $20 Million in its series B funding round. B2B ecommerce platform provider, Folklore also secured seed funding of $3.4 Million while Mozambique’s…

Last week we recorded four funding deals in the African startup ecosystem. Kenya's health-focused startup, Hewatele, secured $20 million to improve its medical oxygen production facilities. SunCulture, also raised $27 Million to further scale its IoT-enabled solar energy systems.…

Last week, there was an unprecedented lull in funding activities across the African startup ecosystem. Only one startup, Burn Manufacturing, made the news for securing funding. In other news, health tech startup, Rivia, has acquired SaaS provider, Waffle, for an undisclosed…

There weren’t many activities on the African funding scene last week as only four startups secured funds during the period. BasiGo, Sprints, and Zeepay each secured $3m while South African Right Now Response raised $634,000 from HAVAIC. Ghanaian Fintech Zeepay Receives USD 3 M…

We recorded six funding deals in the African startup ecosystem last week one of which was the most impressive deal recorded in Africa in months. It featured Moove, a mobility fintech company raising $100 million in its series B funding round. Elsewhere, Float also raised a…

Similar to the previous couple of weeks, we only recorded 3 funding deals in the African startup ecosystem last week. South African healthtech, RecoMed secured an undisclosed amount from Japanese pharmaceutical company, Eisei. Elsewhere, Moroccan startup, Tookeez obtained $1.5…

International Women’s Day is set apart to celebrate all women globally for their remarkable efforts and contributions to improving the world. This year’s IWD theme is “Inspire Inclusion.” It is a call to encourage increased women’s acceptance in traditionally male-dominated…

We recorded three funding deals in the African startup ecosystem last week. Egyptian payment operating system provider, MoneyHash secured $4.5 million in seed funding, CRM solution provider, Cue, also obtained $2 million in seed funding while portfolio management solution…

Last week, we recorded only three funding activities which marks the lowest number recorded in a week so far this year. During the week, Energy-focused startups, Hohms Energy and Arnergy raised $ 8 million and $ 3 million respectively while Mamamoni secured $270k to improve its…

Last week, we witnessed a number of deals in the African startup ecosystem. Most remarkably, East African electric vehicle manufacturer, Roam, secured $24 million in debt and equity financing, similarly, Ilara Health also raised $4.2 million in Pre-Series A debt and equity…

We witnessed six funding deals in the African startup ecosystem last week. Nigerian Edtech, Klas, remarkably raised a pre-seed funding of $1 Million. Ghanaian tech talent startup, Remoteli, also secured $315,000 from pro footballer, Jeremie Frimpong, to scale their operations and…

Africa boasts of a thriving startup ecosystem that has birthed some of the world's most impressive innovative solutions providers. However, it also has a rather ugly side which is not very visible to the average onlooker within or outside the Ecosystem -- Africa has one of the…

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The African startup ecosystem had a moderate pace of events last week which featured only five funding deals. Of the five deals, the details of two involving Viebeg Medical and Carry1st were kept under wraps. Elsewhere, OfferZen raised $4.3m, Roboost secured $3m while South…

Last week, the African startup ecosystem witnessed eight funding deals, with Apollo Agriculture’s $10 million debt and equity round being the most significant. Other notable fundraising deals include InspiraFarms raising EUR 1 million, DXwand with $4m, and Creole with $1.42m. The…

Are you a startup founder, innovator, or entrepreneur interested in connecting and networking with people and businesses in the same space? Then, the Step Conference 2024 is the right place to be this coming February. Step into the tech ecosystem and make meaningful connections…

Continuing the trend from the first two weeks of January, last week saw multiple big-money investments in the African startup ecosystem. The biggest funding activity involved Watu Credit securing $ 15 million from Gateway Partners, Ezdehar invested $10 million in Egyptian health…

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What a way to start the new year! Only two weeks into 2024 and we have already witnessed several interesting startup funding deals in the African Ecosystem. While the details of many of these investments aren’t public information yet, it’s interesting to know that we are off to a…