Swedfund backs TLG fund with $15 million to strengthen SMEs

Swedfund has invested $15 million in the TLG Africa Growth Impact Fund II to help bridge Africa’s SME financing gap. The fund targets job creation and economic recovery for small and medium-sized businesses, working alongside global partners.

Yango Group launches $20 Million Venture Fund to empower African startups

Yango Group, a global tech company, has introduced Yango Ventures, a $20 million corporate venture fund aimed at supporting early-stage startups across Africa and other emerging markets. The fund seeks to drive innovation in O2O services, B2B SaaS, and fintech while offering mentorship and strategic support.

Go Big Partners and 216 Capital Ventures invest in Tunisia’s Juridoc for African expansion

Go Big Partners and 216 Capital Ventures invest in Tunisia’s Juridoc.tn to drive its expansion into the OHADA region, boosting LegalTech innovation across Africa.

ORA Technologies bags $1.9M to expand Morocco’s consumer tech ecosystem

With 92.2% internet penetration and 54.9 million mobile connections, Morocco is ripe for fintech growth. ORA Technologies’ $4.4M funding and 300K downloads signal investor confidence in local tech.

Naked secures $38 million to advance AI-driven Insurance in South Africa

The latest funding builds on Naked’s success in securing $17 million in a Series B round in February 2023.

Klasha raises an additional $2 million to expand B2B cross-border payment rails into China

In addition to its expansion efforts, Klasha has obtained an MSB license to operate in the United States, further solidifying its position as a global payment provider.

Sistema.bio secures $15M to drive global Biogas expansion

Sistema.bio raises $15M to expand its biogas technology globally, enhancing sustainable energy solutions for farmers.

Egyptian fintech Sahl raises $6 million to expand offerings as a comprehensive financial services provider

Founded in 2020 by Ahmed Othman, Ibrahim Assal, and Abdullah Assal, Sahl is a bill payment platform that enables users to recharge prepaid cards.

Verod buys i-Fitness stake for $12 million in PE Shuffle

West African private equity firm Verod has acquired a 65% stake in Nigeria's leading fitness chain i-Fitness from CardinalStone in a $12 million deal.

TIC: How African startups can navigate the funding winter

Funding to the continent dwindled in Q3 2022, creating a 'funding winter.' Three seasoned investors joined us at The Investor Clinic to share insights on how to navigate the season.

YC-backed Curacel secures $3M seed to expand its insurance offering into North Africa

Nigeria-based insurtech, Curacel has secured a $3 million seed funding to expand its drive insurance experiences across Africa.

iProcure secures $10.2M Series B to power its East African expansion

Kenyan agritech startup, iProcure has secured a $10.2 million Series B financing in a round led by Investisseurs & Partenaires.