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.

Digital health platform, Esaal completes $1.7 million seed round

Esaal will use the new fund to expand across the MENA region, as well as invest in product development, brand development, and talent acquisition.

Canza Finance secures $3.27 million to empower underserved sub-Saharan Africa SMEs with financial services

Nigeria's Canza Finance has closed a $3.27 million seed round to empower underserved sub-Saharan Africa SMEs with financial services

MarketForce closes the largest Series A round in East and Central Africa

Retail payment startup, MarketForce has closed a $40 million Series A round led by V8 Capital Partners to scale merchant inventory financing through a BNPL offering

TLcom secures first round of its $150 million fund to back 20 African startups

TLcom has announced a first close of $70 million for its $150 million Africa focused tech fund to invest in 20 early-stage startups on the continent.

Planet42 secures $30 million, to expand car inventory in South Africa and Mexico

Planet42, a South Africa-based car subscription company has raised a $30 million equity round, to expand its car inventory in South Africa and Mexico.

Busha raises $4.2 million in a seed round led by Jump Capital

Funding to empower Busha to do more faster, improve security, and take a definitive leadership position in the emerging crypto industry.

Autochek secures $13.1m seed fund to scale its technology and accelerate expansion

The capital will be deployed to bolster its core auto loan processing platform and deepen its footprint in West Africa, starting with its recent entry into Cote d’Ivoire.

ILLA obtains $2m investment round to expand and diversify its offering

ILLA aims to optimize post-production supply chain activities for FMCG brands, starting with middle-mile delivery services and being the most fragmented part of the value chain.

Nigeria’s Sendbox raises $1.8 Million to enable deliveries for SMEs in Africa

With the goal to provide logistics and e-commerce fulfilment for merchants in Africa, Sendbox announced the completion 0f its $1.8 million seed round.