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.

Pezesha raises seed extension to fuel expansion across Africa

Pezesha has announced the close of a seven-figure growth funding round led by GreenHouse Capital (GHC).

pawaPay Closes on Seed Funding of $9M

African payments company pawaPay, has secured a $9m Seed raise.

Egyptian eCommerce startup, MaxAB, closes $40M Series A to fuel expansion

MaxAB, the largest Egyptian B2B e-commerce platform that serves food and grocery retailers, has secured $40M in a Series A round, led by RMBV, a prominent impact investor in North Africa.

TeamApt announces undisclosed Series B funding round led by Novastar Ventures

The round was led by Novastar Ventures with participation from FMO, Global Ventures, CDC, Oui Capital, Kepple Africa Ventures, Soma Capital, and a syndicate of local angel investors

Cowrywise raises $3 million pre-Series A round from Quona Capital

With this $3 million round led by Quona Capital, Cowrywise becomes one of the few startups in Nigeria to have raised a pre-series A round.

Pula raises $6 million to scale agricultural insurance for farmers across Africa

Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6 million Series A fundraise.

Echelon Capital to invest $1 million in early-stage startups, calls for applications.

Echelon Capital is looking to invest millions of dollars in African tech and non-tech startups, beginning with a $1 million rolling fund.

Apply for VC4A Venture Showcase – Series A to raise between $500,000 and $10 million

VC4A (Venture Capital for Africa) has put out a call to African startups looking to raise between $500,000 (₦193 million) and $10 million (₦3.8 billion).

Accion Venture Lab launches $23 million fintech fund, increases capital pool to $43 million

Accion Venture Lab has launched a new $23 million fintech fund, which will be used to make seed-stage investment in inclusive fintech startups.