Kenyan Logistics Startup Leta Secures $5M to Scale AI-Powered Platform

Nairobi-based logistics startup Leta has secured $5 million in seed funding to expand its AI-driven optimization platform. With backing from Speedinvest and Google’s Africa Investment Fund, Leta aims to reduce logistics costs and improve supply chain efficiency across Africa.

LoftyInc secures $43 million first close for new Africa seed fund

The Alpha Fund is designed to build on insights from previous funds. It will focus on seed investments that enable entrepreneurs to build resilient companies and achieve scalable growth.

P1 Ventures closes $50 Million fund to back global companies “made in Africa”

With over $60 million now in AUM, P1 Ventures builds on a year of strong momentum in which it completed its largest-ever deal.

Saviu II, the francophone-focused fund, reaches second close of €25 million to invest in African startups

Saviu II, the second fund of French-focused VC firm Saviu Ventures has reached its second close of €25M with plans to invest higher ticket sizes.

African VC Janngo Capital closes $78M fund for women entrepreneurs

Just two years after the first close of the fund at $28.1 million, Janngo hits a second milestone.

Fewer than 5% of seeded African startups make it to Series A

105 companies raised seed funding in 2022. Only 5 have successfully raised their next rounds

Fintech giant Visa backs Kenya’s Workpay in $5 million raise

The startup has raised new funding led by Norrsken22, with Visa joining, to streamline HR and payroll across Africa, enhancing compliance and expanding financial scope

d.light raises $176 Million debt to provide off-grid solar power in East Africa

d.light, has recently closed a new $176 million securitization deal to support affordable solar solutions for low-income households in Kenya, Tanzania, and Uganda.

Chowdeck CEO talks $2.5M seed funding and the Nigerian food delivery market

Last year, Chowdeck onboarded Chicken Republic, West Africa's largest fast-food chain. This move has led to an increase in order volume of 250% on Chowdeck.

Sim Shagaya launches The Honey Badger Fund (HBF) to back African entrepreneurs

Sim is popular for pioneering the e-commerce movement in Nigeria through his company, Konga which he founded in July 2012. He raised about $80 million with Konga pre-2020 when capital was scarce in the African tech ecosystem.

BD Funding Tracker 2024

In the Table below, you can filter through our curated list of African startup deals for the years 2022, 2023 and 2024.

ANKA raises $5M pre-series A extension to drive e-commerce in Africa

Ivorian e-commerce startup, ANKA has recently closed a $5 million pre-Series A extension, this latest round brings ANKA’s total pre-Series A to $13.5 million.