News

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.

News

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.

News

Raenest secures $11M Series A investment after processing $1 billion in payments

With this new funding, Raenest aims to deepen its operations in Nigeria while strengthening its Kenyan presence.

News

Moroccan-startup ToumAI secures €1 million develop powerful CX solutions

ToumAI, an AI-powered customer experience (CX) innovator, has secured €1 million in pre-seed funding, led by Launch Africa

Funding

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.

Funding Tracker

How African startups raised in 2024

Kenya leads the pack as African startups secure $2.01B in 2024 funding, showing resilience and a shift toward sector diversification

News

LemFi raises $53 million Series B to fuel European and Asian expansion

LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.

News

Village Capital invests $150,000 in two female-led startups

The Women in Tech Financing Facility, a joint initiative of Village Capital and Standard Chartered, addresses the funding gap for women entrepreneurs.

News

PBR Life Sciences raises $1M pre-seed to expand AI-powered healthcare data platforms across Africa

Previously targeting 1000 pharmacies in Nigeria, PBR will use this new funding to expand its AI-driven health data solutions in Ghana and Kenya.

News

Juicyway raises $3 million pre-seed to power cross-border payments for Africans

Founded in 2021 by Ife Johnson and Justin Ziegler, Juicyway enables individuals and businesses to send, receive, and process payments globally.

News

Egypt-based ariika secures $3M to drive expansion across MENA markets

Egyptian eCommerce platform ariika raises $3M in a Series A extension to accelerate growth in Saudi Arabia and Iraq.

News

Nigerian Agritech startup, Winich Farms secures $3 million in pre-series A funding

Since the company’s launch in 2020, Winich Farms has built an ecosystem of more than 150,000 users including farmers.

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