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.

One year later, Moove is still doubling down on its Indian bet

Barely a year after expanding into India, Moove, a Nigerian mobility startup has secured $10 million to expand its vehicle financing offering to more cities.

In four charts: How African startups raised $74M in January 2023

In January 2024, African tech startups secured $74 million across 24 deals comprised of both equity and debt, according to BD Funding Tracker.

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.

Nigerian edtech Klas raises $1M eyes expansion into India and North America

Klas, a Nigerian edtech startup, secured $1 million in pre-seed funding. Its strategy involves scaling across Africa and extending its online teaching platform to India and North America.

UNDP launches $1 billion innovation fund to back African startups

The United Nations Development Programme has launched timbuktoo Initiative, a $1 billion innovation fund to invest in African startups.

Nigerian fintech, Bujeti secures $2 million seed round, led by YC

Nigerian fintech startup, Bujeti has secured a $2 million seed in a round led by Y Combinator

Pineapple secures record-breaking funding in South Africa’s insurtech sector

South African insurtech startup, Pineapple has raised $21.3 million Series B in a round led by Futuregrowth, Talent10 and MIC, with participation from Old Mutual ESD, Lireas Holdings, ASISA ESD Fund and E4E Africa.

Norrsken22 raises $205 million to back African fintech and edtech startups

Pan-African venture capital firm, Norrsken22 has closed its $205 million Africa Tech Growth Fund to back fintech, edtech and healthtech startups.

Husk Power raises $103 Million to expand renewable energy in Africa and Asia

Cleantech firm Husk Power secures $103M to drive rural electrification, expand renewable energy services in Africa and Asia.

Africa accounts for 40% of Techstars Toronto’s investment portfolio

In the last six years, Techstars Toronto has made 100 investments in startups across the globe. 40 of these investments are in Africa.

Pan-African VC, P1 Ventures launches $50M fund to back early-stage startups

Pan-African Seed VC fund, P1 Ventures has completed the first close of its $50m fund to invest in African startups with transformational software businesses.