Aruwa Capital nears $50M target as it closes $35M for gender-focused fund II

Aruwa Capital Management, a female-led Lagos private equity firm, closes $35M for its gender-lens Fund II and plans to expand investments across Nigeria and Ghana.

Tanzania’s Nala nabs $40 million in double down on its new payments infrastructure

Nala, a fintech startup that started out with affordable money transfers in Tanzania, just raised $40 million in a Series A led by San Francisco-based Acrew Capital, with contributions from investors like DST Global, Norrsken22, and notable angels: Ryan King and Vlad Tenev

Moove raises $76 million in new funds to fuel further global expansion

The latest investment led by Mubadala Investment Company brings Moove's total funding to $335 million across debt and equity

African startups raised $123.4 million in July 2023

African startups witnessed a sharp 46.5% decrease in funds raised this July compared to July 2022. Cleantech remained dominant, securing 32.8% of the continent's total funds.

🗓️ Join Dr Dotun, Seun Alley and Benjamin to chat about fundraising as a startup

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Five organisations giving equity-free funding to startups in Nigeria

Starting a new business can be an exciting, yet challenging venture. One of the biggest obstacles entrepreneurs face is securing funding to get their businesses off the ground.

Tech Word For The Week: Fundraising

Tech Word of The Week is a weekly series where we look to explain commonly used words in the tech ecosystem in a simple, engaging way.