In a rather slow week of fundraising, 5 startups in Africa raised a total of $52m while one startup raised an undisclosed amount. The biggest deal of the week is that of Yellow Card App, a pan-African crypto exchange, who raised $40m in a Series B funding round. The round, led by Polychain Capital, brings…

In what appears to be the busiest week in recent times, startups in Africa raised a total of at least $82.4m across 8 deals, plus 4 other deals with amounts undisclosed. Over 60% of the total amount raised went to Nigerian Fintech, Teampt who raised a Pre-series C round of $50m from QED Investors. TeamApt,…

Startups in Africa raised a total of at least $32.9m across 6 deals (a 70% increase from last week's $19.3m). This was largely driven by Homzmart, an Egyptian furniture marketplace who raised $23m in a pre series B round. This accounted for almost 70% of the total amount raised. This means that Egypt also maintained…

Startups in Africa raised a total of at least $19.3m across 6 deals. Over 60% of the amount raised went to Cartona; Egypt-based B2B e-commerce platform who closed $12 million in a Series A round led by Silicon Badia, with the participation of the SANAD Fund for MSME, Arab Bank Accelerator and Sunny Side Ventures,…

Startups in Africa raised a total of at least $124.7m across 6 deals, one of them with an undisclosed amount. An interesting news is that the world’s first mobility fintech company, out of Nigeria has secured $20 million in financing from Absa Corporate and Investment Banking (CIB); just few weeks after the company also secured…

During the week in review being the second week of July, startups in Africa raised a total of about $13.5m across 7 deals. A pre Series-A deal raised by South African proptech company DigsConnect was undisclosed which is expected to have been a significant amount. Of the $13.5m raised however, about 74% want to Persistent…