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…

With a rather slow start into Q2, startups in Africa raised about $102m across 8 deals, with 3 of them raising undisclosed amounts. About 89% of that amount however was a debt financing of $91m that Senegalese Wave Mobile Money received from IFC and others (arranged by IFC). This further goes to show the prevalence…

Startups in Africa received a total of about $81m in funding (only ~57% of the $141.3m received last week), a testament to the global meltdown in the investment space. The funds were spread across 13 deals with 2 of them raising undisclosed amounts. Ghanaian Fintech, Fido raised a $30m Series A round accounting for about…