Foundation Ventures Closes $25M Fund to Back Egyptian and African Startups
February 4, 2025
Egypt-based VC firm, Foundation Ventures, has closed a $25 million fund, ‘FVFII.’ A portion of the capital will be allocated to investing in promising African startups. The fund has attracted investors such as the Egyptian…
i3 Shifts Focus to Growth-Stage Startups
February 3, 2025
Investing in Innovation Africa (i3) has announced a pivotal change to its 3rd cohort selection to prioritise the immediate support for 5-7 growth-stage companies building the Future of Pharmacy care in Africa. This announcement comes after…
Moove Acquires Brazil’s Kovi Expanding Global Presence
February 1, 2025
Moove has announced the acquisition of Kovi, an urban mobility provider headquartered in São Paulo. This strategic acquisition aligns with Moove’s commitment to advancing mobility and expanding its footprint in the rapidly growing Latin American market….
Qualcomm Opens Applications for 2025 ‘Make in Africa’ Startup Mentorship Program
January 31, 2025
Applications are now open for the 2025 Qualcomm Make in Africa Startup Mentorship Program. As the first initiative of its kind in Africa, this equity-free mentorship program will identify promising early-stage startups keen on applying…
Africa Tech Summit 2025 Announces Finalists for Inaugural Awards
January 30, 2025
The Africa Tech Summit Awards has announced the 2025 finalists, celebrating individuals and companiesimpacting the technology sector across the continent. The winners will be revealed at the awards gathering on February 13th during the seventh edition of Africa Tech Summit…
Egypt's Fincart Raises Undisclosed Amount in Pre-Seed Funding Round
January 30, 2025
Fincart.io has announced that it has successfully closed its pre-seed funding round for an undisclosed amount. The round was led by Plus VC, the most active VC in the MENA, with participation from leading regional…
South Africa’s NjiaPay Secures $1M Pre-Seed Funding to Expand Payments Platform
January 29, 2025
NjiaPay, a South African payments-as-a-service provider, has announced it has raised $1 million in pre-seed funding. The investment was led by HAVAÍC, with participation of angel investors including founders of Anyfin, Banxware, and Maxidrive. In a…
Insight Terra, a South African Climate-Tech Firm, Secures $5.7M Series A Extension
January 29, 2025
Insight Terra is proud to announce the successful close of its series A extension funding round of $5.7 million to rapidly scale its AI-driven greenhouse gas (GHG) and environmental risk platform. Alastair Bovim, Co-Founder and…
Kenyan E-Commerce Startup Kapu Secures Pre-Series A Funding to Scale Operations Across Africa
January 28, 2025
Kenyan e-commerce startup Kapu has raised an undisclosed amount in a pre-Series A funding round. The funding round was led by BlackWood and other existing investors and will be used to scale its operations across…