South African AI Startup NOSIBLE Raises $1M in a Pre-Seed Round
April 7, 2025
South African AI startup, NOSIBLE, has announced the close of a $1 million in pre-seed funding round led by Atlantica Ventures. The startup plans to use the funding to scale its sales operations and accelerate…
Tanzania’s Sumet Technologies Raises $1.5M Pre-Seed Funding
April 7, 2025
Sumet Technologies, a Tanzanian fast-moving consumer goods (FMCG) startup, has raised $1.5 million in pre-seed funding. The startup will use the capital injection to improve its technology infrastructure, operational efficiency, and expand into new markets….
South Africa’s Jem HR Secures $3.3 Million in Pre-Series A Funding
April 7, 2025
Jem HR, a South African technology startup providing human resources and employee benefits services via WhatsApp, has raised $3.3 million in a pre-Series A funding round. The funding comprises equity and debt and will be used to…
Village Capital Opens Applications for Greentech Africa 2025
April 4, 2025
Village Capital launched the second iteration of Greentech Africa 2025, an investment-readiness accelerator aimed to advance 10-15 startups with innovative and sustainable solutions, contributing towards building resilience and mitigating the effects of climate change across Africa. Applications…
Egypt’s InfiniLink Secures $10M to Advance Silicon Photonics for AI-Powered Data Centers
April 4, 2025
InfiniLink, a semiconductor startup targeting AI-driven data centers, has announced the successful closure of a $10M funding round. This seed-stage investment was joined by MediaTek and Sukna Ventures, based in Riyadh, Saudi Arabia, with participation from the Egyptian…
Ivory Coast’s Djamo Secures $17M Funding to Expand Neobanking in West Africa
April 4, 2025
Djamo, a neobanking startup serving the underbanked market in Francophone West Africa, has announced the close of a $17 million funding round. This equity round is the largest ever for an Ivorian startup and surpasses…
Lipa Later Placed Under Administration
March 27, 2025
Joy Vipinchandra Bhatt of Moore JVB Consulting has been appointed to oversee the operations of Lipa Later Limited, a digital consumer credit provider. In a notice by Moore JVB, Bhatt has assumed control of Lipa…
Tunisian Startup, Juridoc, Secures Funding to Expand AI-Powered Legal Tech Platform
March 25, 2025
Founded in 2021, Juridoc simplifies access to legal resources through a comprehensive database that includes legislation, case law, doctrine, and legal monitoring. Its intelligent search engine, powered by generative AI, enables legal professionals, businesses, and…
Swedfund Commits $16.3 Million to AfricInvest Small Cap Fund
March 25, 2025
Swedfund has committed EUR 15 million to the AfricInvest Small Cap Fund, a private equity initiative focused on supporting small and medium-sized enterprises (SMEs) across Africa.SMEs are a cornerstone of economic development, driving job creation…