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Apollo Agriculture secures $10 million investment from Swedfund and ImpactConnect to fuel rapid expansion and impact

Apollo Agriculture, a Kenyan agri-fintech startup dedicated to helping small-scale farmers across Africa increase their profits and farm more sustainably, has raised $10 million from Swedfund and ImpactConnect to further accelerates its rapid growth, enable increased earnings for farmers,...

Apollo Agriculture raises $9.5M from the U.S. International Development Finance to Increase food security in Africa

Apollo Agriculture raises $9.5M from the U.S. International Development Finance to Increase food security in Africa. The 10-year loan with U.S. International Development Finance (“DFC”) will help the product and financing platform give small-scale farmers with all the tools...

Kenyan Agritech Startup Apollo Agriculture secures $40M Series B Funding for expansion.

Apollo Agriculture, a Kenyan agritech startup, has raised $40 million in a Series B funding round led by Softbank Vision Fund 2 in an equity round. Its latest funding round included participation from the Chan Zuckerberg Initiative, Yara Growth Ventures,...

Kenyan agri-tech startup Apollo Agriculture secures US$1m debt funding for expansion.

Kenya’s Apollo Agriculture which uses machine learning and automated operations technology to enable small-scale farmers access the resources they need to maximize their profitability has raised  US$1 million in debt funding from the Agri-Business Capital Fund (ABC Fund). Based in...

Accion Raises $61.6M | Launches Accion Ventures for Fintech Startups

Accion has announced the final close of a $61.6 million fund for its Accion Venture Lab Fund II and rebranded from Accion Venture Lab to Accion Ventures to invest in early-stage tech startups across Africa, South and Southeast Asia,...

Equator Announces Final Close of $55M to Invest in Africa’s Climate Tech Startups

Equator, a climate-tech venture capital firm focused on Sub-Saharan Africa, announced the final close of its first fund with approximately $55 million USD in commitments to support Seed and Series A-stage, tech-enabled ventures in the sectors of energy, agriculture...

Equator Africa Fund Gets $5 Million from Proparco for Startups Addressing Climate Challenges Across Africa

Equator Africa Fund has received $5 million from Proparco to invest in startups addressing climate challenges across Africa. Proparco made the investment, through the FISEA+ facility to supporting early-stage African start-ups with innovative solutions to address climate challenges across sub-Saharan...

Equator Africa Fund Raises $5M to Invest into African Climate Tech Startups

Equator Africa Fund has received $5 million from the IFC to invest in startup in the climate sector. The $5 million is the fund’s final close, taking its size to $54 million. IFC's investment is supported by a $1.5 million...

African Startup Funding Starts Slow in January 2024

African startups saw a chilly January in terms of funding, marking the second-lowest month since 2021. Despite the lacklustre start, 38 deals exceeding $100,000 each managed to raise a total of $77 million. According to reports by The Big DeaL,...

10 tech startups in Kenya that are focused on improving the food industry

By streamlining supply chains, improving distribution channels, and providing better information to farmers, these startups are helping to reduce waste, improve food security, and increase profitability for all stakeholders.

Kenyan agritech iProcure secures $10.2M to scale its operations

 iProcure,  a Kenyan B2B agritech that connects agricultural manufacturers and distributors to local retailers  has secured$10.2 million in series B funding. The latest round includes $1.2 million debt, and was led by Investisseurs & Partenaires (I&P), the funding brings the total funding...

Tushop Raises $3M Pre-Seed Funding to Scale Community Group-Buying in Kenya

 Tushop, the Kenyan social-commerce platform that enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured $3M in a pre-seed funding round. The round was led by 4DX Ventures and with participation from JAM Fund, Breyer...

Omidyar Network’s $300 Million Fintech VC Fund Flourish Ventures Launches in Kenya

Flourish Ventures, a global fintech venture capital firm and arm of  Omidyar Network, launched 2 years ago with a $300m war-chest has opened a new office based in Nairobi to help its investment team better serve entrepreneurs across Africa...

SWVL Appoints Dip Patel as Kenya’s General Manager

Technology firm SWVL has today announced the appointment of Dip Patel as its General Manager in Kenya. In a move to add greater expertise and a deeper knowledge of the technology start-up space in the country. Patel brings broad experience...

Accion Venture Lab Launches New $23M Fund for Fintech Startups

Accion has announced that its seed-stage investment arm Accion Venture Lab is adding $33M to its initial capital pool, with the launch of a new $23M fund and an additional, separate $10M investment from Accion. The new fund is targeted at fintech startups that aim...