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Startups

African Angel Academy to Bridge Africa’s $194B Startup Funding Gap

The African Angel Academy (AAA), an angel investor training organization, has launched its 12th cohort amid growing recognition that angel investing represents a critical solution to Africa's massive startup funding gap. Since its inception, the organization has trained more than...

Startups

FrontEnd Ventures Lands First Deal to its $8.5M Startup Fund

FrontEnd Ventures, a Nairobi-based early-stage venture capital fund, has secured the inaugural investment from Small Foundation’s GP Working Capital Facility, marking a significant milestone for both organizations as they work to strengthen Africa’s early-stage investment ecosystem. The funding provides critical...

Startups

Monex Ventures, Uncovered Fund Launch $20 Million Fund for African Infrastructure Startups

Monex Ventures and Tokyo based Uncovered Fund have created a ¥3 billion ($20 million) investment partnership to back early stage African and Middle Eastern startups building digital and physical infrastructure. The Uncovered Monex Africa Investment Partnership will focus on finance,...

Startups

NBA Africa Launches 2nd Edition of Triple-Double Startup Accelerator

NBA Africa has announced the second edition of the startup accelerator program, the second to what was launched last year. NBA Africa aims to support the continent's technology ecosystem and the next generation of African entrepreneurs. The NBA Africa Triple-Double Accelerator...

Startups

CcHUB, Gates Foundation Invest Into 9 Nigerian Startups

CcHUB, and the Gates Foundation have announced nine startups joining the Digital Public Infrastructure (DPI) program to address socio-economic challenges in Nigeria. The nine startups address critical challenges across Maternal & Neonatal health, Agritech, health microfinancing, and financial inclusion in...

Startups

Absa to Invest in Fintech Startups at MEST Africa Challenge 2025

Absa has partnered with the Meltwater Entrepreneurial School of Technology (MEST Africa) for the MEST Africa Challenge 2025, to invest in fintech ventures building financial solutions for an evolving continent. The programme, exclusively sponsored by Absa, will spotlight fintech innovation,...

Startups

CEO Weekends: Mastercard’s $106 Million Bet on African Startups Ends in Courtroom Collapse

The Mastercard Foundation is locked in a $4.6 million legal dispute with 54 Collective. Founders Factory Africa was a regional outpost of the U.K.-based Founders Factory The pan-African organization rebranded as 54 Collective What began as one of...

Tech

Meta’s Acquisition of Egypt’s PlayAI Signals a New Era for Africa’s AI Startups

Meta Platforms Inc. has acquired PlayAI, a Cairo-founded artificial intelligence startup specializing in expressive voice generation, in a deal that underscores Silicon Valley’s growing interest in Africa’s emerging deep-tech talent. While financial terms of the acquisition were not disclosed, Meta...

Startups

HAVAÍC Raises $25 Million of its $50M Fund 3 For African Startups

HAVAÍC has secured $25 million of its $50 million African Innovation Fund 3 from financial services group Sanlam Multi-Manager, Fireball Capital and the SA SME Fund. This is the second close of the African Innovation Fund 3 adding up to...

Tech

Google to Invest $37M into AI Startups & AI Education in Africa

Google is set to invest $37 million into research, talent development, infrastructure, funding and partnerships to strengthen AI in Africa. The funding, partly committed and unannounced, will fund AI research, support African languages, improve food systems, expand digital skills, and...

Startups

Rihanna-Backed Gather Ventures Backs Women-Led Climate-Tech Startups

Jo Opot, the founding director of Gather Ventures, an African-led, women-founded fund backed by pop icon and philanthropist Rihanna through her Clara Lionel Foundation is set to invest in African-led businesses building climate resilience. Gather Ventures is rewriting the rules...

Startups

Village Capital to Deploy $4M into Startups in Ghana, Nigeria, and Tanzania

Village Capital is set to deploy $4M into startups in Ghana, Nigeria, and Tanzania. Village Capital, is working in collaboration with the Dutch Entrepreneurial Development Bank (FMO) and the Netherlands Enterprise Agency (RVO). “No single investor can be an expert in...

Startups

Kenya’s BuuPass to Pitch For $1M From Startup World Cup

Kenya's BuuPass, a mobility and digital ticketing platform will represent Kenya at the Startup World Cup Grand Finale in San Francisco, where they will compete for a $1 million investment. BuuPass was one of the ten startups shortlisted to pitch...

Startups

Tunisian startup Kumulus Water secures $3.5 million to address global water scarcity

Kumulus Water, a Tunisian water WaterTech startup, has raised $3.5 million in a seed funding round to scale its atmospheric water generation (AWG) technology. The round saw participation from Bpifrance (through France 2030 SGPI and Île-de-France Region), PlusVC, Khalys Venture,...

Startups

IFC Eyes $10M Investment in Senegalese AI Health Startup KERA

The International Finance Corporation (IFC), part of the World Bank Group, is planning a $10 million investment in KERA Health Platforms, a Senegalese startup using artificial intelligence (AI) to digitize and transform healthcare delivery across West Africa. KERA’s platform is...

Startups

Nigerian Drone Startup Terra Industries Beats Israeli Firm to $1.2M Security Deal

Nigerian drone startup Terra Industries, formerly known as TerraHaptix, has won a $1.2 million contract to secure two hydropower plants, edging out a consortium led by an Israeli defense technology firm. The deal marks a milestone for Africa’s growing...

Startups

Tunisian WaterTech Startup Kumulus Water Raises $3.5M for Expansion

Kumulus Water, a Tunisia-based WaterTech startup, which turns air into safe drinking water, has closed a $3.5 million seed funding round to accelerate the development of its atmospheric water generation technology. Kumulus Water will also use the funds to support...

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Startups

Kenya’s Farmer Lifeline, Pollen Patrollers & Solar Freeze Among Startups Shortlisted for Qualcomm Make in Africa 2025

Kenya's Farmer Lifeline, Pollen Patrollers and Solar Freeze are among 10 startups shortlisted for Qualcomm Make in Africa 2025, an equity-free mentorship program that identifies promising early-stage and deep-technology startups using advanced technologies such as 5G, on-device Edge-AI/ML, Compute, and...

Startups

Village Capital Invests $200,000 in Women-led Startups Across MENA, South Asia

Early-stage investor Village Capital has invested $200,000 in three women-led startups operating across the Middle East, North Africa and South Asia, the firm said on Wednesday, as it seeks to address persistent funding gaps faced by female founders in...

Business

OpenAI Buys Coding Startup Windsurf for $3 Billion

OpenAI has agreed to acquire Windsurf, an AI-powered coding assistant formerly known as Codeium, for approximately $3 billion. This acquisition marks OpenAI's biggest deal to date and is expected to enhance ChatGPT's coding capabilities, as OpenAI continues to improve its...

Startups

IFC, TLG Capital Announce $75m Fund For Distressed Startups

IFC and TLG Capital have announced the first close of a new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75 million raised to support small and medium sized enterprises in Africa—and to protect jobs...

Startups

Anza Village, WOJO Nairobi Partner to Accelerate Startup Growth in Africa

Anza Village, a community of startups across Africa and beyond and WOJO Nairobi, a workspace and hospitality - Workspitality space and part of Accor Hospitality group, have partnered to unlock access to co-working spaces, exclusive discounts, and a vibrant...

Startups

7 Korean Startups Showcase Cutting-Edge Innovations at GITEX Africa 2025

7 Korean startups showcased their innovations in Africa after the Korea-Africa Foundation (KAF), in collaboration with PEN Ventures and IMPACT Lab, brought them to GITEX Africa 2025, held on April 14-16, 2025 in Marrakech. These Korean startups are set to...

Startups

i3 Injects $225K into 7 African Healthtech Startups

Investing in Innovation Africa (i3), a pan-African initiative to support African healthtech startups to commercialise and scale their offerings, has announced its 3rd cohort of 7 growth-stage companies working to transform pharmacy services on the continent. Sponsored by the Gates...

Startups

Flat6Labs and Tamwilcom Launch Accelerator Program to Boost Moroccan Startups

Flat6Labs, a leading seed and early-stage venture capital firm in the MENA region, has partnered with Tamwilcom, Morocco's public financing institution, to launch a new accelerator program aimed at fostering innovation and entrepreneurship in the country. This collaboration is...

Startups

MEST Africa and Mastercard Select 12 EdTech Startups for Ghana Fellowship

MEST Africa, in partnership with the Mastercard Foundation, has selected 12 EdTech startups to join the second cohort of the Mastercard Foundation EdTech Fellowship in Ghana. This six-month entrepreneurship acceleration program will equip the EdTech ventures with mentorship, funding, and expertise...

Startups

SureChill Africa’s Collapse Highlights Challenges for Climate-Tech Startups in Emerging Markets

SureChill Africa Limited, once a rising star in sustainable cooling solutions for off-grid and healthcare applications, has entered administration—despite raising a total of over $9 million in funding. The announcement underscores the difficult operating environment for climate-tech startups in...

Startups

Nine Kenyan Startups Get Safaricom Spark Accelerator Funding

Nine Kenyan startups have received backing from the Safaricom Spark Accelerator Program, after pitching at an investor demo day organized by the accelerator to help them showcase their milestones and connect with prospective investors. The start-ups who include Health X...

Startups

Yango Group Launches Yango Ventures, a $20M Fund for Startups

Yango Group, an UAE-based tech firm, which runs ride hailing and related services in the UAE, Africa and other emerging markets, has launched Yango Ventures, a $20 million corporate venture fund to invest in promising startups across LATAM, Sub-Saharan...

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