Frontier Car Group which runs Cars45 in Nigeria, has closed $41M Series B funding from Balderton, TPG Growth, automotive funds Fraser McCombs Capital, and AutoTech Ventures. to expand its used-car marketplaces within emerging markets. The company additionally raised $17M in debt financing from leading institutions and banks bring the total to $58m. According to Sujay Tyle, ...
Asoko Insight, a London-headquartered provider of corporate intelligence with research bases in Accra, Lagos, Nairobi, Addis Ababa and Abidjan has completed a $3.6 million Series A fundraising round, as it moves into the next stage of its pan-African expansion plan. The round of funding was led by early shareholders, including ...
African tech startups raised $560 million in VC funding in 2017, a 53% YoY Growth as African entrepreneurs leverage tech and digital to tackle the continent’s fundamental challenges, said a new report from Partech Ventures. The report, says 124 African tech start-ups raised a total of US$ 560 Million in ...
Nigeria's Farmcrowdy, an online platform allowing Nigerians to venture in and sponsor agriculture has closed $1 million in seed funding to scale its operations with plans to expand into a combined 20 states in Nigeria. The $1m was raised from Cox Enterprises, Techstars Ventures, Social Capital, Hallett Capital and Right-Side Capital; as ...
This post by Keet van Zyl first appeared on Medium here. Keet van Zyl is a Venture catalyst, scale-up Investor and co-founder at Knife Capital. With entrepreneurship conference season hitting South Africa, coffee-infused conversations about the lesser-spotted African Unicorn are unavoidable, and DNA traces of this mythical beast seem to be present in every startup ...
mPharma, a venture-backed startup with a simple mission to make prescription drugs in emerging markets easily accessible, and easily affordable has raised a $6.6 million Series A round to provide doctors, patients and pharmacists access to a network of high quality chronic disease medicines at sustainable prices. The round was led ...
Jumo, a big data analytics firm which allows cost-efficient provision of loans has raised $6m from Finnfund in form of a debt instrument to support its expansion in Africa and Asia and the development of its platform in order to provide new services for SMEs, small and medium-sized enterprises. The ...
Naked, an insuretech startup set to launch in South Africa in the first quarter of 2018 has received funding through a R20 million investment from Hollard and Yellowwoods, a private investment group with interests in insurance ventures around the world, including Hollard. Naked aims to transform the insurance business model ...
South Africa's Digital Cabinet has received R5m led by HAVAÍC and a consortium of individuals including its own team, and Growth Grid Venture Capital Partners. The firm will use the capital raise to increase its staff capacity, undertake a concerted marketing exercise with the objective of creating product and brand ...
Keet van Zyl, the Founding Partner of Knife Capital, a top VC firm with offices in Cape Town and London has been appointed to the board of the Southern African Venture Capital and Private Equity Association (SAVCA). Keet will join three other appointed representatives, Juan Coetzer, Head of Private Equity ...
Aaron Fu, Managing Partner, Nest Africa is leaving for MEST after two years at the helm of the Nairobi-based fintech accelerator which launched its first African office in Nairobi Kenya in July 2015. As a managing partner Aaron Fu saw the growth and expansion of Nest across Africa through partnerships ...
Access Technology Ventures, Redpoint Ventures, Tencent Holdings Ltd., Altimeter Capital, Vy Capital and Amazon Inc.’s Alexa Fund have invested $300 million into Essential Products Inc., the smartphone maker founded by Andy Rubin, the creator of Android. Access led the round with $100m and will join the company’s board of directors. ...
TLcom Capital has raised US$40 million for its TIDE (Technology and Innovation for Developing Economies) Africa Fund, the first international VC fund focused exclusively on technology enabled solutions serving Sub-Saharan Africa (SSA). TIDE will provide capital for early to growth stage in the US$500,000 to US$10 million range and business building ...
San Francisco-based Capria Accelerator Fund has received undisclosed funding from the International Finance Corporation and the UK government in support of its commitment to help unlock more than $500M in global impact capital over the next 10 years. The investment will help the firm expand operations into sub-Saharan Africa and South ...
Img:surdelltaxi.com Fone Taxi has launched in Rwanda, Uganda and Kenya to give every great driver on the road a platform to make money and create jobs for others. Developed this year in Rwanda by Christian Niyonkuru, Fone Taxi aims to make its service available initially in several more ...
Entries are now open for 2016 Appsafrica.com Innovation Awards looking to celebrate the best in mobile and tech from across Africa following the success of last year’s Awards which celebrated 10 winners from over 200 entries across 21 countries. Returning to Cape Town where they were held last year, the awards are looking ...
After the success of ABAN - the African Business Angel Network, the Finnish Business Angels Network and Lagos Angel Network which have provided helpful examples to follow as well, a new chapter for South Africa is launching with plans to be biggest business angel network south of Africa. The South African ...
Data is weightless so the internet doesn't understand physical limitation. Great, but how does data fit into our plans for the economic and social future? The uses of data stay constant whether oral, printed or digital. If the appeal of writing is that a message can travel without changing, the appeal ...
Safaricom has launched a $1 million Spark Fund for local tech startups in a move set to change Kenya's startup scene for good. The Safaricom Spark Venture Fund is aimed at accelerating the development of innovative mobile applications and solutions by availing much needed capital to ICT start-ups. The funds ...
After an Investor Summit hosted by venture capital community VC4Africa September 24th, at the DEMO Africa 2014 in Lagos, Nigeria, angel investor networks from across Africa are pondering how to work together in a pan-African Business Angel Network. The investors discussed “The Future of Angel Investing in Africa” with a ...
Africa's investor and entrepreneur network VC4Africa has today announced that it has raised over $12 million in funding for 92 companies listed on its platform, making it the largest venture capital network on the continent. The findings released in survey byVC4Africa was conducted online with over 800 entrepreneurs participating. Though ...
IdeasAfrica.com is a new online startup that links young tech entrepreneurs with seed investors and venture capitalists from around the globe. With a vision to give the young entrepreneurs a channel to access funding from potential investors, the program’s creators based in Nairobi Kenya saw the need for seed funding ...
