In the last six years, Techstars Toronto has made 100 investments in startups across the globe. 40 of these investments are in Africa.
Articles about funding on Benjamindada.com
South African fintech, Revio has raised a $5.2 million seed to enhance payment solutions in Africa.
Enza Capital has closed a $58 million funding round across two funds. The VC firm has also launched its partner program for startup founders.
Pan-African Seed VC fund, P1 Ventures has completed the first close of its $50m fund to invest in African startups with transformational software businesses.
Out of the 12 startups in the FA23 cohort, nine are Nigerian, and one each from Kenya, Tanzania, and Ghana. Also, fintech startups dominated the cohort.
Nigerian autotech startup, Fixit45 has secured $1.9 million in a pre-seed round led by Launch Africa Ventures, to drive its East African expansion
Ivorian e-commerce startup, ANKA has recently closed a $5 million pre-Series A extension, this latest round brings ANKA’s total pre-Series A to $13.5 million.