Egyptian digital marketplace for auto parts, Mtor raises $2.8 million pre-seed to double down its efforts to digitise local car workshops.
Articles about funding on Benjamindada.com
In November 2023, African startups secured $89.6 million in VC funding, across 17 announced deals. Per BD Funding Tracker, it is a 42.63% decline from the previous month.
Nigerian online grocery store, PricePally, has secured $1.3 million in seed funding. The company aims to extend its presence nationwide and reintroduce its group buying feature, allowing shoppers to mitigate the impact of inflation.
South African insurtech startup, Pineapple has raised $21.3 million Series B in a round led by Futuregrowth, Talent10 and MIC
Shekel Mobility, a B2B trading platform catering to car dealers in Africa, secured a $7 million seed in a round led by Ventures Platform and MaC VC.
Francophone Africa super app, Gozem has acquired Beninese fintech startup, Moneex in an undisclosed deal. This strategic move is poised to enable Gozem to introduce a mobile money service in Togo and Benin.
Pan-African venture capital firm, Norrsken22 has closed its $205 million Africa Tech Growth Fund to back fintech, edtech and healthtech startups.