Funding

Nigerian fintech Cleva gets into Y Combinator W24, raises $1.5 M pre-seed

Founded just four months ago, the Nigerian fintech startup Cleva has raised $1.5 million in a pre-seed round. It is arguably the first African startup in the Y-Combinator W24 batch to be listed in the directory.

Copia secures $15M in Series C extension to intensify focus on Kenyan operations

Copia Global has secured $20 million in a Series C extension round. The Kenyan e-commerce startup has also appointed John Lazar, the former CEO of Metaswitch, to its board

WIC Capital gets $1M to provide funding for female-led SMEs in Francophone Africa

WIC Capital has secured a $1 million loan from FSDAi Nyala Facility to invest in female-led businesses in Francophone Africa.

Nigerian fintech, Bujeti secures $2 million seed round, led by YC

Nigerian fintech startup, Bujeti has secured a $2 million seed in a round led by Y Combinator

Egyptian digital auto-marketplace, Mtor raises $2.8 million pre-seed

Egyptian digital marketplace for auto parts, Mtor raises $2.8 million pre-seed to double down its efforts to digitise local car workshops.

Three charts showing how African startups raised $89.6M in November 2023

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.

PricePally raises $1.3M seed to expand its online grocery store in Nigeria

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.