Microsoft-backed FAST accelerator selects 12 African startups for AI program 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 secures $1.9M for East African expansion 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
ANKA raises $5M pre-series A extension to drive e-commerce in Africa 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.
Mecho Autotech lands $2.4M pre-Series A Mobility startup, Mecho Autotech has raised $2.4 million pre-Series A and is expanding into wholesale automotive spare parts distribution in Nigeria.
Meet the seven most active angel networks in Africa Angel Investment in Africa has recently grown rapidly alongside the development of the tech ecosystems, which have greatly increased the number of investable opportunities
Kenyan fintech, Lipa Later secures $5M debt funding Lipa Later has raised $5 million in debt funding to double down on its growth. The Kenyan fintech also plans to raise an additional $20 million in equity and debt.
Meet 34 female angel and venture capital investors in Africa We curated a list of 34 African women who are investing in the tech ecosystem on the continent.