African tech VC funding declined 51% YoY in Q1 2024 In Q1 2024, African startups raised at least $369 million across 64 publicly announced deals, a 51.36% plunge from the previous year according to BD Funding Tracker.
Sim Shagaya launches The Honey Badger Fund (HBF) to back African entrepreneurs Serial entrepreneur, Sim Shagaya has joined other African entrepreneurs who have funds or venture studios with the launch of his venture firm, The Honey Badger Fund (HBF).
Nigerian blockchain fintech startup Zone raises $8.5M Seed Zone, a Nigerian blockchain fintech has secured $8.5 million in a seed round led by Flourish Ventures and TLcom Capital.
MoneyHash gets $4.5M to fix payment failures in Africa & Middle East Egyptian fintech startup, MoneyHash, secured $4.5 million in seed funding to bolster its payment orchestration platform across Africa and the Middle East.
One year later, Moove is still doubling down on its Indian bet Barely a year after expanding into India, Moove, a Nigerian mobility startup has secured $10 million to expand its vehicle financing offering to more cities.
In four charts: How African startups raised $74M in January 2023 In January 2024, African tech startups secured $74 million across 24 deals comprised of both equity and debt, according to BD Funding Tracker.
Nigerian edtech Klas raises $1M eyes expansion into India and North America Klas, a Nigerian edtech startup, secured $1 million in pre-seed funding. Its strategy involves scaling across Africa and extending its online teaching platform to India and North America.