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Partech Africa reaches the first close of its second fund at €245 million, making it the largest Africa-focused fund yet. → Read More
SunFi, a solar financing platform based in Nigeria has raised $2.325 million as it builds a fintech platform for the cleantech space. → Read More
South Africa’s Lulalend has secured a $35 million Series B funding round to scale its business and address South Africa’s enduring SME credit gap estimated to be over $20 billion yearly. → Read More
The round includes $260 million in equity financing and $140 million through two securitized bond issuances, investments that will now see MNT-Halan command a valuation of about $1 billion. → Read More
Instadeep’s $682 million acquisition by BioNTech proves a case for African startups building global products. → Read More
African tech slightly raised more venture capital in 2022 than it did the year before. One major driver of that growth is the uptake in venture debt. → Read More
Edinburgh-based asset management firm Baillie Gifford reduces stake in African e-commerce company Jumia. But other investors bought more. → Read More
South African proptech Flow wants to change how real estate agents and developers interact with their customers. It has raised $4.5 million to that end. → Read More
Dubai-based BNPL startup Tabby has raised $58 million from Sequoia Capital India, STV and PayPal Ventures at a valuation of $660 million. → Read More
Carry1st has raised funding from top-tier gaming funds such as a16z, Konvoy, and now Bitkraft Ventures since its launch in 2018. → Read More
Operating environment for startups in Africa is expected to worsen this year, continuing the trend that picked up in the last half of 2022. → Read More
Africa, bucking global trends, raised more VC dollars in 2022 than 2021. But its unicorn list stayed stagnant. → Read More
Last January, InstaDeep raised $100 million from several investors including Germany’s largest vaccine maker BioNTech, which has now acquired it for £562 million. → Read More
Releaf, a Nigerian agritech that supplies ingredients to food factories, has received $3.3 million in an oversubscribed pre-Series A round. → Read More
Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million extension, bringing its total Series D to $330 million. → Read More
Ventures Platform, a Pan-African early-stage venture capital firm, has reached the final close of its fund at $46 million as it looks to double down on “category-leading” companies across the continent. → Read More
Global payments giant Visa says it will invest $1 billion by 2027 to expand its investments in Africa amidst a digital payments boom on the continent. → Read More
Taeillo, an online furniture e-commerce store, has raised $2.5 million from Aruwa Capital, a Nigeria-based early-stage growth equity fund. → Read More
African credit-led neobank Finclusion Group has raised an additional $2 million in equity financing as it officially rebrands to Fin. → Read More
African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX's bankruptcy. → Read More