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Naspers funding

These 14 investors have led Africa’s biggest funding rounds this year (so far)

According to Partech ventures, there was $560 million in venture capital funding that flowed into Africa in 2017. This was a significant rise from $367 million that was reported in 2016....
webuycars funding

These are Africa’s top 15 funding rounds in 2018 (so far)

There's no doubt that funding in Africa's tech startups is on the rise. That on its own is exciting. Yet, what is more, exciting is that the deal amounts are also...
Jumo CEO Andrew Watkins-Ball. funding

The Funding Brief: A total of $160M was raised this week, and more

This week registered the highest round of funding raised across the continent since the year began when Naspers invested in Webuycars. Several other investments were made including the $54 million in...
webuycars funding

Naspers has invested $94M in SA’s Webuycars through OLX Group

Naspers has today announced that it made a $94 million (1.4 billion Rand) investment in South Africa Webuycars, a specialized car buying service. The investment was through Naspers' Classifieds business, OLX...
Jumo CEO Andrew Watkins-Ball. funding

Cape Town based Jumo closes $52M from Goldman Sachs

Jumo, a company that offers loans to the unbanked in Africa, has closed $52 million in a venture round according to TechCrunch. Goldman Sachs led the round, though, there was participation from...
Sisu Global Health

The Funding Brief: Sisu Global raises $1.2M to expand to Africa, and more

From MEST's $700,000 planned investment in 7 startups to SnapChat's $150,000 investment in South Africa's Hashtag Our Stories, here's all the funding activity for the week. 1. Investec, Crossfin concludes Series-A round...
Elkrem

Egypt blockchain startup Elkrem closes $75k from ConsenSys Ventures

Elkrem, a Cairo-based blockchain startup has closed a $75,000 round. The investment came from Tachyon, an accelerator by Consensys Ventures. The investment follows Elkrem being admitted into Tachyon accelerator program, together with...
Oolu Africa

Here is the 8 YC alumni from Africa with at least $1M in follow-on...

In 2015, YC started admitting startups in Africa into their batches - both winter and summer. This number has grown in with time. According to our count, there are at least...
Paga

Nigeria’s Paga closes a $10M Series B(2), looking at global expansion

Paga, a Nigeria based mobile payment company, has announced a $10 million Series B2. The announcement was made by Tayo Oviosu, the company's founder and CEO, to TechCrunch at the Disrupt...
Kampala Angel Investors Network

Kampala Angel Investors Network deal day is, finally, set for October

Kampala Angel Investors Network - KAIN - has announced that its deal day is slated for October 4, 2018. The event will see 10 startups pitch to an audience of angel investors...