Data About Africa's Tech Companies

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Kenya's agri-input supplier Sidai Africa closes $2.25M Series A
There is a rising demand for food in Kenya because of a rapidly growing population, increased effects of climate change and rising urbanisation. The country’s food production will, therefore, need to grow by 75% by 2030, according to the Institute ...
Kenya's online marketplace AfricaSokoni raises $445k from an angel investor
AfricaSokoni, an online marketplace based in Nairobi, recently closed an additional US $445,000 in funding as part of its Seed round. The funding round which closed on March 10, 2019, is follow on investment from an already existing angel investor in...
Acumen's $70M fund KawiSafi Ventures has already deployed $21M
In sub-Saharan Africa, more than 600 million people currently live without electricity and spend $17 billion a year on dirty, inefficient energy. On April 17, 2019, Acumen - a US-based nonprofit organisation that makes early stage investments in sust...
Somalia's agrifood startup Agrikaab shuts down its goats and sheep farms
In 2016 Mohamed Jimale launched Ari.farm, an agrifood startup with a crowdfunding model whose mission was to allow individuals from all over the world to invest in and own goats and sheep in Somalia. The animals were taken care of by people in Somali...
What you should know about Seedstars $100M pan-African venture fund
On April 4, 2019, Seedstars - in partnership with First Growth Ventures - announced that it was to raise a $100 million sub-Saharan fund focused on early-stage startups called Seedstars Africa Ventures. The fund will be looking to make its first inve...
What ALA's “The Young Entrepreneurs Fund” means for African entrepreneurship  
Fred Swaniker is a great friend of mine. Not only do we both originate from the centre of the earth (Ghana), we both had stints at Stanford University - though, at different times.   And, like me, he quickly returned to Africa to start the Africa...
U.S. tennis star Serena Williams is an investor in Andela
On Wednesday this week, U.S. tennis star Serena Williams publicly launched her venture capital firm that she has kept from the public eye for close to 5 years. "In 2014, (yes I know I can keep a secret) I launched Serena Ventures," she wrote on her I...
Ghana's KudiGo closes $450k Seed round led by Founders Factory Africa
KudiGo, a Ghanaian fintech & big data startup that is innovating around informal retail, has today announced that it raised a $450,000 seed round. Newly launched accelerator and incubator - Johannesburg-based Founders Factory Africa - led the ...
South Africa's Centbee raises £1M in Series A funding
South African-based Bitcoin company, Centbee, announced today that it has closed its Series A round with entrepreneur Calvin Ayre, founder of Antigua-based investment firm, Ayre Ventures and CoinGeek. Ayre, who has invested £1 million (R18.3 mill...
SA fintech Lulalend to receive $2.8 million from IFC as part of Series A
South Africa-based online lending platform Lulalend is set to receive $2.8 million from the International Finance Corporation - IFC - as part of their Series A. The revelation was made by the IFC disclosure which was made public on April 8, 2019. It...
Founders Factory Africa, Standard Bank invest in first five fintech startups
Founders Factory Africa (FFA) has today announced the selection and investment into their first five fintech startup businesses in Africa. According to the press release, the accelerator - together with Standard Bank - will be looking to scale these...
What You Should Know About Africa's First Unicorn Ahead of Its IPO
Launched in 2012, Jumia Group is set to become Africa’s first technology company to list on the New York Stock Exchange. Additionally, it is poised to become the first unicorn, company with a valuation estimated at over $1 billion. However, althoug...
Africa’s Talking Promotes Chief Commercial Officer To CEO Role
"We can change Africa in our lifetime." This is the mantra that drives everything we do. We know that Africa's unique problems can only be solved efficiently by Africans. Over the years, Africa's Talking has grown to become a company that is communit...
PO8 signs partnership with firm that will lead their $1M investment round
PO8, an award-winning Bahamian tech company in the marine archaeology space is the latest blockchain entrant to the African continent, looking to scale its operations in underwater artefact recovery powered by distributed ledger technology. Strategic...
Senegal's Shopmeaway Raises $100k From State-Supported Startup Fund
Shopmeaway, a tech-enabled logistics company, provides delivery services for customers in Senegal who order from international online stores. The company is one of four startups selected in the inaugural cohort for Délégation Générale à l'Entrep...