Data About Africa's Tech Companies

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After Expanding To Kenya, Egypt's Swvl Is Now Headed To Uganda
Towards the end of 2018, Mustafa Kandil, co-founder and CEO of Swvl, told Almal News some of their expansion plans. He pointed out that they were looking to expand to “10 cities outside Egypt in 2019, beginning with the Philippine capital of Mani...
Investisseurs & Partenaires Announces Final Closing For €75M Africa Fund
The Investisseurs & Partenaires (I&P) impact investment group, dedicated to African small and medium-sized companies, completed the interim closing of the I&P Afrique Entrepreneurs 2 (IPAE 2) fund, enabling it to reach a total amount of ...
VC Firm VestedWorld Joins Kasha's Growing List Of Backers
VestedWorld, an emerging markets-focused venture capital fund, has announced its investment into Rwanda's Kasha - an e-commerce company focused on women’s health and personal care. VestedWorld revealed no further details regarding the deal except p...
Beyond Capital Fund announces investment into Kenya's Tulaa
We had erroneously stated this as a follow-on round. Instead, it is a part of the $627,000 seed round which they announced in July 2018....
Tunisia's med.tn secures $660k from Carte Assurance
Med.tn, an online platform that allows users to find doctor closest to them and make appointments for free, recently closed an investment from Carte Assurance, one of Tunisia's leading insurance companies. The two companies signed the MoU towards ...
Kenya's FarmDrive Receives Additional Investment Led By Existing Backer
FarmDrive (FD), a Kenyan startup set to unlock millions of dollars in loans for smallholder farmers in Kenya and sub-Saharan Africa, received a follow-on investment from EWB Canada last month, with participation from AK IMPACT INVESTORS, 1 to 4 Found...
Why Everyone Is Confused By "African Startups" Funding Figures
On January 14, 2019, we released our very first report - Digest Africa Index - which focuses on investment into Africa's early stage and technology companies for the year 2018. In that report, we pointed out that these companies were involved in 4...
In Brief: Partech Doubles Africa Fund To $143M, Opens Nairobi Office
Partech has doubled its Africa VC fund to $143 million and opened a Nairobi office to complement its Dakar practice. The Partech Africa Fund plans to make 20 to 25 investments across roughly 10 countries over the next several years, according to G...
In Brief: Qatar Investment Authority To Infuse $200 Million In Airtel Africa
Bharti Airtel Ltd. will raise $200 million, or Rs 1,400 crore, from Qatar Investment Authority to pare debt at its Africa unit as it plans to list the business in the continent. This is the second fund infusion by India’s No. 2 telecom operator ...
In Brief: Nigeria’s Mavin Records secures funding from Kupanda Holdings
Mavin Records, one of Nigeria’s best-known local record labels, has secured a multi-million dollar investment from Kupanda Holdings. Kupanda Holdings is a joint venture between pan-Africa investment company Kupanda Capital and TPG Growth. If the...
Egypt's street food vendor Zooba Eats raises $4M for US expansion
Zooba Eats, an Egyptian street food restaurant chain, recently raised a $4 million Series A from an undisclosed group of investors. Although the deal was announced on January 14, 2018, according to their SEC filings, it was concluded last year and th...
India & East Africa focused Shortlist closes $2M Series A
Shortlist, a staffing and recruitment startup focused on India and East Africa, has closed a $2 million Series A round led by Blue Haven Initiative. The round also saw participation from "Compass Venture Capital, existing investor Zephyr Acorn, and s...
Kalon Venture Partners leads $1.5M Series A for SA startup Flow
South African venture capital firm Kalon Venture Partners today announced that a lead investment of R10 million (~ $1,465,400) had been made in local proptech platform Flow, an app that rewards tenants for good behaviour. With Flow, the first app ...
Updated: Former U.S. VP Al Gore's firm leads Andela's $100M Series D
Andela, an Africa-focused outsourcing firm for software engineers, is raising a $100 million Series D led by Generation Investment Management according to a report by Bloomberg Businessweek. The round also saw participation from existing investors i...
Building a more sustainable and better Digest Africa for you
Hi all, I would like to thank you for being a part of Digest Africa. Some of you have been with us from the very start - on March 1, 2017, while others have joined us along the way. We started Digest Africa (as Startup Digest Africa) close to t...