Data About Africa's Tech Companies

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In Brief: SA's WhereIsMyTransport Secures $1.85M Series A
WhereIsMyTransport has received an investment of USD 1.85 million as part of its Series A funding round. Returning investor, Goodwell Investments, is joined by Liil Ventures, a Corporate Venture Capital fund in the mobility sector. The company sec...
Scaleup accelerator Growth Africa extends cohort application deadline
Growth Africa has announced the extension of the deadline for applications to its 2019 cohort. The new application period is until January 31, 2019. The Nairobi-headquartered business scaleup accelerator has operations across Kenya, Uganda, Ethiop...
Alibaba extends the relationship with Rwanda to the rest of East Africa
In December 2018, we reported that Alibaba and the Rwanda Development Board (RDB) were organising a unique e-Founders Fellowship Program for Rwandan entrepreneurs. According to the notice from RDB, the program was slated to kickstart in February this...
SolarNow closes $9M to deploy new off-grid solar systems across Uganda
SolarNow, a Uganda-based company that sells and finances solar home systems, has raised $9 million in debt. SunFunder, a longtime debt financier for the company arranged the debt facility alongside co-lenders responsAbility and Oikocredit. The fun...
Africa's 50 most funded tech companies in 2018 raised a total of $618M
This Thursday, we shall release the Digest Africa INDEX, an annual report that summarises Africa's technology investment landscape. As a build-up to the day, we shall release snippets of what is contained in the report. In this article, we look at th...
Kenya's Cellulant raised the $47.5M at a $105M valuation
In May last year, Kenyan financial services company - Cellulant - announced that it had raised a $47.5 million Series C led by TPG’s Rise Fund. There were no further details disclosed regarding the terms of the deal at the time. However, accordi...
Why are African startups launching in multiple countries before they even hit seed stage funding?
Most investors in the US or Europe would think it was crazy if their pre-seed or even seed stage company was planning an international launch. The advice would likely be: stay focused, prove product-market fit first then think about international exp...
13 rounds (adding up to $11M) from 2018 that you didn't know took place
Last year was filled with a lot of activity that it was so easy for one to miss some of it. According to our research, it was probably the highest year that startups and companies in Africa - with holding companies in the US - filed with the SEC. ...
10 companies in Africa that might go ahead with their IPOs in 2019
Going public in an initial public offering (IPO) is a milestone for most private companies. Yet, different companies go public for different reasons. Small ones are usually looking to further their growth by using an IPO as a way to generate the capi...
These are the 50 African startups to watch in 2019
Digest Africa's vision is to organize all the information and data about Africa's tech startup ecosystem and also disseminate it in ways that are easier to consume and understand. That is why we are launching the Digest Africa NEXT50, to make it easi...
Exclusive: SA's Fintec Labs secures $2M Series B from ABSA Bank
Fintec Labs, a South African financial technology incubator, has announced the raising of 30 million Rand (~$2,064,600) from ABSA Bank. Daniel Van Tonder, CEO and Co-Founder of Fintec Labs - a former banker and data scientist with Absa and later B...
These are our best 19 stories of the African tech ecosystem in 2018
Last year was arguably the best year the African tech ecosystem has ever had. From the launching of new funds, record acquisitions to underserved regions picking up. We have decided to pick out the best 19 stories that we believe shaped the landscape...
BitPesa closed $2.2M in funding according to their recent SEC filings
BitPesa, a digital foreign exchange and payment platform, raised $2.2 million in a bridge round. That is according to an SEC filing that the company made on June 14, 2018. The startup was seeking to raise a total of $2.5 million, but, they came sh...
M-Kopa secures funding from Japan's Sumitomo Corporation
Japanese multinational, Sumitomo Corporation [in Japanese], has invested in M-Kopa. The deal was announced on December 18, 2018, though the exact amount, as well as other details about the deal, weren't disclosed. But, Sumitomo will take a corporate...
African Leadership Academy raised $28M Series B from Omidyar Network
African Leadership Academy (ALA), a South African education institution, raised a further $28.19 million Series B last year. The amount came from long-time funder - Omidyar Network. ALA raised the amount mid last year, according to their SEC filings ...