Renda Closes a $1.9 Million Pre-Seed Funding Round
May 3, 2024
Renda, a Nigerian technology solution that simplifies order fulfillment and retail distribution for businesses in Africa, has announced the close of a its pre-seed round at $1.9m in equity and debt funding. The equity investment…
Saad Kassis Mohamed led WeCare Raises $350000 for Lab-Grown Diamonds
May 2, 2024
Saad Kassis Mohamed, leading WeCare, proudly announces a milestone achievement with the successful raise of $350,000 dedicated to accelerating innovation in the lab- grown diamond sector. This significant funding marks a pivotal moment in the…
Twiga Foods Appoints Charles Ballard as its new CEO
April 30, 2024
Twiga Foods has today announced the appointment of Charles Ballard as its new CEO. Charles was previously the CEO of Jumia Kenya, a position he has held for just one year. He has over 15…
Nigeria’s on-demand delivery service, Chowdeck, Secures $2.5 Million in Seed Funding
April 30, 2024
Chowdeck, a Nigerian on-demand delivery service has secured $2.5 million in seed funding from a number of investors. Founded in October 2021, Chowdeck currently has more than 3,000 riders and 500,000 users on its platform….
Ethiopia's Kubik Raises Additional $1.9 Million Seed Funding Extension
April 29, 2024
Kubik has announced the completion of $5.2 million seed funding round. The seed round makes Kubik the first Ethiopian company to raise a multi-million dollar investment in climate and sustainability solutions. Investors in the round include…
Four Kenyan Startups Among Top 10 African Startups Shortlisted for Qualcomm Make in Africa 2024
April 26, 2024
Qualcomm has today announced the 10 shortlisted startups for Qualcomm Make in Africa 2024. It is an equity-free mentorship program that finds promising early-stage startups that use advanced connectivity and processing technologies such as 5G,…
Kenyan Startup, GoBEBA, Among the 3 Startups in Madica’s First Set of African Portfolio Companies
April 24, 2024
Madica has announced its first set of investments in three African startups. Madica is a structured investment program designed for pre-seed stage startups in Africa. Each of the three startups will receive $200,000 and will…
The African Private Capital Association (AVCA) Launches 20th Annual Conference & VC Summit in Johannesburg
April 23, 2024
The African Private Capital Association begins its 20th Annual AVCA Conference & VC Summit in Johannesburg today. More than 700 industry practitioners from 60 countries around the world will come together to advance new ideas…
Chunguza Travel, a Ugandan Online Travel Booking Platform, Secures $200,000 in Seed Funding
April 23, 2024
Chunguza Travel, a Ugandan self-service online travel reservation platform, has announced the successful raise of $200,000 in seed investment. Launched in December 2023, Chunguza Travel is breaking down barriers and transforming travel planning for individuals…