ToumAI Secures $1.03 Million in pre-seed funding
February 12, 2025
ToumAI, a Moroccan AI tech startup, has announced the close of a EUR 1 million (US$1.03 million) pre-seed funding round. The startup will use the funding to help expand the development of its personalised, adaptive,…
Tawuniya Partners with MoneyHash to Revolutionize Insurance Payments in MENA
February 12, 2025
The Company for Cooperative Insurance (Tawuniya), the largest insurance company in MENA, today announced a strategic partnership with MoneyHash, the Middle East and Africa’s leading payment orchestration platform, at LEAP 2025 in Riyadh. This collaboration…
P1 Ventures Secures $50M to Invest in African Startups
February 12, 2025
P1 Ventures – the early-stage, Pan-African VC – has completed the final close of its first $50 million institutional fund and welcomed African conglomerates, family offices, and partners at global VCs, alongside the World Bank’s…
Raenest Secures $11M Series A to Expand Cross-Border Banking for Africans
February 12, 2025
Raenest has announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture…
Fostering a thriving African Startup ecosystem through collaboration
February 10, 2025
Gerald Maithya is the General Manager, Microsoft Africa Transformation Office In recent years, Africa has emerged as a vibrant hub of innovation, driven by a new generation of entrepreneurs who are leveraging cutting-edge technologies to…
StarkWare Launches $4 Million Venture Fund to Support African Blockchain Startups
February 10, 2025
StarkWare has announced the launch of a $4 million venture fund to support blockchain startups across Africa. The fund is led by Kheireddine Kamal, a seasoned African entrepreneur and investor. Kamal has worked with several…
Verto Launches Global Business Award to Empower Early-Stage Startups in Africa
February 7, 2025
Verto has launched the Verto Global Business Award—a transformative initiative to recognize and accelerate the growth of early-stage startups. With a prize pool of up to USD 15,000, the award will spotlight the most promising sector-agnostic…
Foundation Ventures Closes $25M Fund to Back Egyptian and African Startups
February 4, 2025
Egypt-based VC firm, Foundation Ventures, has closed a $25 million fund, ‘FVFII.’ A portion of the capital will be allocated to investing in promising African startups. The fund has attracted investors such as the Egyptian…
i3 Shifts Focus to Growth-Stage Startups
February 3, 2025
Investing in Innovation Africa (i3) has announced a pivotal change to its 3rd cohort selection to prioritise the immediate support for 5-7 growth-stage companies building the Future of Pharmacy care in Africa. This announcement comes after…