Launch Africa
Gameball raises $3.5M to scale its CRM platform for consumer brands
The uptake of customer relationship management (CRM) tools has grown immensely over the last few years such that the market size is expected to experience a 12.5% compound annual growth…
Pan-African ‘gender equal investor’ Janngo Capital hits first close of €60M fund
After stints at Jumia as its former managing director at its Nigerian office and founding CEO of its Ivorian office, Fatoumata Bâ, a veteran of the African tech space, announced…
Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets
Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years. Countries such as Nigeria, Kenya and South Africa are…
Africa-focused fintech Zazuu raises $2M to scale its cross-border payment marketplace
The remittance inflows to sub-Saharan Africa over the past decade have been on an upward trajectory since 2020; last year, it increased by more than 6% to $45 billion. However,…
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As the global venture capital market slows, Africa charts its own course
Experts say that most recent deals were finalized months before macroeconomic challenges hit the global VC landscape. This means there’s a lag in what’s reported as the current state of VC in Africa.
Launch Africa, the VC firm that has backed over 100 startups, closes first fund at $36.3M
Pan-African venture capital fund Launch Africa Ventures today is announcing the close of its $36.3 million fund, which it has primarily used to invest in B2B and B2B2C startups across…
Bypa-ss raises $1M pre-seed to expand health tech product across Egypt
Digital healthcare continues to thrive globally following the effects of the pandemic last year, but venture capital inflows differ regionally with Africa lagging behind the rest of the world. However,…
RxAll grabs $3.15M to scale its drug checking and counterfeiting tech across Africa
Research says that counterfeit medication is the cause of 1 million deaths per year. One-tenth of this number comes from Africa. Counterfeiting is hard to detect, investigate, quantify or stop.…
Kenyan foodtech startup Kune raises $1M pre-seed for its ready-to-eat meals service
While there has been a wave of innovation in food tech worldwide, it’s still in early days for Africa. There are only a handful of African food-tech startups, and a…
Afriex raises $1.2M seed to scale its payments and remittances platform across Africa
Sending money from the U.S. to Nigeria can be a painstaking process. For remittance platforms like Western Union, it will cost a transfer fee and take between one to five…
