A total of $2.25 billion was raised in funding activities by tech companies in Africa in the first four months of 2022, according to data from the Big Deal compiled by Max Cuvellier, Head of Mobile for Development, GSMA, and Maxime Bayen, Senior Venture Builder for BFA Global.
The $2.25 billion represents 2.5 times the amount the startups raised by the end of April 2021, five times the amount…
Afriex, a Nigerian blockchain-based money transfer startup, announced it has raised $10 million in Series A funding to expand its blockchain money transfer app.
The round was led by Sequoia Capital China and Dragonfly Capital with participation from Goldentree, Stellar…
Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customized programming for early-stage entrepreneurs, in partnership with ARM Labs, a Lagos-based innovation program focused on helping fintech startups, announces the launch…
OnePort 365, a Lagos, Nigeria-based digital freight forwarding company, raised $5M in Seed funding.
The round was led by Mobility 54 (the Venture Capital arm of Toyota Tsusho and CFAO Group), with participation from SBI Investment, Flexport, Samurai Incubate, and ODX.
The company intends to use the funds for expansion into new markets across the continent.
Led by CEO Hio Sola-Usidame, OnePort 365…
Rise.ng raises $150,000 pre-seed funding to revolutionalise service delivery
April 18, 2022
Nigerian startup, Rise.ng has secured a $150,000 pre-seed round as it is set to launch it business operations in the country.
The tech startup said it wants to revolutionalise service delivery as it focuses on the low-income earners; majorly artisans and vendors that do not…