Releaf a technology startup Secures $3.3 million pre-series unveils new technologies

Releaf, a technology startup that empowers African manufacturers, has raised $3.3 million in a Pre-Series A fundraising round that was oversubscribed. Two new innovations will be introduced with the help of the new funding: SITE, a geographic mapping tool that determines the most advantageous placement of food processing assets, and Kraken II, a portable version of its award-winning palm nut…
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Norebase Secured a $1 million Pre-Seed Funding

Norebase, a Nigerian-based tradetech company launched in 2021, has secured a $1 million pre-seed funding round to accelerate plans to build a plug-and-play company incorporation technology. According to the company, the funding will broaden its trademark registration…

$2.25bn Raised By African startups in first four months of 2022

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…
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Afriex raises $10 million in Series A funding

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…