Venture capital

Grindstone Ventures targets Seed-to-Series A funding gap

South Africa-based Grindstone Ventures has launched a R500 million ($30.92 million) venture fund.

Sep 10

Proparco invests $1.5m in ARC Ride

The investment forms part of ARC Ride’s $33.3 million financing round.

Sep 9

Novastar Ventures and Norrsken22 back ARC Ride’s $33.3m round

ARC Ride plans to expand in markets including Ghana, South Africa, Tanzania and Uganda.

Sep 8

Village Capital backs two Nigerian startups

The investments bring the facility’s portfolio to seven companies across Ghana and Nigeria.

Sep 4

South African-founded Verascient raises $1.2m

The round was backed by Founder Collective, Andrena Ventures, Cambridge Enterprise and Summit Ventures.

Aug 25

Nigerian payments platform raises $500,000 pre-seed funding

Pouchers has raised $500,000 in pre-seed funding led by Stack Directory.

Aug 19

Jem raises $8.4m Series A led by Quona Capital

The South Africa-based company provides workforce management tools for deskless teams through WhatsApp.

Aug 18

Terra Industries extends seed round to $52m

Terra Industries is a defence technology company building autonomous security systems to protect critical infrastructure in Africa and other developing…

Aug 17

Mobility platform Naran raises $10m

Naran provides rent-to-own financing for cars and motorcycles.

Aug 15

SC Ventures and Sony Innovation Fund back Yellow Card

Yellow Card, a stablecoin infrastructure provider, today announced the closing of a $40 million funding round.

Aug 6

AlphaCode Venture Partners leads $22m Moment Series A round

Moment provides payment infrastructure for businesses across African markets.

Aug 4

Launch Africa Ventures makes seed investment in Zazu

South Africa-based Zazu provides business banking services for African entrepreneurs and SMEs.

Jul 22

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