Venture capital

South Africa: Maxwell+spark wins $15m backing for lithium-ion battery expansion

New investors Chevron and Idemitsu join Klima to advance industrial electrification.

Oct 28

Portugal Gateway Fund, 4Di Capital, Accion, others back B2B digital lending startup

Kuunda has completed its pre-Series A funding round.

Oct 22

Nigeria: Rana Energy raises $3m

Rana Energy announced the close of its $3 million pre-seed funding round.

Oct 16

African trade finance platform raises $1.8m

The round was backed by Ingressive Capital, Launch Africa, 54 Collective, Digital Africa, and Techmind alongside prominent fintech angels.

Oct 9

Yango Ventures invests in Kenya's Zanifu

Zanifu enables access to working capital for SMEs across Africa.

Sep 29

Tanzania: DOB Equity invests in agritech company MazaoHub

The Tanzanian agritech company seeks to transform smallholder farm productivity.

Sep 23

Newfund Capital, CDG Invest, LoftyInc, others back Nucleon Security

Nucleon Security, a provider of cybersecurity solutions, announced a late seed funding round of €3 million.

Sep 18

AfricInvest and Partech back $22m round for Kredete

Fintech helps African immigrants build credit while facilitating cross-border payments.

Sep 16

Janngo Capital backs recruitment platform

Janngo Capital has invested in Jobzyn, a Moroccan recruitment platform.

Sep 12

South African fintech startup Float raises $2.6m

Float has secured $2.6 million in funding co-led by Invenfin and SAAD Investment Holdings.

Sep 10

Egypt: Cross-border digital bank raises $3m

Cairo-based fintech company Munify has raised $3 million in a seed round led by Y Combinator.

Sep 5

Refrigeration company raises $11m from Aruwa Capital, KawiSafi Ventures, others

Koolboks – an Africa-focused renewable energy refrigeration company – has closed an $11 million Series A funding round.

Sep 4

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