African defense technology startup Terra Industries has secured an additional $22 million in funding just one month after announcing an $11.75 million round led by 8VC.
African defense technology startup Terra Industries has secured an additional $22 million in funding just one month after announcing an $11.75 million round led by 8VC.
Ventures Platform, one of Africa’s most active early-stage investors, has raised $64 million toward the $75 million target for its second fund, marking another milestone for the continent’s growing venture ecosystem.
Chowdeck, a Lagos-based food delivery platform that has achieved profitability in one of the world’s toughest, lowest-margin markets, has raised $9 million in Series A funding to expand operations in Nigeria and Ghana and launch a quick commerce service.
Bereket Engida, a self-taught programmer from Ethiopia, has secured $5 million in seed funding for his startup Better Auth—a developer tool that’s quickly gaining traction for its ease of use and open source foundation.
African neobank PalmPay is in discussions to raise between $50 million and $100 million in a Series B round, according to sources familiar with the talks.
Karim Jouini and Jihed Othmani, co-founders of African fintech success Expensya, are back in the startup world just two years after selling their company in one of the region’s biggest tech acquisitions. Their new venture, Thunder Code, is a generative AI platform built to automate software testing. Despite previously swearing
Nigerian cleantech startup Arnergy, backed by Bill Gates’ Breakthrough Energy Ventures, has raised $18 million in Series B funding to expand access to solar power in Nigeria.
Montreal-based healthtech startup Vopemed (formerly Vope Medical) has secured $2.29 million CAD in pre-seed funding to accelerate the development and clinical rollout of Claris, its AI-driven image enhancement platform for surgery.
Djamo, a YC-backed fintech based in Ivory Coast, has raised $17 million in its latest equity round, the largest VC funding ever for an Ivorian startup. The company now serves over one million users across Ivory Coast and Senegal, aiming to become the go-to digital bank in Francophone West Africa.
