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Egyptian digital healthcare startup Yodawy, which has pioneered a pharmacy benefit management platform in the MENA region using technology, expert pharmacists, and state-of-the-art logistics, has raised US$10 million in extra funding, taking its total raised capital to US$34.5 million. Founded in…
Kenyan climate-tech startup has KOKO has raised an undisclosed amount of funding from Rand Merchant Bank (RMB). KOKO replaces demand for charcoal through supplying over 1.1 million homes with bioethanol cooking fuel distributed through a dense network of high-tech KOKO Fuel ATMs located in…
Ivory Coast-based eyecare startup Lapaire has secures US$3 million in equity funding to fuel its growth and expand across Africa. Founded in 2018, Lapaire offers a trusted and accessible eyecare experience, leveraging a one-stop-shop customer-centric approach to provide stylish quality eyeglasses…
Kenyan startup Badili, a reverse commerce, or “re-commerce”, platform for refurbished phones, has secured an undisclosed amount of seed funding from E3 Capital to help it expand into more markets across East Africa. Founded in 2021 and already operating in Kenya, Tanzania, and Uganda, Badili…
Tunisian startup Cynoia, which aims to become the ultimate collaboration hub for teams, is plotting West African expansion off the back of a EUR850,000 (US$930,000) funding round. Founded in 2022 by Nasreddine Riahi and Ayoub Rabeh, Cynoia aims to simplify and optimise collaboration within…
Egyptian ed-tech startup iSchool has raised US$4.5 million in funding to accelerate its expansion plans into six additional countries in the MENA region, among other things. Founded in 2018, by Mohamed Algawish, Mustafa AbdelMon’em, Ebrahim Youssef and Mohamed Nabil, iSchool offers live gamified…
The Kigali-based electric transport energy company Ampersand has raised US$19.5 million in equity and debt funding to help it continue to expand operations. Formed in 2016, Ampersand assembles and finances electric motorcycles that cost less to buy and operate, and perform better than the five…
Tunisian startup Imaginario AI, which uses AI to help process video and audio content, has raised a US$1 million pre-seed round of funding to help it scale internationally. Founded in 2021 by Jose Puga and Abdelhak Loukkal, Imaginario AI revolutionises the processing of video and audio content…
Africa, like the rest of the world, is going through a VC funding “winter”, with a capital crunch threatening the survival of many leading startups. But Erick Yong, from Africa-focused investor GreenTec Capital Partners and the Zeitec Investment Office, remains bullish on the African tech space in…
Egyptian startup Chefaa, a patient-centric pharmacy benefits platform, has raised US$5.25 million in funding to accelerate its growth and fuel expansion in Saudi Arabia. Founded in 2017 by Dr Doaa Aref and Dr Rasha Rady, Chefaa allows users to easily order, schedule, and refill recurring…
Nigerian social commerce startup MAKA, which makes discovering and purchasing fashion items seamless and enjoyable, has raised a US$2.65 million pre-seed round of funding to help it scale. Founded by CEO Diana Owusu-Kyereko in 2021, MAKA is an interactive social commerce platform which, through…
Venture capital funding has declined significantly across the world in 2023, and though there were initial hopes that the nascency of the African tech ecosystem might mean it avoided too much damage, the growing size of the continent’s “startup graveyard” suggests that is not the case. Venture…
Twelve startups have been selected for the second edition of the ARM Labs Lagos Techstars Accelerator, which provides access to up to US$120,000 in equity funding and other types of support. Launched by Techstars, a global investment business that provides access to capital, one-on-one mentorship…
Egypt’s WayUp Sports is an e-commerce platform specialised in performance-based sports gear – so far, so normal, until you discover its founded by three siblings and is already set for international expansion after banking funding. Founded in 2021 by siblings Omar, Mohamed and Basma Afif, WayUp…
Nigerian startup Bujeti, an end-to-end expense management and budgeting platform, has raised US$2 million in seed funding to accelerate its growth and boost market share. Founded in 2021, financial management platform Bujeti is transforming the landscape of corporate finance management for…
Kenyan startup tappi, which helps SMEs build their online identity through a chat tool that automatically creates a webpage, has raised US$1.5 million through an oversubscribed pre-seed round of funding to help it digitise and build online trust for African SMEs. Founded by Kenfield Griffith and…
Egyptian online car parts marketplace Mtor has raised US$2.8 million in pre-seed funding to help it expand its product suite to digitise local car workshops. Founded in 2022 by Mohamed Maged, Moaz El-Megharbel, Mohamed Altaf and Khaled Kandil, Mtor provides a unified platform for local car…