Startup COOKO raises €800k for cocoa traceability
Ag-tech startup COOKO has raised €800,000 in pre-seed financing to develop its traceability system that aims to monitor the cocoa supply chain from farmer to food producer and help support sustainability.
Source: Securing Industry
Berry Health raises $1.6m pre-seed funding
London-based consumer health startup Berry Health raised $1.6m from Lightspeed Venture Partners and General Catalyst to democratize access to healthcare in Africa, starting out with mental health, sexual health and dermatology.
Source: London Business Wire
DRC solar company, Nuru, raises US$40mn
Nuru, a startup focused on energy solutions, has recently attained a significant milestone by securing $40 million in equity funding.
Source: Tech In Africa
Gemcorp Capital supports Walkabout's Tanzanian graphite mine
Gemcorp Capital supports Walkabout's Tanzanian graphite mine to commence production by end 2023.
Source: Gemcorp
Nigerian mobility fintech Moove closes US$8mn
Nigeria's mobility fintech company Moove, Uber's largest vehicle supply partner in EMEA, has secured US$8 million in financing from Absa
Source: Disrupt Africa
SoftBank invests in African renewable energy
Dubai-based AMEA Power secures $75 mn funding from Japan's SoftBank. AMEA Power, a renewable energy developer in Africa, announced this week that it has secured $75 million in equity funding from SoftBank Group (SBG) Corp, a Japanese investment holding company.
Source: Energy & Utilities
Verdant Capital funds Patasente Uganda
Verdant Capital is pleased to announce a revolving credit facility for Patasente Uganda (“Patasente”), a digital trade services platform
Source: Verdant Capital
TLG Capital leads Zuvy's US$4.5mn funding round
Zuvy, a Nigerian-based invoice financing company, has emerged from stealth with $4.5M in equity and debt funding, led by TLG Capital.
Source: Further Africa
BlueOrchard holds second closing of climate fund
IIF PE II aims to build resilience against climate change and provide affordable climate risk insurance protection to vulnerable populations and small businesses. It follows in the footsteps of its predecessor, whose nine portfolio companies have so far provided insurance cover to over 48 million beneficiaries in more than 45 countries (as of June 2023).
Source: BlueOrchard
Egyptian fintech Flash raises US$6mn in seed round
Driving financial inclusion through digital payment methods is among the top priorities for the governments of Africa’s biggest tech ecosystems where cash is still king. Several initiatives launched by these governments have increased the number of banked citizens in their respective countries.
Source: TechCrunch
Climate Fund Managers invest in Solar Technology
Climate Fund Managers (CFM), a leading climate-centric blended finance fund manager and manager of renewable energy focused blended fund, Climate Investor One (CI1), today announced that CI1 achieved commercial close of a $102 million investment in Norwegian renewable energy company Release by Scatec (Release), a wholly owned subsidiary of Scatec ASA (Scatec).
Source: Climate Fund Managers