Al Ahly Capital leads MNT-Halan's investment round
Egyptian fintech company MNT-Halan has reached a valuation of $1.4 billion following the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.
Source: Africa Private Equity News
Algebra Ventures leads Series A round for an Egypt-based fintech company
Blnk, an Egypt-based fintech company providing point-of-sale financing, has raised $12.5 million in equity funding and $24.6 million in local debt facilities. The funding will help scale its consumer finance operations in Egypt by offering flexible loan sizes for a wider range of products and services.
Source: Africa Private Equity News
Digital Africa launches the DA Seed Fund
But the gap between where you are and where you need to be—in terms of capital, structure, and credibility—feels like a chasm. Series A investors want traction and demand product-market fit. Pre-seed funds have already done their job. And in between, too many promising companies quietly fail. Digital Africa has spent years building up the seed-to-Series A pipeline from the ground up. Today, with the launch of the DA Seed Fund (DASF), it is taking concrete action to support this effort.
Source: Digital Africa
Edge Growth backs delivery business
The Vumela Enterprise Development Fund, established by FNB Business Banking and fund manager Edge Growth, has invested R20 million ($1.23 million) in Breaze Delivery, a South African logistics and delivery platform. This investment will support the company’s next phase of growth and expansion, including the scaling of its technology platform, extension of its driver network, and broader geographic growth to meet rising demand from SME customers and retail partners.
Source: Africa Private Equity News
Edge Growth backs South African energy company
South African company Creslow Energy Solutions has received an investment from the Abadali Fund, managed by Edge Growth Ventures.
Source: Africa Private Equity News
Holocene reaches the final close
Holocene closes Southern Africa's first dedicated climate tech fund.
Source: Holocene
Knife Capital exits VoxCroft Analytics
Knife Capital, through its KNF II fund, has exited its stake in VoxCroft Analytics Inc., the American entity of South African-based VoxCroft, to Redpoint Advisors, a US-based intelligence advisory firm.
Source: Africa Private Equity News
Mercy Corps Ventures invests in a logistics platform
Mercy Corps Ventures has invested in Logidoo, a logistics platform focused on French-speaking North and West Africa.
Source: Africa Private Equity News
Origen Private Debt Fund backs Project Shiprite
Ghana-based Origen Private Debt Fund is participating in the $137 million financing of Project Shiprite, with a GHS 23 million (about $2 million) local-currency debt commitment.
Source: Africa Private Equity News
RMB Ventures exits Marltons Pet Care
RMB Ventures facilitated the exit of Marltons Pet Care (Pty) Ltd through its sale to Montego Pet Nutrition – concluding a seven-year investment partnership with Bachique International.
Source: RMB Ventures