Barely a fortnight after TLcom’s huge US$154 million fund II closure, unicorn-backed Norrsken22 announces plans to ramp up its investments in African fintech.

Discover how Productive Use of Renewable Energy (PURE) technologies, including solar irrigation and cold chain solutions, are gaining investor interest despite a downturn in global off-grid solar sector funding.

Barely a fortnight after TLcom’s huge US$154 million fund II closure, unicorn-backed Norrsken22 announces plans to ramp up its investments in African fintech.

Flourish Ventures' Madica program intensifies its investment efforts in Africa, targeting up to 30 startups by the end of its three-year program, with a focus on underrepresented founders and diverse sectors.

Discover how Egypt’s Beltone Venture Capital and Citadel Holdings' CI Venture Capital join forces to boost the growth of early-stage tech startups across the MENA region with a $30 million investment fund.

TLcom Capital, an African VC firm, concludes fundraising for its second fund, TIDE Africa Fund II, totaling $154 million, positioning itself as Africa’s largest investor across seed and Series A.

Despite a dip in overall funding levels, the continent is witnessing a marked increase in the number of ventures securing $1 million or more.

Discover how Verod-Kepple Africa Ventures' $60 million inaugural fund, fueled by Japanese and Nigerian investors, aims to bolster growth-stage startups across Africa, bridging the gap in available capital for Series A and B companies.

In Q1 2024, African startups faced a significant 51.36% drop in funding compared to the previous year, totaling at least $369 million across 64 deals. Despite the decline, sectors like mobility and cleantech showed promising growth, while M&A activity and startup closures reshaped the landscape.

Baobab Network, on its mission to empower African startups, acquires Reflector Marketing to bolster portfolio companies’ marketing strategies, signaling a shift towards comprehensive support beyond funding. 💼💡

Joining the ranks of African entrepreneurs turned investors, Sim Shagaya launches The Honey Badger Fund (HBF), a new venture aimed at backing exceptional startups in Africa. With a focus on providing not just funding but also valuable experience, Shagaya's initiative marks another step forward in Africa's burgeoning startup ecosystem.

Satgana, a climate-tech venture capital firm, has successfully closed its first fund at €8 million ($8.6 million), targeting up to 30 early-stage startups in Africa and Europe. Led by founder Romain Diaz, the firm secured commitments from notable investors, including Maurice Lévy of Publicis Groupe and Thibaud Hug de Larauze, co-founder of Back Market. Despite challenges in fundraising, Satgana plans to focus on investing in climate change mitigation and resilience-building startups, particularly in mobility, food and agriculture, energy, industry, and the circular economy sectors.

Discover the secrets behind Oui Capital's success in fostering African startups' growth, from early-stage investments to nurturing budding entrepreneurs.

Pharmacy Marts secures a significant investment boost from Acasia Ventures, signaling a major milestone for the Egyptian health tech startup and its plans for expansion across African markets.

XSML Capital's latest milestone sees the successful launch of its fourth fund, African Rivers Fund IV (ARF IV), with a significant first close of $98.7 million, signifying a remarkable leap in investor confidence and paving the way for expanded investments in Central and Eastern Africa.

Meet Antonia Bothner, Capital Markets Lead at Endeavor South Africa, who transitioned from a UK pension fund job to empower disruptive tech entrepreneurs. Discover how Endeavor, with a focus on high-growth startups, provides mentorship, global networks, and funding, contributing to the rise of unicorns in emerging markets.

Invest in the future with Ring Africa! This $55 million fund is driving positive change by backing innovative startups addressing Africa's unique challenges. Join the movement, empower entrepreneurs, and contribute to sustainable solutions for a brighter future. 🌍✨

Dive into the insightful world of Bolaji Sofoluwe, Founder of ETK Group, as she shares her journey in supporting women-led businesses. Uncover the impact of mentorship, challenges of gender bias in funding, and practical strategies to close the funding gap in the African business landscape. 🌍💰

Explore the $45 million vision of Verod-Kepple Africa Ventures (VKAV), backed by industry veterans Ory Okolloh, Ryosuke Yamawaki, and Satoshi Shinada. With decades of African operational and investment experience, VKAV is shifting focus to growth-stage startups, bringing hands-on support, a unique lens on scalability, and a commitment to diverse exits.

Exciting news in the African startup ecosystem! Conducive Capital, led by Clive Butkow and Mitchan Adams, has unveiled a $50 million venture capital fund targeting early- and growth-stage startups in South Africa and beyond. With a focus on disruptive technologies and fostering diversity, the fund aims to provide not just capital but strategic guidance and mentorship to nurture the next generation of industry frontrunners. 🌐💰

Dubai-based COTU Ventures has raised a stellar $54 million for its debut fund, aiming to propel early-stage startups in the Middle East through pre-seed to seed stages. 🌐 Discover how the firm actively supports fintech and B2B software, fostering innovation and growth in the region's dynamic tech ecosystem. 💡🚀

Amid a global decline in investor activity in Africa, Partech successfully closes its second Africa fund at over $300 million, reaffirming its commitment to support African startups. The fund, focusing on seed to Series C rounds, aims to provide stability and assistance to startups navigating challenging times in the continent's evolving investment landscape.

Discover how Catalyst Fund, a pre-seed VC fund and accelerator, is propelling innovation in Africa by investing in six climate-tech startups within the last four months. With a vision to enhance resilience in underserved communities, Catalyst Fund's targeted US$40 million fund, backed by influential investors, is making waves in the climate-tech space. 🚀🌍

Explore the rising tide of African venture capital with new funds like Partech Africa II and Novastar Ventures' Africa People + Planet fund, tapping into fintech and climate sectors. As Africa's young, tech-savvy population grows, discover how these funds aim to disrupt energy and agriculture, providing stability in local markets. 🌱💡

Rally Cap VC, known for its focus on emerging markets fintech, has ventured into climate tech with the launch of Rally Cap Climate, a $5 million fund. The move reflects a shift in investment trends, as climate tech gains prominence as the new frontier. The fund has already achieved its first close at $2.5 million and anticipates a final close at $5 million.