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Nearly 40% of African Startup Funding Now Comes From Local Investors
The rise of local fund managers can be traced to support from development finance institutions such as the International Finance Corporation (IFC) through its Catalyst program, as well as British International Investment, Proparco, and AfricaGrow, which backed African VCs as global investors retreated from the continent.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Enerlink Raises $3.1 Million to Accelerate Its International Expansion in Latin America
Enerlink develops integrated charging solutions for electric mobility across Latin America.
- Categories
- Energy, Technology, Transportation
- Region
- Latin America
- Tags
- e-mobility, startups
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WattWallet Expands Digital Access to Prepaid Electricity in South Africa
The South African startup allows consumers to buy prepaid electricity tokens in a few clicks.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Nigerian Defence-Tech Startup Terra Industries Raises $11.75 Million Funding
Terra Industries designs and deploys multi-domain defence systems, spanning air, land, and, eventually, sea, to monitor, detect, and respond to threats such as terrorism, sabotage, and armed attacks on critical assets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Rwandan Fintech Startup Kayko Raises $1.2 Million Seed Funding Round
Rwandan fintech startup Kayko has raised US$1.2 million in seed funding for Kayko to support its mission of using data to unlock access to finance for small businesses across the country.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Africa-Focused Seed Investor Chui Ventures Closes 1st Fund at $17.3. Million, Launches New $60 Million Vehicle
Chui Ventures is an investment company that backs exceptional African startups at the early stage of their growth.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Analysis: Big Bets and Broken Unicorns: Tiger Global’s Rise and Reckoning
The fast-money pandemic era helped build billion-dollar startups around the world — then brought many down just as quickly. Will the AI boom be a repeat?
- Categories
- Investing
- Region
- Global
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Uber Eats Alum Lands $14 Million Seed from a16z to Fix WhatsApp Chaos for Latin America’s Doctors
Solving the WhatsApp communication challenge in Latin America is critical because, according to Merin, patients in Latin America often choose their doctors based on their willingness to communicate using this channel.
- Categories
- Health Care, Investing, Telecommunications
- Region
- Latin America
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