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Press Release: LoftyInc Capital Announces $43 Million First Close of its New Pan-African Seed Fund
LoftyInc Capital Management has secured a $43 million first close for its new LoftyInc Alpha Fund, a late-seed investment vehicle aimed at scaling Africa’s most promising tech startups, particularly in Nigeria, Egypt, Kenya, and Francophone Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Africa’s Startup Funding Crisis Deepens as Mastercard Foundation Exits Top VC Firm
Mastercard Foundation pulls out of its $100 million commitment to African venture capital firm 54 Collective.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Nigerians Are Building Affordable Alternatives to AWS and Google Cloud
Local cloud startups offer data sovereignty at a time when the debate about who has access to a country’s data is heating up.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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AI-Powered Healthcare: Qatar’s Lillia Secures USD 1.7 Million Grant
Lillia aims to scale its services across the MENA and Southeast Asia region in order to place itself as a competitor in AI-led chronic diseases management.
- Categories
- Health Care, Technology
- Region
- Global
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Egyptian Ed-Tech Startup Eyouth in $6 Million Digital Skill Development Partnership
Founded in 2016 and taken online in 2018, EYouth designs and builds its own online training courses aimed at helping young people develop their careers and ensure they have the required skills for the labour market.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
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Acumen Invests in Ghanaian Agritech Startup Wami Agro
Wami Agro, a new Acumen investee under the Trellis initiative, is pioneering innovative agricultural solutions in Ghana to improve the livelihoods of smallholder farmers, reduce poverty, and strengthen food security.
- Categories
- Agriculture, Social Enterprise, Technology
- Region
- Sub-Saharan Africa
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East Ventures and SV Investment Announce $100 Million Fund to Drive Tech Startups Across SE Asia and Korea
The fund, launched in October 2023, is designed to invest in revenue-generating tech startups across key sectors, such as biotech, healthcare, future mobility, green technology, and media & content.
- Categories
- Technology
- Region
- South Asia
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Nigeria-Born Banking Startups Target Emerging Market Gig Workers
The startups are not banks in themselves, but partnerships with lenders licensed by central banks make them de facto digital banks.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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