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Funding Reaches Two-Year Decline as African Startups Raise $3.2 Billion in 2023
Even with the decline in the first three quarters of 2023 compared to the last two years, investment levels remain significantly higher than pre-pandemic levels.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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India’s BluSmart Raises $24 Million to Develop Large-Scale EV Charging Hubs
BluSmart Mobility recently raised US$24 million in a new funding round to develop large-scale EV charging hubs.
- Categories
- Technology, Transportation
- Region
- Asia Pacific
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Pivo Africa Closes A Year After Securing $2 Million Funding
Pivo Africa, a Nigerian fintech startup, backed by Y-Combinator, has shut down prematurely after launching in 2021 and securing $2M funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Bujeti Raises $2 Million to Boost Corporate Card Platform in Africa
The platform simplifies the issuance of corporate cards to employees and contractors, streamlining spending processes.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Ivorian Healthtech Startup, Susu, Raises $4.9 Million in Funding to Expand into New Markets
Susu provides care packages to patients who need close supervision to ensure that long-term health conditions are tracked and that preventive advice on how to better manage them is received.
- Categories
- Health Care, Investing, Technology
- Region
- Sub-Saharan Africa
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Jumia Discontinues Food Delivery Across Seven Markets, Shifts Focus to Expanding Physical Goods Business
Jumia is redirecting its focus toward the core physical goods business and maintaining its JumiaPay operations across all 11 markets.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, failure, startups
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Vammo Aims to Scale E-Motorcycle Battery Swapping Across Latin America
The startup, formerly Leoparda Electric, offers an e-motorcycle subscription that comes with unlimited access to battery swapping stations.
- Categories
- Energy, Technology, Transportation
- Region
- Latin America
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Upcycled Cacao Fruit Juice, Anyone? Investors Gave Swiss-Ghanaian Startup $15 Million to Scale Koa Pure
The upcycled cacao startup makes products from the fruit of the plant, and its latest investment round involves both returning and new investors.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa