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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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$1 Billion Investment Gets IKEA Closer to Being ‘Fully Circular’ by 2030
The retailer's venture capital arm backs three recyclers and a software firm.
- Categories
- Technology, WASH
- Region
- Global
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Vidyut Secures $2.5 Million Funding from Flourish Ventures
Vidyut separates batteries from EV ownership and then offers them on a pay-per-kilometre subscription basis.
- Categories
- Investing, Technology, Transportation
- Region
- Asia Pacific
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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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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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Verdant Capital Makes $2 Million Mezzanine Investment in UsPlus
The Verdant Capital Hybrid Fund has completed an investment of $2 million in South Africa’s UsPlus.
- Region
- Sub-Saharan Africa
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Standard Chartered Ventures, Yabx Invest US $10 Million in African Fintech Furaha
Standard Chartered's venture arm and Tech Mahindra’s Yabx partner to launch digital lending platform targeting education finance gap in sub-Sahara African markets.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, venture capital
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Report: Shifting Investor Appetite Prolongs Fundraising for African Startups
African startups will have to become comfortable with longer fundraising timelines, a new report suggested, as more dealmakers flock to ventures at the seed stage in a changing investment landscape.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- research, startups, venture capital