Startup and Funding

Africa Fundraising Roundup

1 Mins read

13 Deals across the continent over the last week ⬇️
28 investors & ~$62m disclosed across stages.

💰 Vendease (YC W21) (Nigeria) raised a $30m Series A from Partech and others. The online procurement marketplace allows restaurants and food businesses to purchase supplies straight from leading manufacturers (cc Tunde Kara).

💰 Numida (YC W22) (Uganda) closed a $12.3m Pre-Series A from Serena VenturesBreega and others. The fintech is offering micro-lending solutions to semi-formal micro and small businesses, driving financial inclusion (cc Mina Shahid).

💰 SweepSouth (South Africa) closed an $11m round from Alitheia IDFNaspers Limited and others. The company has built Africa’s leading home services booking platform, with presence across the continent (cc Aisha R. Pandor and Alen Ribic).

💰 Mazaya Egypt raised a $5m Pre-Seed from Raya Trade and others. The platform is coined as the country’s first B2B e-commerce site with an specialist focus electronics (cc Amir Aboul Fotouh).

💰 Farmerline Group (Ghana) added a further $1.5m from Oikocredit to their Pre-Series A. The agritech is building tech to increase farmers’ access to high-quality production inputs and education on the best farming practices (cc Alloysius Attah).

💰 Ingame Sports (Egypt) closed a $1.5m Pre-Seed from and others. The gaming and sports-tech startup is creating interactive experiences for football fans around the world (cc Mohab El Tawila).

💰 KUMULUS WATER (Tunisia) raised a $1m Pre-Seed from TechstarsFlat6Labs and others. The water-tech start up aims to provide portable water in an economic and sustainable way using solar energy (cc Mohamed Ali Abid).

💰 Strove (South Africa) closed an undisclosed round from Lifetime Ventures). The employee wellness & rewards application empowers organisations to inspire their employees to live healthily (cc Chris Bruchhausen).

💰 Lemon (South Africa) – a procurement marketplace for industrial supplies (cc Kabelo Mtshazwe), Oval Interactive (Nigeria) – interactive martech platform (cc Silas Okwoche Emmanuel), Shemach (Ethiopia) – B2B e-commerce platform (cc Dawit Nigusu) and Local Knowledge (South Africa) – P2P travel experience platform (cc Nick Schooling) each received $50K in funding from Nairobi-based The Baobab Network).

💰 Namola (South Africa) – the on-demand emergency response app – was acquired by MultiChoice Group for an undisclosed sum.

Want more insights on Africa’s early-stage investment scene? Visit, or follow for more 💥

Source: Mathew Marsden
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