Funding
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Oasis Capital Ghana hits $33.3 million first close for its $100 million Oasis Africa Fund II.
Oasis Capital Ghana, the West Africa-focused growth and venture capital fund manager, has reached the first close of Oasis Africa Fund II at $33.3 million, making it the largest local Ghanaian fund yet. The Accra and Abidjan-based firm hopes to reach a final close of $120 million by the end of June 2025. Oasis Africa
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Sommalife raises an undisclosed funding round from Wangara Green Ventures
Sommalife, the Wa-based shea-focused agtech platform, has closed an undisclosed funding round from Wangara Green Ventures. Sommalife Limited is rapidly establishing itself as a leader in merging technology, productivity, and environmental sustainability. What problem is Sommalife solving? Over 16 million women in West Africa, particularly Ghana, depend on shea nut production for survival. However, desertification,
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3Farmate Robotics secures $100,000 from Reddit co-founder Alexis Ohanian’s 776 Foundation.
3Farmate Robotics has been selected for Reddit co-founder Alexis Ohanian’s 776 Foundation climate cohort. As part of the fellowship, the company will receive a $100,0000 grant to support its mission to automate farming in Africa. What problem is 3Farmate Robotics solving? Mechanization and power utilization levels in agriculture in Sub-Saharan Africa remain the lowest globally.
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Regenerative skincare ingredient supplier MoringaConnect raises undisclosed funding from Mirepa Capital.
MoringaConnect Inc (DBA True Moringa), the Ghana-based agritech has secured an undisclosed funding round from the impact-focused investment firm, Mirepa Capital. The company which supplies natural skincare & wellness products and organic bulk ingredients will use the capital to strengthen its local supply chain as well as boost its distribution capacity in the US and
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$5,000 innovation voucher grant scheme launched to fund collaboration between startups and research institutions.
The Ministry of Environment, Science, Technology and Innovation (MESTI) has launched the innovation voucher scheme as part of measures to promote the commercialization of research in Ghana and strengthen collaboration between research institutions and businesses. The scheme will provide grants of up to $5,000 or more (depending on the project’s market viability analysis) to qualifying
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Wami Agro secures funding from Mirepa Capital to scale its operations.
Accra-based agritech startup, Wami Agro, has secured additional funding from Mirepa Capital, an impact-focused investment firm. This investment will allow Wami Agro to scale its operations and further empower smallholder farmers across Africa. Providing solutions to the major bottlenecks in the agriculture supply chain. Despite boasting a vast agricultural workforce – over 50% of the
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Zeepay closes its $14 million Series A.5 funding round to support its ongoing Africa expansion.
Zeepay has successfully closed its $14 million Series A.5 equity funding round. The round was led by the global cooperative and social impact investor Oikocredit. Other investors in the round include the infrastructure investment platform Africa50, the local pensions-anchored fund, Injaro Ghana Venture Capital Fund, and Verdant Capital Hybrid Fund with a follow-on investment from
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Legendary Foods Africa scores additional funding from the Climate Resilient Africa Fund.
Legendary Foods, a Kumasi-based food tech company, has secured additional capital from the Climate Resilient Africa Fund, an impact-focused Africa venture capital fund. According to Shobhita Soor, the CEO of Legendary Foods, “The partnership amplifies our ability to scale with quality and aligns perfectly with our mission to introduce climate-resilient protein alternatives.” What is Legendary
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Sommalife secures grant funding from GSMA Climate Resilience Innovation Fund.
Sommalife, the shea-focused agtech platform, has been selected as one of the eleven recipients from the GSMA Innovation Fund for Climate Resilience and Adaptation. The GSMA Innovation Fund for Climate Resilience and Adaptation supports digital startups to test innovative use-cases, partnerships and business models to improve the sustainability and scalability of solutions that positively impact
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After providing GHS 1 million credit to agrovets in 2023, Ghana’s Cowtribe joins the SAIS Accelerator Programme.
Cowtribe, Ghana’s leading full-stack animal vaccine distribution platform, has been selected for the Scaling Digital Agriculture Innovations through Start-ups (SAIS) Accelerator Programme. Implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the SAIS Investment Readiness Programme provides tailored support to tech start-ups from the agriculture, food, and livestock sectors to position them to raise capital