Funding
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Blossom Academy secures grant funding from the African Visionary Fund to further its mission of creating a pathway for untapped African talents.
Blossom Academy, the talent accelerator company, has been selected as one of the portfolio partners of the African Visionary Fund. The grant funding will enable Blossom Academy to accelerate its impact. Blossom Academy bridges Africa’s tech skills gap with tailored 12-week data science fellowships in data analytics, data science, data engineering and artificial intelligence. Blossom Academy brings…
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Ghana’s Zuputo selected for tretton37’s Startup Boost programme.
The legal tech startup Zuputo has been selected among the ten companies for the Startup Boost programme launched by Sweden-based tech consulting company tretton37. Out of the ten selected companies, Five are based in Africa (Ahiyoyo, Aliments, Iguru Therapies, Iko Africa and Zuputo), four in Europe (Datatera, EarthCare, Plussa and Tablerone) and one in Asia (Ecocentric). Half of them have female…
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Elucid secures funding from UBS Optimus Foundation to close its seed funding round.
Elucid, the sustainability tech firm, has closed its seed II funding round. Following the first closing of the round in August 2023, the investment from UBS Optimus Foundation marks the finalization of Elucid’s seed funding round. The funding will help the company expand its geographical reach in Africa and South America, strengthen the central team,…
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5 startups selected to vie for the $50k equity prize for the 2023 MEST Africa Challenge.
The MEST Africa Challenge (MAC), an Africa-wide pitch competition for early-stage technology startups, is proud to announce the top 5 Regional Winners who will compete for the grand prize of $50,000 in equity. These startups have emerged victorious after rigorous pitch sessions, beating out 40 competing startups from Ghana, Kenya, Nigeria, Senegal, and South Africa.…
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Degas extend its Series A by $7 million to scale its business.
Accra-based Degas Ltd., led by CEO Doga Makiura, has secured an additional $7 million in funding, bringing its total funding to $16 million. The equity and debt round saw participation from investors, including Animal Spirits, Global Catalyst Partners Japan, Hakuhodo DY Ventures, Nanto CVC (operated by Nanto Bank and Nanto Capital Partners), and Primal Capital.…
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Maka, the fashion and beauty e-commerce platform, raises $2.65 million to deepen its presence in Ghana and Nigeria.
Maka, the fashion and beauty e-commerce platform, has successfully raised $2.65 million in a pre-seed funding round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital. Other notable investors include Palm Drive Capital, Jonathan Shipman (angel investor, EVP founder, and Twitch founding member), and executives from the delivery platform Wolt. Founded by Diana Owusu-Kyereko in…
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7 startups secure € 700,000 from the develoPPP Ventures programme to scale their operations.
Seven startups have secured € 100,000 each as part of the first Ghana cohort of the develoPPP Ventures funding programme. With startup funding in Ghana plummeting by 80% in 2023, such interventions are critical to filling the finance gap. Being implemented by Innohub, develoPPP Ventures is a growth funding program by the German Federal Ministry for Economic Cooperation…
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Koa secures $15 million Series B round to scale up cocoa upcycling.
The Swiss-Ghanaian startup has closed a series B round of $15 million to finance its growth. This comes on the back of the startup’s recent inauguration of the largest cocoa fruit factory in Africa. The equity financing enables Koa to scale its operations, develop new cocoa fruit products, and grow its marketing and distribution activities.…
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MedPharma secures $50,000 as a beneficiary of the Investing in Innovation Africa programme
The Ghana-based health-tech company, MedPharama, has been selected as a beneficiary of the pan-African business support initiative Investing in Innovation (i3). Founded by Stephen Yaw Asamoah in 2016, MedPharma is a tech-health social impact enterprise seeking to improve the health status of patients across Africa. Medpharma provides e-consultation, e-prescription, delivery of medicines and medical equipment,…
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$10.4 million to complete farmers in Africa.
Complete Farmer has closed a $10.4 million pre-Series A funding round to transform farming practices in Africa by developing critical technical and physical infrastructure. The funding round consists of $7 million in equity and $3.4 million in debt. The Acumen Resilient Agriculture Fund and Alitheia Capital (via its uMunthu II Fund in partnership with Goodwell…