Venture Capital
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Medpharma secures undisclosed investment from Sahara Impact Ventures.
Ghanaian healthtech startup Medpharma has raised an undisclosed funding round from Sahara Impact Ventures. What problem is MedPharma solving? Founded by Stephen Yaw Asamoah and Richard Appiah Otoo in 2019, MedPharma is digitising healthcare delivery by aggregating providers, pharmacies, and medical facilities into a single connected platform. Its model tackles one of the continent’s most…
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Complete Farmer bags $5m debt deal to scale its agritech platform.
Ghana’s agriculture sector is vast , contributing nearly 20% to GDP and employing almost a third of the population but it’s also deeply fragmented. For the majority of smallholder farmers, inconsistent crop quality, volatile incomes, and weak market linkages remain daily realities. Now, Accra-based agritech startup Complete Farmer has secured $5m in debt financing from…
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OceansMall secures $150,000 from GBHub Africa to digitize Ghana’s seafood supply chain.
OceansMall, the agritech startup revolutionizing seafood logistics, has secured $150,000 in convertible debt from GBHub Africa to expand its operations and digital platform, Pinwheel. The investment also includes technical assistance and market access support, enabling the company to scale its cold chain logistics and strengthen its reach across coastal fishing communities. Founded in 2021 by…
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VC4A, Africa’s leading entrepreneur-investor collaboration marketplace, appoints Yaw Peprah to lead special projects.
VC4A, Africa’s premier platform connecting entrepreneurs, investors, and mentors, has appointed Yaw Preprah as Lead for Special Projects. In this role, he will spearhead key initiatives aimed at accelerating the growth and impact of Africa’s burgeoning startup ecosystem. Peprah steps into the role taking the lead on the coordinating the Africa Early Stage Investor Summit…
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Mariseth Farms secures $560k from Sahel Capital to support over 8,000 smallholder farmers.
Mariseth Farms has secured a $560,000 working capital loan from Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), to scale its crop aggregation operations and expand fair market access for over 8,000 smallholder farmers, many of whom are women. Renaissance Law Chambers advised SEFAA on the transaction, while Pangea Global Ventures…
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Aruwa Capital secures $35 million for its second fund to back high-growth companies in Ghana and Nigeria.
Aruwa Capital Management, the Lagos-based, female-founded and gender-lens early-stage investor, has secured $35 million at the second close of its second fund—Aruwa Capital Fund II—bringing it to 90% of its $40 million target. This milestone enables the firm to double down on its strategy of backing high-growth, impact-driven businesses that are transforming key industries in…
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Zeepay secures $18 million debt to finance its working capital and drive growth.
Zeepay, a fast-growing player in the digital remittance and mobile money market, has secured $18 million in debt funding, according to a report by Africa Global Funds. The investment, arranged by the South Africa-based financial advisory firm Verdant IMAP, signals strong market confidence in Zeepay’s cross-border payment solutions and growth strategy across Africa. The investment,…
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GBHub Africa bets on Greenheart SE to decarbonize agriculture production.
GB Foods’ social impact arm, GBHub Africa, has invested $50,000 in GreenHeart SE, a Ghanaian agritech company that transforms organic biomass waste into carbon-negative agricultural inputs. The investment, structured as a local currency loan with a 5% interest rate in Ghanaian cedis, includes a six-month moratorium and a 60-month repayment period. This funding will enable…
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FMCG giant GB Foods taps Innohub’s Nelson Amo to lead GBHub Africa, its $10 million social impact vehicle.
Last year, in our This Week in Ghana newsletter, we reported on a GB Foods job listing that signalled a new growth strategy—investing in startups and SMEs across Africa’s food systems. Now, the cat is out of the bag. The FMCG conglomerate behind popular tomato purée brands Gino and Pomo has appointed Innohub’s Nelson Amo…
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StartBank Africa Fund secures $15 million anchor investment from UAE Royal Family Office.
StartBank Africa Fund, an Accra-based venture capital firm, has secured a $15 million commitment from the family office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi. The fund aims to reach the final close of its $35 million inaugural fund by April 2025. StartBank Africa Fund’s focus The sector-agnostic fund will invest $300,000 to…