Funding Report Briefs 2019
The US$10M Club: African Startups That Have Raised More than US$10M in 2019
Africa's Latest
European Investment Bank Launches SheInvest, a US$1.1B Fund for Women across Africa
November 12, 2019The European Investment Bank (EIB) has launched SheInvest, a new initiative to boost gender equality and...
Africa's Latest
Global Payment Firm Visa Plans US$200M Stake in Nigeria’s Interswitch
November 11, 2019Visa, a global payment firm is reportedly planning to invest US$200 million in Interswitch, a Nigerian-based...
News / Trends
Kenya Passes Data Protection Law Enhancing Consumer Privacy
November 9, 2019Kenyan President Uhuru Kenyatta has signed into law the Data Protection Bill 2018 seeking to enhance...
Funding
Kenya’s Lori Systems Raises US$30M Series A Funding Led by Hillhouse Capital, Crystal Stream
November 8, 2019Lori Systems, a Kenyan based logistics startup that connects cargo owners with truck fleets, has secured...
News / Trends
Africa is the Fastest ‘Breeding Ground’ for Software Developers in the World
November 7, 2019According to the latest State of the Octoverse report by Github, developers from Africa created 40%...
Expansion
Andela Launches in Egypt, Hiring Only Senior Engineers
November 6, 2019Andela, the global technology company that builds distributed engineering teams with Africa’s top software engineers today...
Funding
Africa Focussed Mini-Grid Provider PowerGen Secures Series B Investment Led by Shell New Energies
November 5, 2019PowerGen Renewable Energy, a leader in micro-utilities in Africa – managing mini-grids and providing customer support...
Mergers and Acquisitions
Nigerian Digital Payment Firm Interswitch Acquires HealthTech Company eClat
November 5, 2019Interswitch Limited, has announced the acquisition of eClat Healthcare Limited, a Nigeria-based health technology company that...
Funding
Kenyan Startup Sendy Raises US$2M From Goodwell Investments, Reports US$1.5M in Revenue
October 29, 2019Sendy, an on-demand delivery platform in Kenya has raised US$2 million from Goodwell Investments. The money...
Funding
Twiga Foods Raises US$30M Funding Led By Goldman Sachs, Plans Pan-African Expansion
October 28, 2019Kenya’s B2B food distribution platform Twiga Foods has raised US$30 million from several investors led by Goldman...
Africa's Latest
MoSound Founder, Kevin Mulei Launches Kenya’s Hot New Hit Radio Station
March 12, 2018Kevin Mulei, the Founder of M0Sound, an event planning, production, and management company based in Kenya...
Inspired
11 Kenyan Women Entrepreneurs Making Inspiring Waves across Africa
June 8, 2019With the growth of the Kenyan entrepreneurial ecosystem, so has been the rise of female-owned businesses...
Innovation
The 10 Hottest Kenyan Startups to Watch in 2018
December 11, 2017Founder360° Magazine spoke to some of founders and players in the startup ecosystem in identifying the...
Starting Up
11 Best Coworking Spaces in Nairobi Entrepreneurs Can Work From
October 25, 2018A coworking space provides flexible payments options with no need for signing any kind of leases...
Starting Up
3 Reasons Why the Car Wash Business in Kenya is Thriving
May 1, 2019As many people in Kenya are venturing into entrepreneurship, the one business that has caught the...
Leadership
10 Books Every Aspiring African Entrepreneur Should Read in 2018
October 21, 2018In today’s world, the ability to create time and learn constantly is one attribute successful entrepreneurs...
Innovation
7 Agri-Tech Startups Disrupting Small-scale Farming in Kenya
May 23, 2018Kenya is home to approximately 50 million people with the population expected to reach more than...
Innovation
This Entrepreneur Left His Bank Job and Built One of the Most Successful Fintech Products in Africa
January 19, 2018When Kariuki Gathitu finished his “O” levels exams, his aspiration was to study in the United...
Startups
These are the 9 Top Most Funded Startups in Kenya
March 26, 2018According to a report by Wee Tracker on African Startup Funding 2017, Kenya was ranked second...
Innovation
11 Innovative Kenyan Startups to Watch in 2019
January 19, 2019Every start of the year we seek to highlight some of the trailblazing startups making disruption...
Funding
Egyptian B2B Marketplace MaxAB Closes Landmark US$6.2 Million Seed Round
September 26, 2019MaxAB, an Egyptian B2B e-commerce marketplace that connects informal food and grocery retailers with suppliers via...
Money
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