Funding

Sistema.bio secures $15M to drive global Biogas expansion

Sistema.bio raises $15M to expand its biogas technology globally, enhancing sustainable energy solutions for farmers.

Nigerian Agritech startup, Winich Farms secures $3 million in pre-series A funding

Since the company’s launch in 2020, Winich Farms has built an ecosystem of more than 150,000 users including farmers.

Userguest, Morroco’s hospitality-focused startup secures $2.4 million to fuel expansion

Userguest has recently secured $2.4 million in funding to drive its expansion and fuel its product innovation across Africa

Ghanaian clean-tech startup, Kofa raises $5 million funding via SPV

Kofa Technologies has recently announced a $5 million fund raise via SPV to expand its battery swapping network with more stations in Ghana

African startups raised $652.4 million in H1 2024 as the downward funding trend continues

This figure marks a weighty decrease of about 50.2% compared to the $1.31 billion raised in H1 2023, according to data from BD Funding Tracker

Lagos state govt injects ₦1 billion for startup funding and innovation research

₦1 billion in funding marks an astronomical increase in allocation to the initiative based on previous precedents.

Egyptian fintech Sahl raises $6 million to expand offerings as a comprehensive financial services provider

Founded in 2020 by Ahmed Othman, Ibrahim Assal, and Abdullah Assal, Sahl is a bill payment platform that enables users to recharge prepaid cards.