Fewer than 5% of seeded African startups make it to Series A
105 companies raised seed funding in 2022. Only 5 have successfully raised their next rounds
Venture Funding
Anchor raises $2.4 million seed to expand product offerings
Anchor, a pan-African BaaS and embedded finance infrastructure provider announced its $2.4M seed raise led by Goat Capital to launch new products, invest in its licensing and compliance infrastructure and evaluate expansion markets.
6 metrics African startups must track to attract investors in 2023
Metrics empower investors to identify African startups with growth potential. Understanding them is vital for securing venture capital funding in 2023
Clafiya raises $610,000 in pre-seed to reimagine healthcare service delivery in Africa
African healthtech startup, Clafiya, announces a pre-seed of $610,000 to deepen product development, grow the team and expand offerings.
Topship lands a $2.5 million seed round for international shipping
The funds will be used to expand to other African countries, improve its asset-light technology and build out a proprietary global shipping infrastructure.
Dream VC launches two programmes for aspiring African investors
Dream VC, an investor-accelerator, has launched Launch into Venture Capital and Investor Accelerator to train more than 50 future investors for Africa.
Susu raises $2.2 million pre-seed to make affordable healthcare accessible to Africans
Susu has raised €2 million ($2.2 million) pre-seed, comprising €1 million in equity financing, €800,000 in debt, and €200,000 in grants.