Five years ago, it was hard to come by any numbers for annual VC investment in Africa. These days the challenge is choosing which number to follow. That’s the case for three venture funding studies for Africa that turned up varied results. The numbers and variance Investment stats released by media outlet Disrupt Africa, data-base ... Africa’s logistics startup space has gained another multi-million dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehicles for goods delivery — has raised a $20 million Series B led by Atlantica Ventures. Toyota Tsusho Corporation, a trade and investment arm of Japanese automotive company ... Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu told TechCrunch The moves come a little over a year ... Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-commerce venture Jumia, which listed on the NYSE in 2019. Though Goldman declined to comment on its Africa VC activities for this article, the company ... Bolt, the billion-dollar startup out of Estonia that’s building a ride-hailing, scooter and food delivery business across Europe and Africa, has picked up a tranche of funding in its bid to take on Uber and the rest in the world of on-demand transportation. The company has picked up €50 million (about $56 million) from the European ... Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria based venture, co-founded by Ukrainian entrepreneur Vladimir Mnogoletniy, has an East to West presence that includes Ghana, Uganda, Tanzania, and Kenya. Buyers and sellers in those markets use Jiji to transact ... After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Group Capital. The San Mateo based company — previously branded Mines.io — provides AI driven products to large firms so those companies can extend credit to underbanked ... November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised for the entire continent in 2018, according to Partech stats. A notable trend-within-the-trend is ... In this week's newsletter: China's pivot to Africa, another big scooter funding and a new entry to the unicorn club. ... AI training data provider Samasource has raised a $14.8 million Series A funding round led by Ridge Ventures. The San Francisco headquartered company delivers Fortune 100 companies with the inputs they need for machine learning development in fields including autonomous transportation, e-commerce and communications and media. And it does so with a global work-force of ...
Posts Tagged ‘africa’
Did African startups raise $496M, $1B or $2B in 2019?
Kenyan logistics startup Sendy raises $20M round backed by Toyota
Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion
What we know (and don’t) about Goldman Sachs’ Africa VC investing
Bolt raises €50M in venture debt from the EU to expand its ride-hailing business
Jiji raises $21M for its Africa online classifieds business
Credit startup Migo expands to Brazil on $20M raise and Africa growth
Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC
Startups Weekly: Chinese investors double down on African startups
Samasource raises $14.8M for global AI data biz driven from Africa