While the spotlight often shines on headline-grabbing mega-rounds, the bedrock of Africa’s rapidly growing startup ecosystem lies in the consistent flow of smaller (or missed bigger rounds), yet equally vital, investments. This week’s edition of the African Startup Deal Tracker delves into these under-the-radar transactions, encompassing pre-seed funding, angel investments, and strategic acquisitions that collectively paint a picture of sustained growth and investor confidence across the continent. These deals, spanning diverse sectors from agri-tech to legal tech, highlight the ingenuity of African startup founders and the breadth of opportunities being seized.
Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week:
Salpha Energy (Nigeria)
- Investment: N2 billion ($1.2 million).
- Investor: All On.
- Sector/Focus: Clean Energy / Providing solar solutions to underserved communities.
- Country of Operation: Nigeria.
- Purpose: To scale operations, diversify solar product range, and expand their local solar assembly facility (a female-led plant).
Husk Power Energy Systems Nigeria Limited (Nigeria)
- Investment: $5 million.
- Investor: International Finance Corporation (IFC), with support from the Government of Canada.
- Sector/Focus: Renewable Energy / Solar hybrid minigrids.
- Country of Operation: Nigeria (Northern Nigeria).
- Purpose: To expand access to reliable, renewable energy in underserved communities by developing and operating up to 108 minigrid sites.
GOGO Electric (Uganda)
- Funding: Secured new funding (amount undisclosed).
- Investor: Africa Go Green Fund (AGG).
- Sector/Focus: Electric Vehicles (E-mobility) / Electric motorbikes and battery swap network.
- Country of Operation: Uganda.
- Purpose: To scale electric motorbike production and expand its battery swap network across Uganda.
Inclusivity Solutions (South Africa)
- Funding: Part of a ~US$4 million Series A2 funding round.
- Investors: 27four Investment Managers (via their Venture Capital Fund/Nebula Fund) and Goodwell Investments.
- Sector/Focus: Insurtech / Providing inclusive insurance solutions across Africa, focusing on microinsurance for underserved consumers.
- Countries of Operation: Expanding to 5 new African countries (in addition to existing operations).
- Purpose: To expand to new African countries, grow existing partnerships, enhance their platform, and strengthen their team.
- Investment: Received investment from Digital Africa (via their Fuze program). The specific amount was not disclosed.
- Investor: Digital Africa.
- Sector/Focus: AI and IoT / Enhancing road safety for heavy vehicles (trucks) through an AI-powered IoT device that monitors the driving environment and alerts drivers of potential dangers to prevent collisions.
- Country of Operation: Tunisia, with a focus on safer roads across the continent.
Startups funded by Kosmos Innovation Center (Ghana)
- Total Investment: $200,000.
- Investor: Kosmos Innovation Center, in partnership with Mastercard Foundation (via the 2025 AgriTech Pro program).
- Number of Startups: 22.
- Sector/Focus: AgriTech and related sectors across the agricultural value chain.
- Country of Operation: Ghana.
- Individual Funding Amounts: Ranged from $5,000 to $25,000 per startup.
- List of Funded Startups and their Focus:
— Industrial & Energy Solutions: Pure Lube (Biodegradable lubricants $25,000).
— Food Processing & Agribusiness: EcoBroma Ghana (Cocoa pulp processing — $20,000), Peanut Pride (Peanut-based snacks — $5,000), Millbles (Millet-based food products — $5,000), Soyko Agro Foods (Gluten-free flour blends — $5,000), Milky World (Dairy product processing — $5,000), Mushplus Agri-Foods (Mushroom processing — $10,000), MelDak Agro (General agro-processing — $10,000), Tomavi Wine (Local fruit wine — $10,000).
— Agritech & Farm Support: GardPath Technologies (Animal test kits — $5,000), Growth Line Farm Tech (Farm management tools — $5,000), AgriEase (Agricultural operations platform — $10,000), Danny Machinery (Agricultural machinery — $10,000).
— Sustainability & Eco-Friendly Solutions: Premium Biofert (Organic fertilizers — $5,000), Zenags Organics (Organic farming inputs — $10,000), COGAM Stainless Charcoal (Eco-friendly charcoal — $10,000), EcoLeap (Sustainable energy for agriculture — $10,000), Biospace GH (Biotechnological innovations for agriculture — $10,000), Earth Allies (Biodegradable plastic films — $10,000).
— Natural & Personal Care Products: Peli Natural Glow (Cocoa waste to hospitality amenities — $5,000), Fibre Lux (Natural fibre-based products — $10,000).