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:
MOPO (DRC)
Investment: Strategic Investment (Undisclosed).
Investors: Octopus Energy Group.
Sector/Focus: Clean Tech / Energy Solutions. Providing pay-per-use, solar-powered batteries as a clean, affordable alternative to generators for individuals and businesses in Sub-Saharan Africa facing unstable or no grid access.
Country of Operation: Operates across Sub-Saharan Africa, including Nigeria, Democratic Republic of Congo, Sierra Leone, and Liberia.
Purpose: To accelerate Africa’s electrification journey with renewable solutions, scale the provision of clean, reliable energy to underserved communities, and expand access globally.
Vastpoint (South Africa-based)
Investment: Strategic Funding (Undisclosed).
Investors: Vital Capital.
Sector/Focus: Land Management & Geospatial Solutions / Impact Investing. Transforming land use, ownership, and management to create transparent, inclusive, and effective land systems, while increasing property tax collection.
Country of Operation: Operates across Africa, Asia, and Latin America, with the startup based in Johannesburg, South Africa.
Purpose: To scale efforts in key markets where unclear land tenure hinders economic development, environmental resilience, and social inclusion.