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:
Shoptreo
- Investment: An undisclosed funding round (from a fund with typical ticket sizes of US10,000 toUS50,000).
- Investor: Rebel Seed Capital.
- Sector/Focus: E-commerce & Fintech / Equipping local artisans, particularly in the Aba leather cluster, with digital storefronts, integrated logistics, payments, and inventory financing to access global markets.
- Country of Operation: Nigeria.
- Purpose: To expand operations, onboard hundreds of new artisans, and deepen integration with logistics and financial service providers for seamless cross-border commerce.
Nowlun
- Investment: $600,000 seed round extension, bringing the total seed funding to $2.3 million.
- Investor: Ingressive Capital (led the extension).
- Sector/Focus: Logistics Tech / A digital freight forwarding platform for FCL and bulk cargo, with a focus on developing an AI-powered “Smart Logistics Assistant” for shippers.
- Country of Operation: Egypt & Saudi Arabia.
- Purpose: To accelerate the development and integration of its AI logistics assistant, expand operations, and empower users to make smarter, faster shipping decisions.
Roomz.rent
- Investment: An undisclosed initial funding round.
- Investor(s): Qora71 (a Hub71-based angel investor group) and other angel investors.
- Sector/Focus: Proptech / A co-lodging platform offering affordable, flexible, long-term room rentals by intelligently matching tenants and providing fully managed accommodation.
- Country of Operation: Egypt.
- Purpose: To fund expansion, first within Cairo and subsequently into other urban centers across the Middle East and North Africa.
EzyAgric
- Investment: An undisclosed investment.
- Investor: Fuzé by Digital Africa.
- Sector/Focus: Agritech / A one-stop digital platform that connects farmers and agricultural MSMEs to trusted inputs, financing, and tailored guidance.
- Country of Operation: Uganda.
- Purpose: To scale its technology, support its mission to expand across the continent, and empower farmers by making agriculture more profitable and efficient.
Flend
- Investment: EGP 30 million (approx. $600,000 USD) financing contract.
- Investor: Micro, Small and Medium Enterprise Development Agency (MSMEDA), funded by the World Bank.
- Sector/Focus: Fintech / A digital non-banking financial institution providing financing to Small and Medium-sized Enterprises (SMEs).
- Country of Operation: Egypt.
- Purpose: To provide loans (from EGP 100,000 to EGP 5 million) to existing SMEs to help them develop, expand, and increase production capacity.
Meditect
- Investment: A grant of over €500,000.
- Investor: Grand Challenges Canada.
- Sector/Focus: Healthtech / Providing digital tools to frontline health professionals to improve efficiency and ensure safer, more reliable access to drugs.
- Country of Operation: Cote d’Ivoire.
- Purpose: To scale its work across remote and underserved regions by equipping thousands of health workers with its digital tools.
AgriCash
- Investment: An undisclosed amount in a seed investment round.
- Investor(s): Alex Angels (lead investor) and other strategic investors.
- Sector/Focus: Agri-Fintech / An integrated platform providing smallholder farmers with interest-free “buy now, pay later” (BNPL) financing for agricultural inputs, alongside AI-powered technical support and free crop insurance.
- Country of Operation: Egypt.
- Purpose: To expand operations across Egypt, enter new regional markets, enhance its digital marketplace, and accelerate the development of its AI-powered support tools to promote financial inclusion for farmers.
Hizo
- Investment: US$100,000 “friends and family” seed round.
- Investor(s): Unnamed friends and family investors.
- Sector/Focus: Fintech / A remittance platform focused on simplifying intra-African money transfers by enabling users to send, receive, and spend in local currencies across borders.
- Country of Operation: Nigeria.
- Purpose: To fund product innovation, market expansion, and team development.