iProcure, once a darling of the agritech scene with over $17m in total funding — including a $10.2m Series B in 2022 — collapsed into administration in May 2024.
The acquisition marks a significant liquidity event for the East African ecosystem, offering a strategic entry point for bolttech's expansion into the continent.
A flurry of regulatory approvals for British heavyweights this week coincides with a major diplomatic push from Downing Street, signaling a new era for cross-border fintech in South Africa.
The veteran impact investor is targeting a $81.2m final close to back businesses in West Africa and Madagascar that are too big for microfinance but too small for traditional private equity.
The University of Stellenbosch spinoff is building a new facility in Cape Town to tackle Africa's reliance on imported active pharmaceutical ingredients.
In a year when "following the herd" described most African venture activity, these outlier deals stand out for actually taking risk. Which is, theoretically, what venture capital is supposed to do.
