More

    Staff Writer

    NewTrails Capital, Backed by Africa’s Leading Smartphone Manufacturer, Invests $55M in EV Startup Spiro

    The Chinese growth-stage fund - whose backers include Transsion Holdings, the Shenzhen company that dominates Africa's mobile phone market ...

    The Short, Unfinished Life of PayPal’s $100 Million Emerging Markets Fund

    Emerging market fintech funding has already cooled from its 2021–2022 peaks.
    spot_img

    Keep exploring

    Bolt’s South African Partner MyNextCar Secures $10M to Expand Low-Cost Fleet

    This expansion is poised to substantially increase the number of drivers able to earn an income through Bolt

    While Its Non-African Investments Return 1.3x, Silverbacks’ Nigeria Exits Deliver 10.7x — Inside the VC’s Latest Move

    These consistent, strong exits with attractive IRRs demonstrate that investing in Africa is not only viable but also a smart move for generating superior returns.

    South Africa’s Nile Raises $11.3m to Expand Agri-Tech Marketplace Across Southern Africa

    The funding round was led by the Cathay AfricInvest Innovation Fund, with participation from FMO, the Dutch entrepreneurial development bank.

    Salus Cloud Raises $3.7M to Tackle African DevOps ‘Blind Spot’

    “Startups shouldn’t be burning capital building infrastructure that’s not core to their mission.”

    A Quiet Exit: Nigeria’s Migo Acquired by Long-Time Investor

    The company had previously raised a $20 million Series B round in 2019 to fuel its expansion in Nigeria and Brazil.

    French Investor Club Super Capital Eyes Africa and Middle East Expansion with New €250k Tickets

    The new initiative, called the MEA Club, will deploy between €100k and €250k per startup, with a target of investing in ten companies per year.

    Meet Ora, the Two-Year-Old Superapp Challenging Glovo in an Unlikely Battle in Morocco

    Even as a cohort of the brightest startup founders in Morocco were being shuttled between Rabat and Barcelona for an exclusive mentorship program, the image of their benefactor, delivery giant Glovo...

    Can EVs Survive Blackouts? South Africa’s State Bank Puts $5.6M Behind One Startup’s Answer

    “This show of faith by the DBSA is not just financial — it is symbolic.”

    Cash Plus Backer Mediterrania Capital Seals €600M Final Close of Fourth Fund

    The fund secured backing from a mix of institutional investors, with a significant share coming from development finance institutions (DFIs).

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week

    From Washington to a Lagos Cell — Binance’s Crime Chief Closes the Chapter

    Gambaryan, who built Binance’s global investigations team from scratch, said he now plans to shift focus.

    Latest articles

    NewTrails Capital, Backed by Africa’s Leading Smartphone Manufacturer, Invests $55M in EV Startup Spiro

    The Chinese growth-stage fund - whose backers include Transsion Holdings, the Shenzhen company that dominates Africa's mobile phone market ...

    The Short, Unfinished Life of PayPal’s $100 Million Emerging Markets Fund

    Emerging market fintech funding has already cooled from its 2021–2022 peaks.

    The VC Waiting Game: Why a 7% Distribution Is a Major Win for Early-Stage African Funds

    The pan-African seed fund returns $2.5m to LPs - a rare liquidity signal in a market still waiting for its post-boom reckoning.

    Nigeria’s Startup Graveyard Has Become a Bargain Bin for Buyers

    With fewer, larger funds calling the shots, patience for fragmented markets has evaporated.