More
    HomeEcosystem News

    Ecosystem News

    DOB Equity Backs Water Filter Startup in Strategic Shift After Portfolio Setbacks

    Karen Serem Waithaka, who took over as CEO of DOB Equity last year, is leading the fund’s new direction.

    Purple Elephant Ventures Secures Record $4.5 Million Seed Round for African Tourism Tech

    The $4.5 million seed round will allow PEV to scale its existing portfolio.

    Novastar Ventures Backs Sistema.bio with $3M to Expand Biogas Solutions in Africa

    This marks the first investment from Novastar’s Africa People and Planet Fund III (NVIII).

    LemFi, Led by OPay Alumni, Raises $53M in Series B to Tap into Booming Remittance Market

    LemFi has achieved significant milestones, including processing over $1 billion in monthly payment volume and recording $2 billion in annual transaction volume in 2023.
    spot_img

    Keep exploring

    Why the “SaaSapocalypse” Shows Africa Must Own the AI Application Layer

    By Amadou Daffe, CEO and Co-Founder, Gebeya

    African Startup Deal Tracker — Newest Deals

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

    Africa’s Growth Problem Isn’t Capital. It’s Leadership Without Collaboration

    Africa’s future won’t be determined by how much money arrives. Ray Langa, Group CEO of Leagas Delaney, writes from Cape Town

    Riding Morocco’s Fintech Wave, AfricInvest Moves to Acquire Vantage Payment Systems

    A new heavy hitter is entering the Moroccan fintech landscape, in what feels like the next chapter after local fintech Cash Plus went on a highly successful IPO last year.

    Latest articles

    Why the “SaaSapocalypse” Shows Africa Must Own the AI Application Layer

    By Amadou Daffe, CEO and Co-Founder, Gebeya

    African Startup Deal Tracker — Newest Deals

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

    From Capiter’s Wreckage, a Chinese VC Finds a New Egyptian Bet

    The Beijing-based venture firm was once among the most active early-stage investors in Egypt and the broader African tech market.

    South Africa’s Araxi Acquires Fintech Pay@ for $62m to Consolidate Regional Payments

    Over the last 12 months, the company processed more than R60bn ($3.7bn) in transaction value.