Africinvest Leads USD30m Pre-series B for Egypt’s ArabyAds
Africinvest, led a USD30m pre-series B for ArabyAds, an adtech platform founded in Egypt and headquartered in the UAE. Read more… Read More
Africinvest, led a USD30m pre-series B for ArabyAds, an adtech platform founded in Egypt and headquartered in the UAE. Read more… Read More
Timon Capital led a USD15m Pre-series A for Omnibiz, a Nigeria-based B2B e-commerce platform, with participation from Ventures Platform, LoftyInc, Chapel Hill Denham, Chandaria Capital and Musha Ventures. Read more… Read More
Verdant Capital, through its Hybrid Fund, agreed to provide USD7m in subordinated debt to Watu Credit, a Uganda-based provider of two-wheeler financing for motorbike taxi drivers. Read more… Read More
Lori Systems, a Kenya-based logistics shipping platform, raised an undisclosed amount from Google, representing the third investment from Google’s USD50m Africa Investment Fund. Read more… Read More
Sango Capital acquired a controlling stake in Sotipapier, the Tunisia-listed paper packaging manufacturer, from SPE Capital Partners and other shareholders. SPE invested in the company in 2012 before spinning out from investment banking firm Swicorp and partially exited in Sotipapier’s 2014 IPO and through a dividend recapitalization in 2017. Read More
TLcom Capital led a USD5.5m seed round for Pastel, a Nigeria-based business management platform for SMEs, with participation from Global Founders Capital, DFS Labs, Ulu Ventures, Plug and Play, Golden Palm Investments and Soma Capital. Read more… Read More
QED Investors and Novastar Ventures led a ~USD50m round for Nigeria-based fintech TeamApt, with follow-on from Lightrock and BII. Read more here and here… Read More
Zeepay, a Ghana-based cross-border payments company, raised USD10m in debt financing from Verdant Capital. Read more here, here and here… Read More
Merak Capital led a USD3m seed round for Convertedin, an Egypt-based advertising automation platform for e-commerce, with participation from 500 Global and MSAS. Read more… Read More
Knife Capital led a USD10m Series A for DataProphet, a South Africa manufacturing optimization platform, with participation from IDC and Norican. Read more here and here… Read More
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