Venture Capital

AfricInvest Closes its Midcap-focused Fund Raising over $400m

AfricInvest, an African investment platform, has announced the final close of AfricInvest Fund IV with total commitments of US$411 million.

VIVA TECHNOLOGY, IFC ANNOUNCE 45 EMERGING START-UPS IN AFRICA TO COMPETE FOR THE 2022 AFRICATECH AWARDS
Awards Startup

Viva Technology, IFC Announce 45 Emerging Start-ups in Africa to Compete for the 2022 AfricaTech Awards

Viva Technology and the International Finance Corporation (IFC) announced today the top 45 start-ups that have been long-listed for the

Algebra Ventures
Venture Capital

IFC Invests $15m in Algebra Ventures to Support Egyptian Tech Startups and Drive Innovation

The International Finance Corporation (IFC) has announced an investment in the second fund from venture capital firm Algebra Ventures to

IFC
Venture Capital

IFC Invests $5m in Disruptech Ventures Fund

The International Finance Corporation (IFC) has committed $5 million in Egyptian venture capital fund Disruptech Ventures to support development in

IFC
Investment

IFC Invests $10m in Knife Capital Fund III to Support South Africa’s Digital Entrepreneurs

The International Finance Corporation (IFC) has invested in Knife Fund III, a new fund managed by Cape Town-based venture capital

Brimore
Ecommerce Funding Investment Venture Capital

Egyptian Social Commerce Startup, Brimore Closes $25m Series A Round

Brimore, an Egyptian social commerce startup, has secured a $25 million Series A round co-led by International Finance Corporation (IFC)

TradeDepot
Funding

African Startups That Raised $100m and Above in 2021

The African startup ecosystem bounced back in 2021 to raise a mind-blowing $4 billion. Briter Bridges says the total 2020

TradeDepot
Ecommerce Funding Investment Venture Capital

Nigerian B2B eCommerce Startup TradeDepot Raises $110m Series B Investment

TradeDepot, a Nigerian B2B eCommerce startup, has raised a $110 million Series B in an equity and debt funding round

Ecommerce

Top B2B Ecommerce Marketplaces Digitising Informal Trade in Nigeria

SMEs and Mom and Pop stores in Nigeria have basically operated offline over the years. They figuratively ran away from

Semicolon
Edtech Education Funding Investment Venture Capital

Nigerian EdTech Startup, Semicolon Africa Raises $1.2m Funding

Semicolon Africa, an edTech startup, has closed a $1.2 million seed round of funding. The round which was oversubscribed had