DOB Equity, Seedstars International, Norrsken Foundation, and Bathurst Capital, have invested in a pre-seed funding round in Eden Care, a licensed Rwanda-based digital insurer.
MaxAB, a food and grocery B2B e-commerce and distribution platform, serving a network of traditional retailers across Egypt and Morocco, has closed a $40m pre-series B equity round to fuel its expansion across the MENAP region.
A15, Bolt by QED, Nclude, and Outliers have invested $3.6m in FlapKap, a tech-enabled revenue-based financing platform in the MENA region.
African Infrastructure Investment Managers (AIIM), Bauta Logistics and Mokobela Shakati Consortium have established a cold chain logistics platform, Commercial Cold Holdings (CCH) with the initial acquisition of CCS Logistics from Oceana Group.
Norsad Capital, an impact investor offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has extended a ZAR100m stretched debt facility to RH Bophelo, for the expansion of its hospitals and clinics across South Africa.
Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund, has led a $11m investment round in SweepSouth, an online home services platform with presence across Africa.
African Infrastructure Investment Managers (AIIM) via its IDEAS Fund has invested an additional $73m into the newly merged Starsight Energy and SolarAfrica, signalling a significant vote of confidence from Africa’s largest infrastructure-focused private equity manager.
TLcom and Partech have co-led a $20m series A equity round in Vendease, a Y Combinator backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations.
AfricInvest, via the Cathay Africinvest Innovation Fund, and Novastar Ventures, have led a $10m Series A equity in Turaco, an insurtech company driving mass market insurance adoption.
AfricInvest has invested $30m in Pre-Series B round in ArabyAds, an AdTech company in the MENA region.
Tana Africa Capital and Sango Capital have made a minority investment in Sundry Markets, one of Nigeria’s fastest growing modern grocery retailers.
Mergence Investment Managers, through its Infrastructure and Development Equity Fund, has acquired a controlling equity stake in a portion of the innovative affordable rental housing group, Live Easy.
Verdant Capital Hybrid Fund has announced its first $7m subordinated debt investment in Watu Credit Uganda to expand its footprint of two-wheeler financing throughout the country.
HAVAÍC has announced a $500,000 investment in FinAccess, an East African headquartered software solutions provider that digitises community banks or SACCOs (Savings & Credit Cooperative Organisations) and farming co-operatives (co-ops) in the region.
