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AFZA Capital Launches First East Africa Fund, To Invest Up To $250k In Each Startup

Startups in East Africa have a new fund to pitch to. Early stage Venture capital firm, AFZA Capital, has launched its first East African-based fund in Nairobi as it seeks to expand to the wider African market.The firm is offering from USD 25,000 –up to 250,000 as investments in each early-stage venture it chooses to support. The fund is targeting businesses delivering social impact through disruptive innovation. Arif Hamid, co-founder and Managing Director at AFZA Capital, said the fund is looking at businesses from incubation to Pre-series A capital in what he said is a complete corporate support system that elevates performance. The fund will be open to investing in...

Grocery Delivery Startup Breadfast Raises Over $1 million In Funding For Expansion

2020 is proving a good year already for startups in Egypt. Y Combinator-backed Egyptian fresh bread and grocery delivery platform Breadfast has raised a seven-figure (USD) investment in a bridge round (pre-Series B) to fuel international expansion across the North Africa and Middle East Region. Buoyed by the new funding and encouraged by its initial success in Egypt, Breadfast is now targeting aggressive expansion within the next three years across the Middle East, Africa, & Turkey, but starting with Dubai, Riyadh, and Jeddah.  Mostafa said the startup is expected to launch in Dubai by the end of this year. Read more from source article: https://afrikanheroes.com/2020/03/09/egypt-based-grocery-delivery-startup-breadfast-raises-over-1-million-in-funding-to-fuel-international-expansion/ Click here to subscribe...

ODV Africa leads $1.5m seed investment round in Nigerian startup Youverify

Orange Digital Ventures, ODV Africa has announced its latest investment on the African continent by leading the $1.5m seed investment round in Youverify. The start-up, founded in Lagos, Nigeria automates identity and background verification processes, primarily serving financial and telecommunication service providers. Youverify is the fifth company to join the portfolio of Orange group’s African investment initiative. Financial and mobile payment services continue to accelerate their development on the continent with verification tasks remaining complex and manual for the major players like fintech and large corporate and the rise of RegTech companies, such as Youverify is key for the market in order to speed up and...

GFA Daily Digest Wed, Mar. 11, 2020

East Africa AFZA Capital Launches First East Africa Fund, To Invest Up To $250k In Each Startup North Africa Grocery Delivery Startup Breadfast Raises Over $1 million In Funding For Expansion Southern Africa SA mobility tech company WhereIsMyTransport raises $7.5m Series-A round West Africa ODV Africa leads $1.5m seed investment round in Nigerian startup Youverify Our previous weekend articles are here: 1) https://getfundedafrica.com/2020/02/28/30403/ and here: 2) https://getfundedafrica.com/2020/02/22/gfa-weekend-feature-how-to-raise-funds-for-an-african-hotel/ GetFundedAfrica curates funding news across Africa and emerging markets. Subscribe & check out our March 2020 preview and events here: https://getfundedafrica.com/2020/02/29/gfa-march-2020-preview/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

GFA Daily Digest Tue, Mar. 10, 2020

Africa Africa Tech Summit London postponed until October 22nd at London Stock Exchange East Africa TLcom Capital Plans to Support 12 startups After $71 Million Africa Fund Investment North Africa $333,000 Local Cultural Engagement Fund For Tunisian Startups West Africa Sierra Leonean startup launches classifieds mobile app Our previous weekend articles are here: 1) https://getfundedafrica.com/2020/02/28/30403/ and here: 2) https://getfundedafrica.com/2020/02/22/gfa-weekend-feature-how-to-raise-funds-for-an-african-hotel/ GetFundedAfrica curates funding news across Africa and emerging markets. Subscribe & check out our March 2020 preview and events here: https://getfundedafrica.com/2020/02/29/gfa-march-2020-preview/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Africa Tech Summit London postponed until October 22nd at London Stock Exchange

Africa Tech Summit London, the leading global event series focused on African tech and investment today announces that the 2020 London edition has been rescheduled and will take place on October 22 at the London Stock Exchange. Africa Tech Summit London’s fifth edition was scheduled for May 22nd and is now changing due to growing concerns related to the coronavirus (Covid-19). “The health and well-being of our delegates, partners and staff is our priority. Given the evolving context, the best course of action is to postpone Africa Tech Summit London until October,” said Andrew Fassnidge, Founder of the Africa Tech Summit event series. Read more from source article:...

Sierra Leonean startup launches classifieds mobile app

Sierra Leone-based startup SaloneBuy has launched a classifieds mobile app that has already seen strong uptake and helped it secure some seed funding. Founded earlier this year, SaloneBuy is a classifieds mobile app that allows users to buy and sell products across categories such as vehicles, fashion and electronics, while it is also possible to book services such as tutoring. Founder and chief executive officer (CEO) Sorie Sankoh told Disrupt Africa that the startup was hoping to fill a sizeable gap locally, with international platforms such as Amazon and Craigslist not available in Sierra Leone or other African countries, and help businesses gain more exposure online. SaloneBuy has already seen...

TLcom Capital Plans to Support 12 startups After $71 Million Africa Fund Investment

TechInAfrica — TLcom Capital, a venture capital (VC) firm has closed its Tide Africa Fund at $71-million with plans to make investments for up to 12 startups over the next 18 months. According to TLcom Managing Partner Maurizio Caio, the group, which has offices in London, Lagos, and Nairobi, is looking for tech-enabled, revenue-driven ventures in Africa from seed-stage to Series B. Read more from source article: https://www.techinafrica.com/tlcom-capital-plans-support-12-startups-71-mn-africa-fund-invesment/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Tfanen-Tunisie Créative Launches A $333,000 Local Cultural Engagement Fund For Tunisian Startups

Tfanen-Tunisie Créative is launching a new call for projects for cultural businesses within the framework of the Local Cultural Engagement Fund in Tunisia (FECLT) 2020. This call from the local cultural engagement fund in Tunisia is intended for cultural enterprises and startups. Deadline: 12 March 2020 Read more from source article: https://afrikanheroes.com/2020/03/05/tfanen-tunisie-creative-launches-a-333000-local-cultural-engagement-fund-for-tunisian-startups/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

GFA Daily Digest Mon, Mar. 9, 2020

Africa Applications Open For The Orange Prize For Social Entrepreneurs And Startups In Africa North Africa Moroccan personnel sourcing startup KWIKS secures GreenTec investment Southern Africa South African Company Ayo Launches A $13 million Annual Fund For Investment In African Startups West Africa New accelerator programme Tech By Her opens call to female-led tech ventures Our previous weekend articles are here: 1) https://getfundedafrica.com/2020/02/28/30403/ and here: 2) https://getfundedafrica.com/2020/02/22/gfa-weekend-feature-how-to-raise-funds-for-an-african-hotel/ GetFundedAfrica curates funding news across Africa and emerging markets. Subscribe & check out our March 2020 preview and events here: https://getfundedafrica.com/2020/02/29/gfa-march-2020-preview/ ...

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