INVESTMENT

Ellis uses AI agents to tackle the fragmented workflow private credit managers deal with, including managing documents, spreadsheets, and correspondence.

A Launch Base Africa analysis of more than 120 disclosed equity funding rounds shows that the International Finance Corporation (IFC), France’s Proparco, and Morocco’s Azur Innovation Fund emerged as the most active equity investors

London-based Inforcer announced Thursday a $50 million Series C round led by Insight Partners — the latest sign of investor interest in a category of startup solving a very mundane problem

Revspot has raised $4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures. The round also saw participation from Pentathlon Ventures, Silicon Road Ventures and existing investor Titan Capital.

Dutch development bank FMO has committed $30m in senior debt to M-KOPA Kenya Mobility, the electric motorbike financing unit of African fintech group M-KOPA

Egyptian e-health startup Reme-D has raised US$1.45 million in pre-Series A funding to expand its manufacturing capacity, regional footprint, and diagnostic product portfolio.

The Botswana Tech Fund (BTF) has reached a US$6.7 million first close of its targeted US$64 million fund to invest in technology companies supporting digital growth across Southern Africa.

Ghanaian startups Built, GrowForMe, and SAYeTECH have raised a combined US$500,000 in funding from the Africa Ecosystem Catalysts Facility, a US$4 million pilot investment facility

Healthtech startup CARPL.ai has raised $10 million in a Series A funding round led by the International Finance Corporation (IFC), with participation from existing investor Stellaris Venture Partners

Gurugram based travel tech startup 30 Sundays has raised $6.7 million in a funding round led by Bessemer Venture Partners, with participation from existing investors Info Edge Ventures and Eximius.

Moroccan super app ORA Technologies has extended its Series A round of funding to US$10 million after raising an additional US$2 million from local investors.

While many newer VC firms are still struggling to raise fresh capital, Dimension Capital, founded in late 2022, has been raising increasingly larger funds in quick succession.