Africa's Markets, Startups & Money Moves — Updated Daily

SpaceX to Acquire AI Coding Startup Cursor

SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion stock deal, just a few days after the space company’s historic IPO

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Flutterwave Secures Series E Round that Values the Company at $3.2 Billion

African payments infrastructure company Flutterwave announced Tuesday a Series E round that values the company at $3.2 billion.

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AutoVRse Closes $2.4 Million Funding Round

AutoVRse, an industrial AI transformation platform, has raised $2.4 million in a funding round co-led by Singularity AMC’s Large Value Fund III and Early Opportunities Fund

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The Strait of Hormuz Will Be “Completely Open” from Friday

The Strait of Hormuz will be “completely open” from Friday after a deal between Iran and the US to end the Middle East war that limited shipping in the critical bottleneck

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Biotech Startup Zumutor Biologics Closes $7.3 Million in Pre-Series B Funding

Biotech startup Zumutor Biologics has raised $7.3 million in a Pre-Series B funding round from existing investors Accel and Bharat Innovation Fund, along with participation from new investors

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Sarvam Is Now India’s Newest AI Unicorn

Sarvam has raised $234 million at a $1.5 billion valuation, the company announced on Monday. The Bengaluru-based company is now India’s newest AI unicorn

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Salesforce to Acquire AI customer Service Platform Fin

Salesforce announced on Monday that it will acquire AI customer service platform Fin for $3.6 billion. Formerly known as Intercom, Fin offers an AI agent that can resolve customer queries across channels

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Sustainable Success Is Built on Competence,  Integrity, Discipline and hardworking

We must move from a culture of sharing poverty to one of creating prosperity through production, innovation, and responsible governance

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SonoThera to Advance the Development of a Nonviral, Ultrasound-Mediated Platform

SonoThera Inc. has secured a $125 million funding round to advance the development of a nonviral, ultrasound-mediated platform for gene therapy. This marked a major change for a significantly evolving industry

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Nedbank Partners JUMO to Unlock Next-Generation Digital Credit Ecosystem

Nedbank has entered into a partnership with AI-powered banking technology company JUMO to unlock a next-generation digital credit ecosystem.

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Moroccan Prop-Tech Startup Agenz Raises $5 Million

Agenz, a Moroccan proptech startup that digitises real estate transactions, has raised $5 million to support product development and strengthen its investments in artificial intelligence.

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Sports-Tech Startup Dartle Closes Seed Funding Round

Kerala-based sports-tech startup Dartle has raised $100,000 in a seed funding round led by Inflection Point Ventures (IPV). The proceeds will be used to expand its go-to-market strategy

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