INVESTMENT

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.

Passionfroot, a German startup building a marketplace connecting B2B creators with brands, said on Wednesday it has raised $15 million in a Series A funding round led by Insight Partners.

Cascade, a startup building a platform to help architecture, engineering, and construction firms find and win projects, has raised a $3.5 million seed round from Andreessen Horowitz Speedrun, Ada Ventures, and Snowball VC.

Mumbai-based medtech startup Bioscan Research has raised $1 million in a seed funding round led by Unicorn India Ventures.