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

Building Materials Quick Commerce Startup Fixxly Secures $5.5 Million in Seed Round

Bengaluru-based building materials quick commerce startup Fixxly has raised $5.5 million in a seed funding round from Accel, Fireside Ventures and Lightspeed India Partners.

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Zetwerk Secures Approval from SEBI for Its IPO

Zetwerk has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), according to sources aware of the development.

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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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Accel Closes $5 Billion in Fresh Capital to Back Late-Stage Companies

Accel announced on Tuesday that it raised $5 billion in fresh capital to back late-stage companies. The venture firm told Bloomberg that $4 billion will go to its late-stage Leaders Fund

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Atlas Bags $6 Million in a Seed Funding Round

Atlas, an AI-led platform for accounting firms, has raised $6 million in a seed funding round co-led by Accel and Stellaris Venture Partners.

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Accel is Leading Sapiom’s $15 Million Seed Round

Accel is leading Sapiom’s $15 million seed round, with participation from Okta Ventures, Gradient Ventures, Array Ventures, Menlo Ventures, Anthropic, and Coinbase Ventures.

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Knight Fintech Banks $23.6 Million in Series A Funding Round

Mumbai-based banking infrastructure startup Knight Fintech has raised $23.6 million in a funding round led by Accel, with participation from IIFL and Rocket Capital.

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