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

Base Power Latest Funding Round Values the Company at a $13 Billion Post-Money Valuation

The Series D values the company at a $13 billion post-money valuation. Base Power is installing about 100 batteries per day, according to The Wall Street Journal report, and it hopes to double that by the end of the year

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Ellis AI Secures $10 Million Seed Funding

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

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Travel Agency Fora Raises Fresh Fund Valuing the Company at $1 Billion

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

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Stripe’s Valuation Hits $159 Billion

Stripe announced that this latest secondary transaction now values the company at $159 billion. Investors buying the shares include Thrive Capital, Coatue, Andreessen Horowitz, and Stripe itself.

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