Daily Digest Friday, 25 September 2020
Funding In Africa
Endeavor Catalyst Raises $134M For Investments In African Startups
This $134M Fund III represents the largest Endeavor Catalyst fund to date surpassing the $120M target goal originally set and brings Endeavor Catalyst’s total assets under management (“AUM”) up to $250M. Read more
Funding In West Africa
Pan-African Software Company AirSmart Secures $100,000 In Investment
The Nigerian-based firm will use the funds to get the flagship product, SmatCrows, to customers in Nigeria and support the product launch. Read more
Solar Home Systems Provider, Lumos Secures US$35m From DFC To Scale Up Operations In Nigeria
The new financing will enable Lumos to produce an additional 160,000 solar home systems (SHS) to meet ever-increasing demand from homes and businesses across the country. Read more
Funding In Other Emerging Markets
New E-Commerce Platform Launches To Support SMEs
The impact of Covid-19 has caused many small businesses to reinvent themselves with a shift towards creating an online presence to manage sales and increase their customer reach. Read more
Latest News
Kenya Unveils First Diaspora Investment Fund
Almost three million Kenyans living in mostly North America and Europe sent an estimated $3bn in remittances to Kenya last year, representing the largest source of foreign exchange for the country. Read more
GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges
GFA Attract And GFA Weekly Round Up
GFA Attract Series (VC Edition): Interview With Rob Eloff, Lateral Capital
In this episode of GFA-Attract, Debo discussed with South African born Rob Eloff the co-Founder & managing partner at Lateral Capital, a mission driven venture fund investing in early stage opportunities in Sub-saharan Africa to bridge the gap between capital and opportunities. Watch the exclusive Interview here
GFA Weekly Round Up September 14- September 18
In this week’s episode of the weekly round up we zoomed in on funding activity in Africa from September 14-15 Listen Here
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