GFA Round-Up October 2021
About GFA Round- Up
Is a bi-weekly vlog hosted by Nichole Manhire, sponsored by GetFundedAfrica. We select 10 funding success stories that made the headlines in our daily digest.
Why we do GFA round up.
- It’s to inspire young people that are brainstorming their next million-dollar idea
- This program tries to help entrepreneurs to keep track of funding activities in their industry
- We help keep track of what venture capital companies are doing in your country.
Top stories
- Sun Exchange
SA startup Sun Exchange secured $2.5 million in convertible note financing to continue to scale its solar leasing platform. (Read more) They had preveiously secured Sun Exchange secures $3m investment, closes $4m round earlier this year (Read more)
2. HelloChoice
South African agri-fintech startup HelloChoice finalised a major investment from Standard Bank following several partnerships. Read more
3. ReelFruit
ReelFruit, a premium dried fruit company known for its high-quality nutritious snacks, has just secured US$3mn Series A funding round. Read More
4. Chari.ma
Chari.ma raised a $5 million Seed round at a valuation of $70 million, co-led by Rocket Internet, Global Founders Capital, and P1 Ventures. Read more
5. Amenli
Amenli raised a $2.3 million Seed round from GFC, P1 Ventures, Liquid2 Ventures, Anim Fund with Costanoa VC, Cliff Angels, and other angel investors. Read More
6. Payday
Pan African Fintech Startup Secured $1m Pre-seed Round To Build Africa’s first Paypal. Payday secured $1 million in pre-seed funding to continue its efforts to make global payments more accessible to Africans. Read More
7. Castle One
Cape Town-based Castle One, a prop-tech venture capital and private equity organisation has reportedly secured a notable investment from HL Hall and Sons Holdings (‘Halls’). The undisclosed investment will be used to help the prop-tech venture builder assist the real estate industry in optimising technology to benefit this sector.
8. Zola Electric
The Renewable energy provider, called Zola Electric, has secured US$90m in funding to enter new markets and drive distributed renewable energy in sub-Saharan Africa. Read More
9. Infibranches Technologies Limited
Nigerian fintech firm, Infibranches Technologies Limited has bagged US$2mn in funding from All On, an impact investment company backed by oil major, Shell, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria. Read More
10. ConDigital
ConDigital took on US$25,000 in funding from The Baobab Network after being accepted into its accelerator program in 2019 and has now raised an undisclosed amount of seed funding. Read More
Is a bi-weekly vlog hosted by Nichole Manhire, sponsored by GetFundedAfrica, if you would like to advertise and reach out to an African audience please send us an email. nichole@getfundedafrica.com