FundingGFA Round- Up

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.

  1. It’s to inspire young people that are brainstorming their next million-dollar idea
  2. This program tries to help entrepreneurs to keep track of funding activities in their industry
  3. We help keep track of what venture capital companies are doing in your country.

Top stories

  1. 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. 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 Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

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