Funding In Northern Africa
Egypt’s Delivery startup, Breadfast, secures US$26mn Series A funding round from Vostok New Ventures
Deliveries are currently offered in under 60 minutes, with the company planning on bringing that down to 20 minutes by utilizing a portion of the new funding to grow its web of dark stores. Read more
Funding In Western Africa
Nigerian fintech startup, Lemonade, secures US$725k Pre-seed funding round
The new money will allow the team to strengthen its squad, improve the app’s functionality, and expand the number of nations covered. Read more
Funding In Eastern Africa
Kenya’s mobility startup, Opibus, secures US$7.5mn funding round for operational expansion
The fund, according to the board, is expected to help it scale its operations in electric motorcycle and bus manufacturing. Read more
Kenya’s Healthech startup, Shamiri, lands US$1mn to scale its operations across Africa
And with about 6 – 8% of youth diagnosed with depression, the continent struggles with poor mental health literacy, the stigma around mental health issues, and weak healthcare systems. Read more
