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12 New Articles
  • November 17, 2020 Safeboda halts operations in Kenya due to the pandemic strains
  • October 16, 2019 Meet the 10 Africa Netpreneur Prize finalists
  • October 8, 2019 Tingg Launched across 8 African Countries
  • July 8, 2019 Epesi Cloud Platform is out here to Unifying your Business
  • June 11, 2019 AfriLabs Expands into 45 African Countries
  • April 25, 2019 Apply for the Google Africa Certification Scholarships
  • April 3, 2019 Nigerian medtech startup MDaaS Global raises over $1m in equity funding
  • April 3, 2019 Egyptian end-to-end distribution platform Brimore raises $800k seed round
  • March 27, 2019 Kenya’s Sokowatch, Asoko Insight, WaystoCap, TousFacteurs & MaxAB raise funding from Morocco-based Outlierz Ventures
  • March 27, 2019 Bolt is yet to enter the scene with an idea of a food delivery service
  • March 17, 2019 Protected: Epesi ELimu Taking School Management to the Clouds
  • March 10, 2019 AfriLabs Annual Gathering 2019 to Be Hosted in Addis Ababa, Ethiopia
Home News Funding and Acquisitions

Funding and Acquisitions

Funding and Acquisitions

Nigerian medtech startup MDaaS Global raises over $1m in equity funding

By Incubate Africa
April 3, 2019
in :  Funding and Acquisitions
0

MDaaS Global, a Lagos-based medtech startup that builds and operates diagnostic centres in Nigeria, has raised just over $1-million in equity funding, reveals a US Securities and Exchange Commission filling made on (1 April). The filling states that up to 12 investors were involved in the round which commenced on 15 March. According to the filling the total offering amount was …

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Funding and Acquisitions

Egyptian end-to-end distribution platform Brimore raises $800k seed round

By Incubate Africa
April 3, 2019
in :  Funding and Acquisitions
0

End-to-end distribution platform Brimore has announced that it has raised $800 000 in a seed round co-led by Algebra Ventures and Endure Capital. In a statement today (2 April) the Cairo-based startup said 500 Startups, Flat6labs and some undisclosed angel investors also participated in the round. Brimore’s platform provides manufacturers with direct access to local communities who can both use and promote the products. The startup was founded …

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Funding and Acquisitions

Kenya’s Sokowatch, Asoko Insight, WaystoCap, TousFacteurs & MaxAB raise funding from Morocco-based Outlierz Ventures

By Incubate Africa
March 27, 2019
in :  Funding and Acquisitions
0

Morocco-based Outlierz Ventures, an early-stage VC fund backed by private investors from Silicon Valley, Middle East and Africa has made five investments in fast growing tech-enabled companies across five different markets. The startups include, Morocco’s WaystoCap, Kenya’s Sokowatch, UK’s Asoko Insight, France’s TousFacteurs, and Egypt’s MaxAB, The startups received investment tickets range between $50k and $500k in Seed stage and …

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Funding and Acquisitions

Nigerian fintech firm TeamApt raises $5M Series A, led by Quantum Capital Partners.

By Incubate Africa
March 1, 2019
in :  Funding and Acquisitions, Startups
0

Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app. Founded by Tosin Eniolorunda, TeamApt supplies financial and payment solutions to Nigeria’s largest …

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Funding and Acquisitions

BRCK Acquires the Surf Network

By Incubate Africa
February 16, 2019
in :  Funding and Acquisitions
0

BRCK has long been on a mission to create an onramp to the internet for people who can’t afford it regularly.  To this end, we built the SupaBRCK that runs the Moja Network, and then started expanding that service in Kenya and Rwanda.  Moja is about getting everyone online, even if you can’t afford it, by having businesses buy services …

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Funding and Acquisitions

South African AI startup Xineoh secures $1.5m funding round

By Incubate Africa
February 15, 2019
in :  Funding and Acquisitions
0

SA tech company Xineoh has closed a $500 000 equity funding round and is now exploring opening a second office in Canada — in Toronto — the startup’s CEO and founder Vian Chinner revealed today. The company, which Chinner (pictured above) founded in 2010 and uses artificial intelligence (AI) to predict customer behaviour, already has offices in Canada’s Vancouver — as well …

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Entrepreneurship & Technology

Our three year Journey as a startup

By Incubate Africa
January 30, 2019
in :  Entrepreneurship & Technology, Funding and Acquisitions, Startups, The African Talk
0

First of I want to Give thanks to God, our readers, supporters, other tech media blogs, my co-founder, ya’ll are the reason we are still standing strong through the journey. Basically When you are a one runner, you carry the company load alone, what if the weight becomes a burden and you really feel like hanging the boots, quitting and …

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Funding and Acquisitions

Andela Secures $100M Series D from One New Investor and 4 Existing Ones

By Incubate Africa
January 24, 2019
in :  Funding and Acquisitions
0

Andela, the company building distributed engineering teams with Africa’s top software developers, today announced the completion of a $100M Series D funding. The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. Founded in 2014, Andela connects Africa’s engineering talent with the demand for software developers …

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Funding and Acquisitions

GOODWELL ACQUIRES SHARE IN COPIA

By Incubate Africa
January 21, 2019
in :  Funding and Acquisitions
0

Goodwell Investments has acquired a share in Copia, a  promising ecommerce business that specializes in supplying products and services to currently underserved consumers in rural Kenya. Copia has great potential to expand in that country and other emerging rural markets across Africa and beyond. Copia supplies products and services to “Base of the Pyramid” (BoP) consumers. Through a combination of …

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Funding and Acquisitions

Uganda’s M-SCAN scoops the winner at Techcrunch Startup Battlefield Africa

By Incubate Africa
December 11, 2018
in :  Funding and Acquisitions, Startup BattleField Africa, Startups
0

After Running an Event in Africa for the second time in Lagos, Nigeria: Techcrunch Startup Battlefield Africa  where 15 companies took part in competing for the $25,000 equity free grand prize and a chance to attend the TC Disrupt 2019 in SF. The winner of the event was M-SCAN from Uganda, which develops portable mobile ultrasound devices (Ultrasonic probes) that are laptop, …

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July 8, 2019

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inc_africaRe.Kast IO Launch@inc_africa·
17 Nov

Safeboda has halts operations in Kenya due to the pandemic strains https://incubateafrica.net/2020/11/safeboda-has-halts-operations-in-kenya-due-to-the-pandemic-strains/

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16 Oct 2019

Meet the 10 Africa Netpreneur Prize finalists https://incubateafrica.net/2019/10/meet-the-10-africa-netpreneur-prize-finalists/

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inc_africaRe.Kast IO Launch@inc_africa·
15 Oct 2019

Tingg Launched across 8 African Countries https://incubateafrica.net/2019/10/08/tingg-launched-across-8-african-countries/

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24 Jul 2019

https://bit.ly/2SxxRBc Congrats to the @onadata This is a step forward to ensuring equitable access to services for those who need them most.

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Funding and Acquisitions

  • April 3, 2019

    Nigerian medtech startup MDaaS Global raises over $1m in equity funding

  • April 3, 2019

    Egyptian end-to-end distribution platform Brimore raises $800k seed round

  • March 27, 2019

    Kenya’s Sokowatch, Asoko Insight, WaystoCap, TousFacteurs & MaxAB raise funding from Morocco-based Outlierz Ventures

  • March 1, 2019

    Nigerian fintech firm TeamApt raises $5M Series A, led by Quantum Capital Partners.

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