Funding

Temporal Raises $550M at $12.55B Valuation; AIUC Closes $40M Series A

Two AI infrastructure plays secure a combined $590M as investors double down on the picks-and-shovels layer of the AI stack.

16 Sept · 4 min read · artificial intelligence · infrastructure · insurtech
Global

Africa Pulled $438m in August Startup Funding

August's fundraising total signals larger deal sizes and founders increasingly targeting markets beyond their home countries.

Business

Kenya bans raw mineral exports, plans 3 gold refineries

President Ruto's sweeping export ban—covering all minerals, not just gold—targets the 90%-informal sector losing Kenya 1.2 billion shillings in royalties annually.

Funding

Pigee Acquires 55% Stake in Nigerian Logistics Startup ShipAfrica

The US-based trade finance and logistics platform is buying majority control of ShipAfrica in a deal that deepens its footprint across Nigerian and broader African freight corridors.

The Brief

The Money

Deal Tracker →
Series C
$550M
Temporal
AI Infrastructure
Debt
$7M
Watu
Fintech · Kenya
Funding
Undisclosed
Twiga Foods
Agritech · Kenya
Undisclosed
Undisclosed
ShipAfrica
Logistics · Nigeria
Undisclosed
Undisclosed
Motif AI
Artificial Intelligence · United States
Growth
$364.1M (ecosystem total)
Moove
Fintech · Nigeria
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