Funding
Every African startup raise we track — who raised, how much, what stage, and who backed them.
72deals · last 90 days
$20.5Bdisclosed capital tracked
The Deal Tracker
StartupAmountStageSectorInvestorsDate
TolaramNigeria$51MDebtConsumer Goods—5 SeptDangote Petroleum RefineryNigeria$1.5BGrowthEnergy—5 SeptTrade Lenda and AirSmatNigeria$450KPre-seedFintechVillage Capital5 SeptWIOCC GroupPan-Africa$300MGrowthDigital InfrastructureAfrica Finance Corporation (AFC), Vision International Investment Company (Vision Invest)4 SeptCascador ScaleUp cohort (10 Nigerian startups)NigeriaUndisclosedGrowthMulti-sectorCascador4 SeptHubXTurkey$75MSeries ASaaS—4 SeptNombaNigeria$3MDebtFintechCardinalStone Finance Company Limited4 SeptChipMangoSouth Africa$1.9MSeedDeep Tech—2 SeptMamor CapitalSouth Africa$18.8MGrowthVenture Capital—2 SeptSecViteNigeriaUndisclosedPre-seedSoftware—31 AugLiskUndisclosed—Web3—28 AugVentures PlatformNigeria$84MGrowthVenture CapitalEBRD (European Bank for Reconstruction and Development)27 AugVentures PlatformNigeria$84MGrowthVenture Capital—27 AugThriveAgricNigeria$3.93MDebtAgritechY Combinator (prior backer)27 AugVerascientSouth Africa$1.2MUndisclosedHRtech—26 AugLagos Angel NetworkNigeriaUndisclosedUndisclosedFintech—26 AugPouchersNigeria$500KPre-seedFintechStack Directory LLC24 AugBanxsoSouth AfricaUndisclosed—Fintech—22 AugStarcloud / Muon Space$250M eachUndisclosedDeep Tech—22 AugBank of Industry (BOI)Nigeria₦250bnDebtDevelopment Finance—20 AugEliseAIUnited StatesUndisclosedGrowthProptech—19 AugTerra IndustriesNigeria$52MSeedDefense Tech—19 AugFirst HoldCoNigeria$15.2MGrowthFintechFemi Otedola (via Calvados Global Services Limited)19 AugTerra IndustriesNigeria$52MSeedDefence-tech8VC, Silent Ventures, Nova Global, Belief Capital, SV Angel, Norleo Space Investments, Grant Gordon19 AugJemSouth Africa$8.4MSeries AHRtech—19 AugTerra IndustriesNigeria$18MSeedDefence-tech—18 AugTerra IndustriesNigeria$52M (total seed round); $18M extensionSeedDefence Tech—18 AugMooveNigeria$2.1B (valuation)GrowthFintech—15 AugNaran$10MUndisclosedFintechLandel14 AugTurnStaySouth AfricaUndisclosedUndisclosedFintech—13 AugUndisclosed South African travel pay startupSouth AfricaUndisclosedUndisclosedFintech—13 AugJumiaNigeria$50MGrowthE-commerceIFC (International Finance Corporation), Axian13 AugMoment$22MUndisclosedFintech—11 AugYellow CardNigeria$40MGrowthFintech—11 AugVerifiedNigeria$5.3MUndisclosedFintech—11 AugPeach CarsKenya$3.7MDebtAutomotiveTokyo State Lenders11 AugFirst HoldCo (FirstBank Nigeria)Nigeria~$300M (2026 purchases); ~$460M totalGrowthFintechFemi Otedola (via Calvados Global Services)9 AugYellow Card / Moment / NalaNigeria$122M+ combinedGrowthFintechCanal+, Polychain Capital, Valar Ventures7 AugMooveNigeria$250MSeries CFintech—7 AugCoronation Insurance / Coronation Life AssuranceNigeria₦9.2BGrowthInsurance—7 AugStandard BankSouth AfricaR5.4bnDebtFintechAfrican Development Bank7 AugMooveNigeria$250MGrowthLogistics—6 AugMooveNigeria$250MSeries CMobility—5 AugCoronation Infrastructure FundNigeriaN20bnGrowthInfrastructure—5 AugNigerian National Petroleum Company (NNPC)Nigeria$4.5B refinancing / $3B new liquidityDebtEnergy—4 AugHorizon3United States$250MSeries ECybersecurity—4 AugChpter.Kenya$1.2MPre-seedE-commerce—4 AugGeneralist AIUndisclosedUndisclosedRobotics—3 AugFincartEgypt$2.8MPre-seedE-commerce—3 AugBasiGoKenya$38MGrowthElectric Mobility—3 AugGoLemonNigeriaUndisclosed—E-commerce—1 AugFirst HoldCoNigeria₦222.21B (~$160M)GrowthFintechFemi Otedola (via Calvados Global Services Limited)1 AugDimension Data NigeriaNigeria₦4.05BDebtIT Services—30 JulFincartEgypt$2.8MSeedE-commerce / AI—30 JulCodarNigeria$1.5MSeedEdtech—30 JulISF (Innovation Support Fund) portfolioUndisclosedUndisclosedFintechISF (Innovation Support Fund)29 JulAlpha Nautical Services Limited (Anol)NamibiaN$4B (~$244M)UndisclosedEnergy—28 JulAliko Dangote FoundationNigeria$12B+GrantPhilanthropy—28 JulZazuSouth AfricaUndisclosedUndisclosedFintech—25 JulMultiple (Madica portfolio — 3 startups)$600KPre-seedHealthtech / Legal AI / AgritechMadica25 Jul