Startups
In nearly a decade, hundreds of entrepreneurs have emerged with innovative startups across the African continent. We provide insights on their experiences and highlight the activities of investors who fund them.
Top stories
Equator Africa Fund has secured $5 million from Proparco to scale climate-focused startups across Africa. The funding targets renewable energy, green mobility, and sustainable agriculture solutions.
1Vault, born from Flashbike’s pivot, is a super app helping Nigerian MSMEs with business registration, bookkeeping, banking, and social media management. Over the next three years, it hopes to onboard nine million MSMEs in Nigeria.
Juicyway, an African fintech, has processed $1.3 billion in transactions using stablecoin technology. Emerging from stealth with $3M funding, it aims to transform Africa’s cross-border payments.
In 2021, Henry Nneji founded FoodCourt, a virtual restaurant service. Despite challenges like inflation and securing locations, it became profitable in 2024 and plans to expand to Abuja in 2025.
Eyone has secured $1 million, led by Sonatel’s VIF fund, to expand digital health services across West Africa.
Small retail businesses in Africa have a plethora of solutions to choose fro when it comes to digitising their operations. This is why Kenya’s tappi is focusing on service-based businesses and helping them earn trust online.
Nigerian edtech startup, AltSchool will expand into Europe on the back of its participation in the SuperCharger Ventures accelerator programme.
Focused on startups, Nigerian law firm, Edoigiawerie and Company, blends legal expertise with industry insights to help founders avoid mistakes, protect their ideas, and scale effectively.
In October 2024, art-tech platform Raknida revealed that it would launch an art-streaming platform that would allow people stream art like they stream music. This is part of the company’s mission to make art more accessible to people and give more underrepresented artists an avenue to be appreciated for their work. In October Anthony “Anth”…
ariika raises $3M in a Series A extension to drive regional expansion and growth in MENA’s $20B home décor market. With 3x YOY growth and a 90% CAGR, it’s targeting Iraq and Saudi Arabia.
Lingawa is advancing its mission to preserve African languages with a $1.1M investment, blending live lessons and tech to teach the diaspora Yoruba, Igbo, and more, while empowering local communities.
American software company Salesforce has hired Sandra Adesuwa Ebere has its Business Development Lead in Nigeria. The company says it’s serious about Nigeria and plans to set up a physical presence.
Google’s 2024 accelerator program backs 6 more African startups with tech solutions in fintech, logistics, and eCommerce.
Efreshli, an Egyptian startup which digitises the food supply chain, has secured a seed funding round led by Algebra Ventures to enhance efficiency and transparency in Egypt’s agricultural sector.
Beacon Power Services, a Nigerian energy startup, has raised undisclosed funds in a Series A financing round led by global VC firm Partech to expand its data-enabled and grid management solutions into East and Northern Africa.
At just 21 years old, these two startup founders have launched startups that have raised funding and gotten acquired. Their new startup, Terrahaptix, the most daring yet. It is in a space few African founders have the courage to play in.
Kobo360 CEO Ciku Mugambi resigns after a year, marking another leadership change for the African logistics startup. Her departure raises questions about the impact on Kobo360’s regional operations and growth plans.
The co-founders of Raknida, an art-tech platform, have revealed their plans to launch an app that will allow people stream art as they do music. They also answered questions about go-to-market strategy and revenue opportunity.
LinkedIn has launched its first AI agent, Hiring Assistant, to help recruiters automate repetitive tasks and improve recruitment efficiency. This comes amid allegations of unauthorised data usage to train AI models in South Africa
Moniepoint CEO, Tosin Eniolorunda, told Techpoint Africa in 2018 that he left Interswitch with ₦15 million in savings to build Moniepoint, now worth $1 billion. Here are six strategies the company adopted in its early days as TeamApt.
