Funding

Cairo-based venture capital firm Foundation Ventures has announced the first close of its $25 million fund, FVFII, aimed at bolstering...

Simplex, an Egyptian startup specializing in computer numerical control (CNC) machine manufacturing, has successfully raised $13 million to construct a...

African startups collectively raised $2.2 billion in 2024, marking a 25% decline from the previous year, according to a report...

Nigerian fintech startup Accrue has successfully raised $1.58 million in a seed funding round led by Lattice Fund, with participation...

OpenAI, the artificial intelligence company behind ChatGPT, is reportedly in discussions to raise new funding, which could push its valuation...

South African fintech startup NjiaPay has successfully raised over $1 million in an oversubscribed pre-seed funding round. The round was...

Cairo-based startup Fincart.io has successfully closed an undisclosed pre-seed funding round led by Plus VC, with participation from Plug and...

Insight Terra, a South African climate-tech company specializing in environmental risk management, has successfully closed a $5.7 million Series A...

LemFi, a fintech platform dedicated to providing financial services for immigrant communities, has raised $53 million in a Series B...

Hudhudshop, the top e-commerce platform with its headquarters in Qatar, recently announced that it has successfully raised six figures in...

According to a filing with the U.S. Securities and Exchange Commission, Elon Musk's artificial intelligence company, xAI, has raised $6...

Nowlun, an Egyptian logistics startup, has secured US$1.7 million in seed funding to support its goals for expansion and expedite...