Here are the top startup and VC deals we tracked in Africa this week.
- Stockholm-based firm Norrsken VC announced a $200 million fund targeting African startups, as it launched Norrsken22 to be based in Kenya, Nigeria, South Africa, and Ghana, and backed by an international network of 30 unicorn founders, who will invest in exceptional entrepreneurs building Africa’s new tech giants.
- Egyptian startup Brimore, which connects small and medium business suppliers with a network of sellers, raised a $25 million Series A round led by IFC and Endure Capital.
- Nigeria-based Bamboo, which lets users buy and trade US stocks in real-time, raised $15 million in a Series A round led by Greycroft and Tiger Global.
- Nigerian mobility fintech startup Moove, which is democratising vehicle ownership in Africa by providing revenue-based vehicle financing, secured $10 million in debt financing to expand across key markets.
- Egyptian startup Yalla Fel Sekka (YFS), an on-demand logistics provider specialising in instant delivery and dark store management, secured a $7 million Series A funding round to expand its presence in Egypt and across the MENA region.
- Nigeria’s Nestcoin, which wants to democratise access to crypto and web3, raised $6.45 million in pre-seed funding to expand its global operations especially in emerging and frontier markets.
- Nigeria-based digital insurance company, Casava secured $4 million in pre-seed funding led by Target Global to provide affordable and accessible insurance products for millions of Nigerians.
- Kenya-based digital trucking logistics startup Amitruck raised a $4 million seed funding round led by Better Tomorrow Ventures (BTV), to accelerate its expansion across Africa.
- Kenyan healthtech startup Afya Rekod closed a $2 million seed funding round led by a US-based seed-stage venture capital Mac Venture Capital, to scale its product and expand into new African markets.
- Nigerian ed-tech startup AltSchool Africa, which aims to equip Africans with in-demand tech and employability skills, raised a $1 million pre-seed funding round to solve talent shortage problems in the tech ecosystem.
The Draft provides a weekly roundup of the most important tech news across key emerging markets in Africa, Asia, Eastern Europe, Latin America, and the Middle East. Follow the rest of our coverage @techloy on Twitter.