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AfricInvest and Cathay Innovation Complete Close of €110M Venture Fund

AfricInvest, a multi-asset investment platform in Africa, and venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African...

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Funding

Turaco Secures $10M Series A Round Fundraise

Turaco, an insurtech driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest,...

593

News

African fund managers come together at Oxford’s Saïd Business School to support Africa’s tech innovation boom

From 12 – 16 September 2022, the Boost Africa Technical Assistance Facility and AfricaGrow Technical Assistance Facility will host 40 leading fund...

722

Egypt

Egyptian ad-tech startup ArabyAds raises $30m pre-Series B

ArabyAds, an AdTech company in the MENA region, announced that it has raised US$30 Million in Pre-Series B funding round from AfricInvest,...

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FinTech

MFS AFRICA ANNOUNCES THE EXTENSION OF ITS SERIES C TO US$200 MILLION

MFS Africa, a digital payments network, has announced that it has secured an additional US$100 million in equity and debt funding led...

954

Ed Tech

GOMYCODE raises $8 million Series A round

Tunisian ed-tech startup GOMYCODE recently closed an $8 million Series A round led by AfricInvest, through the Cathay AfricInvest Innovation Fund (CAIF),...

995

FinTech

Moove raises $105m in Series A2 round to scale

Moove, the world’s first mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed...

MFS Africa has raised $100M Series C for expansion across Africa

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FinTech

MFS Africa raises $100M Series C for fintech expansion across Africa

MFS Africa has raised US$100 million Series C through an equity and debt financing round. The fundraising marks another milestone in MFS...

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Innovation

54gene Closes $25M Series B to Advance Global Drug Discovery Capabilities

54gene, the health technology company advancing African genomics research for improved global health outcomes, has secured $25M in a Series B round,...