This Week in African Tech 🌍

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Your tour guide on African Tech 🧭

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Welcome to This Week in African Tech!

Caleb here, and I had a lot of fun connecting with the tech communities in Lagos and Accra last week! I can’t wait to do it all again soon.

Before we get into this week’s roundup, I wanted to remind you that we’ve teamed up for a webinar with Founders Factory Africa (FFA) to explore “The Female Founder's Guide to Raising”.

I’ll be joined on the panel by Farah Emara, CEO at FreshSource Global, Hope Ditlhakanyane, Investment Principal at FFA, and Gwera Kiwana, Co-Founder of Women Who Build Africa.

If you’re a female founder looking to raise capital for your startup in Africa, this is for you.

The webinar is on the 26th of March and starts at 5 pm EAT.

Now, let’s get into the roundup!

Tech Roundup

Deal Roundup

  • Float, a South African BNPL startup, raises $11 million in a growth facility fund. Standard Bank led the funding round, and Float will use the funds to support the launch of its card-linked installment platform and accelerate growth over the next four years.

  • Tunisian AI startup Clusterlab raises $600,000 in pre-seed funding. This round was led by prominent investors including Karim Beguir as well as regional angel investors. The funding will be used to boost Clusterlab’s research and development efforts and advance their next-generation large language models (LLMs).

Events and Opportunities

  • Applications are now open for the 14th edition of the Orange Social Venture Prize (OSVP) in Africa and the Middle East, aimed at supporting social innovation and encouraging entrepreneurship. The Prize rewards innovative startups positively impacting education, healthcare, e-commerce, agriculture, or the environment. Qualified startups can apply here until the 24th of May, 2024.

  • South African startups are invited to apply for the Irish Tech Challenge South Africa, which seeks to foster partnerships between South African and Irish startups. Startups in clean and green technology, healthcare, education, and water sanitation and hygiene are particularly encouraged to apply. If that’s your startup, apply here before the 26th of April, 2024.

  • Burning Heroes Founders Association has opened applications for the second edition of the BH Africa Startup Awards, which aims to connect ventures with investment and other opportunities. The awards offer 30 early-stage startups the chance to virtually pitch to a panel of VCs and successful tech founders. Applications are open here until the 1st of April, 2024.

  • Calling all techies in Lagos! The Lagos Tech Summit 2024 takes place on the 6th of April, 2024. The Summit aims to tackle unemployment by leveraging the power of technology with the theme “Breaking Barriers of Unemployment through Tech.” Get your tickets here.

And that's a wrap for this week!

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