- Tech Safari
- This Week in African Tech 🌍
This Week in African Tech 🌍
GoMetro raises $11 million, Sky Garden makes a come back
Welcome to Tech Safari!
Your tour guide on African Tech 🧭
Hello to the new folks who have joined the Safari since the last edition.
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Last week we missed our weekly roundup, so this edition has the last two weeks of African Tech. There is a lot to catch up on.
Before we dive in - Founders in Nairobi, I’m hosting a workshop next week called Seed to Scale: Raising a Series A in Africa.
This session is for founders who want to scale to Series A, and we will hear from experts in scaling, equity management and fundraising.
It’s an in-person workshop and part of Latitude59 on Wednesday, 6th December.
We only have 50 spots, you can register for it here.
Alright, let’s dive in.
Kenyan e-commerce startup Sky Garden is back. After almost shutting down last year, they’re relaunching under Lipa Later, a Kenyan digital credit fintech. Lipa Later says they’ve pumped in $1.5 million to get Sky Garden up and running again.
Our friend and media founder Fatu Ogwuche has launched a new show for African tech personalities - Backstories with Fatu. It premiered last Tuesday on her YouTube channel: Big Tech this Week. Catch it here
Zazuu, a cross-border payment startup for Africa, shuts down, citing lack of funding. This comes after raising over $2 million in funding from investors such as Launch Africa and Founders Factory last year.
Nigeria’s first digital publisher, Okada Books, shuts down after ten years. The online book platform has helped over 8,000 writers become authors for free, and has over 20,000 books available for download. They have not given a specific reason for closing.
Deal Round Up
Saviu Ventures, a leading VC firm in Francophone Africa, has raised $13 million for its second fund- Saviu II. Following its first close, Saviu II has already made a few investments, including in Cameroon’s Waspito, Senegal’s Rubyx, and Kenya’s Workpay
Pricepally, Nigeria’s food ecommerce startup, raises $1.3 million in seed funding. The round was led by Samurai Incubate, SOSV, ELEA, Hi2 Global, Chui Ventures, and former Unilever West Africa MD David Mureithi.
Morocco’s Chari, focusing on B2B e-commerce and fintech, raises undisclosed funding from UM6P Ventures. The funding will help grow their platform, which links small retailers in Morocco and Tunisia to big local manufactures.
Cameroonian healthtech Waspito raises $2.5 million in seed funding to expand across Francophone Africa. The round was led by DP World via Newtown Partners, Saviu Ventures, AAIC Investment, Axian Ventures, and CFAO’s Health54.
Nigerian venture capital firm, Aduna Capital, is launching a $20 million fund. They're allocating 55.5% of investments to Northern Nigerian startups, with the rest for other Nigerian and African regions. Half of the supported startups will be female-led.
Events and Opportunities
Techies! Servercore has a free webinar for founders and anyone who runs a business online. Join them tomorrow and learn how to use the cloud to solve business problems, handle personal data legally, and prevent downtimes during high-traffic periods. Register here
Hey founders! Applications are still open for the Africa Tech Summit investment showcase. The annual event is going to Nairobi next year, on February 14-15. Apply here before December 19 to pitch your startup in front of Africa’s biggest tech audience.
Eyeing a career in cyber security? Apply to the CyberGirls Fellowship to get your career started next year. CyberGirls is a 1-year program that trains and mentors African girls and women aged 18-28 in cyber security. Apply here
Building an Agri-tech startup in Africa? Join the African Agritech scale-up program by Endeavor, AfricaGrow, and FMO, the dutch development bank for businesses. The program will run through out 2024. Apply here by December 30th.
And that's a wrap for this week!
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