Browsing: Africa : The Big Deal

• Startups in Africa have attracted over $1.2 billion in financing this year.
• Experts note that debt financing for startups in Africa is increasingly taking centre stage.
• In July, startups d.light, Va1U, Terrapay as well as Cartona all settled on debt financing to boost operations.

Startups in Africa have defied the odds in declining global capital flow, attracting a record $420 million in financing in July. This funding, which excludes exits, takes to $1.2 billion the amount of money channeled to startups in Africa this year and is the highest on record in 14 months.

“The numbers were heavily skewed by the two mega deals that were announced during the month: d.light’s $176 million securitisation facility and MNT-Halan’s $157.5 million raise. NALA’s $40 million Series A also deserves a mention. Combined, these three deals represent 90 percent of the funding raised,” an update by startup funding tracker, Africa: The Big Deal…

• This milestone is, however, delayed given that startup funding hit $1 billion in April 2023, as early as February in 2022 and May in 2021.
• One of the outstanding investments were d.light’s new $176 million securitization deal to enhance the uptake of solar powered equipment in Kenya, Uganda and Tanzania.
• Another record was Egypt-based MNT-Halan’s $157.5 million raise to fuel their expansion.

With five months to go to the end of 2024, the state of startup funding in Africa looks promising with new businesses attracting over $1 billion by the end of July. According to the startup funding tracker, Africa: The Big Deal, July was “the most successful month in terms of fundraising in Africa in more than a year, and represents what was raised in the whole of Q2 2024.”

This milestone, however, appears to …

• Western Africa startups have received the highest funding since 2019 to date according to the latest report by Africa: The Big Deal. 
• The report released on Tuesday indicates that Western Africa startups have received $5.1 billion from 2019 to October 2023. 
• Eastern Africa came in second having received $3 billion in the period under review while Northern Africa followed with $2.5 billion worth of deals. 

Western Africa startups have received the highest funding since 2019 to October 2023, according to the latest report by Africa: The Big Deal. The report, released on Tuesday, indicates that Western African startups have received . (Zolpidem) 1 billion from 2019 to October 2023.

Eastern Africa came in second, having received $3 billion in the period under review, while Northern Africa followed with $2.5 billion worth of deals. In East Africa, 84 per cent of all the funding raised since 2019 was …

• Launch Africa has been named as the most Active investor in Africa, according to the latest data from Big Deal.
• The data indicates that Launch Africa has been signing more than a deal a week on average in the last two years, and has the widest geographical spread.
• Launch Africa is followed by Flat6Labs who’s the only one of this very active group to focus exclusively on one region : Northern Africa (with 2/3 in Egypt and 1/3 in Tunisia). 

Launch Africa has been named as the most active investor in Africa, according to the latest data from Africa: The Big Deal. The data indicates that Launch Africa has been signing more than a deal a week on average in the last two years, and has the widest geographical spread.

The firm also got involved in 12 percent of all equity deals between $100k and $10m that happened on the …