Browsing: African startups investments

Catalyst-Fund
  • In 2015, BFA Global launched the Catalyst Fund to support and manage early-stage inclusive fintech startups.
  • Assuraf is an African startup that attempts to deal with the harmful norms of insurance coverage within the content.
  • Located in Kenya, Octavia is one of the twenty companies building DAC technology globally.

Catalyst Fund, a pre-seed VC fund and a startup accelerator in Africa, recently announced that 10 African startups had been accepted within their program. The Fund has announced a $2 million investment in the startups that are building and improving Africa’s ecosystem.

BFA Global launched the Catalyst Fund in 2015 to support early-stage inclusive fintech startups. The Fund offers affordable, accessible and appropriate digital financial solutions.

Despite focusing its reach among African innovators, it still has a global viewpoint. Initially, the Bill & Melinda Gates Foundation, JPMorgan Chase & Co., and fiscal sponsorship from Rockefeller Philanthropy Advisors baked up the pre-seed

funding raised by sectors
  • Investment in African startups in the energy sector more than doubled in 2022 to hit $874 million compared to $413 million in 2021 making it the biggest winner in 2022.
  • The energy sector was followed closely by the logistic & transport sector which experienced year on year growth of 38 percent, surpassing Fintech in Q4.
  • Retail came next at $455m in investment, while other significant sectors growing year on year included Telecom, Media & Entertainment, Agriculture & Food and Deeptech.

Investment in African startups in the energy sector more than doubled in 2022 to hit $874 million compared to $413 million in 2021 making it the biggest winner in 2022.

This is according to latest data from The Big Deal which attributes the growth to two huge investments made in the region during the period under review that includes PEG Africa’s acquisition by Bboxx estimated at $200m and Sun King’s …