Browsing: Africa’s tech startups

• Africa is home to 65 percent of the world’s uncultivated fertile land, but millions sleep hungry daily.
• Amini Corp seeks to address the scarcity of data in Africa as well as facilitate capital investment.
• The scarcity of high-quality environmental data prevents others from building climate solutions such as farmer insurance schemes.

Amini Corp, a Kenyan-based climate tech startup, has raised $2 million in pre-seed funding which it plans to channel into developing an environmental data platform for Africa. The funding was secured through an oversubscribed round led by top European Climate Tech Fund, Pale Blue Dot. 

Other investors in the venture are Superorganism, RaliCap, W3i, Emurgo Kepple Ventures and angel investors from the global tech community.

Amini Corp seeks to address the scarcity of data in Africa as well as facilitate capital investment. The company also promotes climate resilience, and helps accelerate economic development opportunities in the region.…

According to a report published by Partech, an investment platform for tech and digital companies in 2021, 640 African tech start-ups raised a total of US$5.2B across 681 equity rounds. This is 3.6 times YoY growth that makes Africa tech VC-; the world’s fastest-growing ecosystem.

In 2021, Partech tracked a total of 681 equity rounds raised by 640 start-ups. This is a 92 per cent increase in growth YoY compared to the 359 rounds raised by 347 start-ups in 2020.

However, 73 per cent of total funding went to the top 4 countries, with half of it going to Nigeria alone. According to the latest report, in equity funding the West African country took 1.8 billion which is 34 per cent of the total. Nigeria recorded 185 equity deals representing 27 per cent of all deals.…