Funding

In a recent milestone, Egypt's bluworks secured a remarkable $1 million pre-Seed investment round, marking a significant step forward in its mission to reshape the HR landscape in the Middle East and Africa.

Spatialedge, a pioneering South African company specializing in AI-driven software solutions, has secured a substantial investment of R60 million from Hlayisani Growth Fund.

The Fund for Export Development in Africa (FEDA), an impact investment arm of Afreximbank, announces its investment in Bloom Africa Holdings Limited (BAHL), a leading regional financial services platform operating across West Africa.

eha Impact Ventures (EIV), a trailblazing gender-lens impact investing firm, celebrates a significant milestone with the acquisition of a $1.9 million grant from eHealth Africa (eHA). This transformative grant underscores EIV's commitment to empowering women entrepreneurs across Africa.

Pula, a pioneering agric insurance technology company based in Kenya, has secured $20 million in a Series B funding round. The funding marks a significant milestone for Pula, enabling it to broaden its scope beyond its current pilot program in Nigeria.

Five major global retailers have joined forces to establish W23 Global, a groundbreaking collaborative venture fund aimed at accelerating innovation within the retail sector.