Funding

Catalyst Fund, a pre-seed venture capital (VC) fund and accelerator, has been making waves in the African startup ecosystem by backing six climate-tech startups in the past four months.

Ilara Health, a prominent health-tech company, has secured $4.2 million in debt-equity funding in a pre-Series A round. This substantial backing aims to fuel the expansion of clinic-support services across the East African region.

In a groundbreaking move to revolutionize online education, Klas, founded by Nathan Nwachuku (CEO) and Lekan Adejumo (CTO) in 2022, has secured a remarkable $1 million in pre-seed funding.

The Tony Elumelu Foundation Entrepreneurship Programme is paving the way for aspiring African entrepreneurs to transform their business ideas into reality. With a commitment to providing support, mentorship, and seed capital, the initiative has opened applications for its $5,000 grants.

Nigeria's health technology startup, Helpmum, continues to carve a path of innovation and impact as it proudly announces a substantial $225,000 grant from the esteemed Africa Visionary Fund.