Funding

Pan-African startup ProXalys Inc has secured $500,000 in a funding round led by venture capital firm 216 Capital. The startup, based in the US and Senegal, has expanded its operations to Tunisia, aiming to revolutionize operational methods for informal businesses through its latest product.

In a momentous development for Morocco's startup landscape, the 212Founders programme, operating under CDG Invest, the investment arm of the CDG Group, has strategically invested in Crealo.

Egyptian edtech startup Edura has successfully concluded a pre-seed funding round, positioning itself as a rising force in the educational technology landscape.

Kenyan agri-tech, Shamba Pride has harvested a substantial $3.7 million in debt-equity pre-Series A funding. This funding round, spearheaded by EDFI AgriFI and Seedstars Africa Ventures, marks a pivotal moment for the startup founded in 2016.

Tanzanian health-tech startup Dawa Mkononi, specializing in B2B pharmaceutical services, has successfully secured funding. This infusion of financial support is poised to propel the company forward in its mission to broaden healthcare access across East Africa.