Startup Updates

Octavia, a Kenyan-based carbon removal startup, has raised $3.9 million in seed funding to scale its carbon capture technology. The startup, which began capturing carbon earlier this year, is now focused on expanding its operations with additional machines.

Rabbit Mobility, an Egyptian startup focused on micro-mobility solutions, has raised USD 1.3 million in a recent funding round.

Morocco-based property technology startup Agenz has announced a significant boost to its growth plans following an undisclosed investment from Renew Capital.

Waribei, a fast-growing fintech startup based in Ivory Coast, has successfully raised €750,000 (approximately $820,462) in pre-seed investment to accelerate the development of its inventory financing platform.

In partnership with @iBizAfrica-Strathmore University, Standard Chartered Kenya has awarded KES 8.75 million to seven women-led startups operating in the sustainability sector.