Capital, new companies, and the months when the map of African funding shifts.
The electric two-wheeler company, already in seven countries, is using the equity round to add assembly, recycling, and new markets including the DRC, Ethiopia, and Ghana.
Fifty-four disclosed deals. The ten largest took about 85 percent of the money. Egypt and Kenya led. Nigeria had as many deals as either, and a fraction of the capital.
Aeon will spend the pre-seed on product and on turning pilots into paid deployments. Terra, which just closed its own $52 million seed, wants a joint venture that pairs physical security with cyber defence.
Flutterwave chief executive Olugbenga Agboola is among the backers of the studio behind the viral browser game. The bet is that a local hit can become a studio, not a one-off.
The New York crypto accelerator’s cheque takes Cloud9’s pre-seed to $1 million. The company wants cards, more payment corridors, and a larger share of cross-border trade.
The pre-Series C was part of a September in which Egyptian startups raised $74.6 million, more than any other country on the continent.
TechVoices
