Tag: African startups

Delta40 Completes $20M Fundraising Effort to Build & Support Innovative Ventures Across Africa

Delta40 secures $20M in funding to accelerate Africa’s first institutional Venture Studio + Fund, supporting innovative startups across energy, agriculture, and fintech. Backed by 54 investors—including 25 founders and 14 African investors—Delta40 combines early-stage capital with hands-on operational support to scale startups faster and more efficiently. With offices in Kenya and Nigeria, the venture studio provides expertise in fundraising, commercial growth, finance, legal, and strategy, helping founders move from idea to pan-African scale. Delta40’s model addresses gaps in Africa’s innovation ecosystem, empowering diverse founders and building resilient, high-impact businesses while creating jobs and advancing sustainable solutions.

Innovate Africa Fund Proves ‘Founder-First’ Model: Inaugural Portfolio Unlocks 5x Follow-on Capital at Concept Stage

Innovate Africa Fund’s inaugural Year in Review demonstrates how a founder-first, product-led investment model can unlock outsized results at the concept stage. Launched with a US$2.5M rollout, the early-stage fund selected just three portfolio companies from more than 5,600 applicants, backing founders solving Africa’s most complex challenges. Within months, flagship investments TNKR and Oikus secured 5x follow-on angel capital, validating the Fund’s disciplined approach to structured experimentation, early pivots, and hands-on support. The report highlights how patient capital, rigorous founder selection, and product-first validation are reshaping early-stage venture building in Africa.

Madica Expands Portfolio With Two New AI Startups

Madica, the structured investment program for pre-seed African startups, has expanded its portfolio with two new AI-powered companies—Anavid (Tunisia) and Hypeo AI (Morocco). Each receives up to $200,000 and joins Madica’s 18-month program offering mentorship, global exposure, and investor connections. Madica also announced a strategic partnership with the African Business Angel Network (ABAN) to boost local investment flow and co-investment opportunities across Africa’s innovation ecosystem.

Industry Leaders and Investors Convene at Africa Tech Summit London to Unlock Global Capital for African Tech Ventures

The 9th Africa Tech Summit London, scheduled for June 6, 2025, at the London Stock Exchange, brings together over 350 investors, founders, and industry leaders to unlock global capital for African tech ventures. With the support of key partners such as AWS, Bank of America, and Flutterwave, the summit will explore the future of African startups, offering insights on funding, investment opportunities, and emerging technologies such as Generative AI, Web3, and Digital Identity. High-level speakers will discuss strategies to scale African ventures globally and adapt to economic shifts. The event aims to foster bold conversations, collaborations, and new opportunities for African tech ecosystems to thrive amidst changing economic landscapes.

2025 AFRICATECH AWARDS AT VIVATECH: NIGERIA, KENYA & TUNISIA TOP THE LIST FOR THIS 4th EDITION

The 2025 AfricaTech Awards, hosted at VivaTech in Paris, celebrates African innovation with 45 startup finalists across GreenTech, HealthTech, and E-commerce & FinTech. This 4th edition sees Nigeria, Kenya, and Tunisia leading in participation, with half of the finalists being women-led startups. Winners will be announced on June 12, 2025.

55 Finalists Unveiled for the Inaugural Africa Tech Summit Awards 2025

The article announces the 55 finalists selected for the inaugural Africa Tech Summit Awards 2025. These finalists, representing various sectors of the African tech ecosystem, have been chosen for their innovations and contributions to the growth of the industry. The awards highlight outstanding achievements across categories such as fintech, health tech, agri-tech, and more.