by: Andrea Spinelli Barrile | May 15, 2024
African startups raised simply $75 million in April 2024, down 47% from final 12 months. The huge deal stories it.
Last month there have been solely 25 financing offers price greater than $100,000, which is the bottom month-to-month exercise by way of variety of offers since 2021.
These offers embody Ghanaian healthcare firm Rivia, which acquired Saas supplier waffle, and Kenyan transport firm Buupass, which acquired Quickbus to speed up its enlargement into Nigeria and South Africa.
Kenya’s Sunculture, which sells solar-powered irrigation methods, introduced a complete sale of $27.5 million whereas Kenyan insurance coverage firm Pula introduced a $20 million financing spherical. Together, the 2 offers accounted for 63% of the overall funding raised on the continent final month.
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