Healthtech startup Remedial Health raises US$4.4m seed round to expand geographically

NIGERIA – Remedial Health, a Nigeria-based healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised US$4.4 million in seed funding to accelerate its expansion across Nigeria. The round was led by Global Ventures, with participation from Tencent, Y Combinator, Cathexis Ventures, LightSpeed Venture Partners Scout Fund, Ventures Platform, Alumni Ventures and True Capital Management…

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Egyptian online marketplace Exits.me secures US$1m pre-seed round

EGYPT – Exits.me, an Egyptian online marketplace for fintech investment banking, has secured US$1 million in a pre-seed round. The round is backed by Exits.me of the United Kingdom, a group of prominent Egyptian angel investors, Baseeta Investments Holding and Mawelni Holding for Financial Investments, and the company’s founders. Among the participating Egyptian angel investors are Omar Amer, Abdulmuguid Amer,…

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African Women Impact Fund has been launched with a US$60 million commitment

AFRICA – African Women Impact Fund (AWIF) Initiatives has been launched with a commitment of US$60 million. These funds will provide capital to existing women owners and women fund managers across different asset classes and African regions. The AWIF is an Initiative of the Economic Commission of Africa (ECA) together with its partners: UN Women, the Office of the Special…

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Michael Joseph lends his expertise to Kenyan insurtech startup Pula, to lead its board

KENYA – Kenyan agriculture digital-insurance startup, Pula, has announced the appointment of Michael Joseph, the former Safaricom PLC Chairman and CEO, as the new Chairman of its Board effective September 19. Pula is an agricultural insurance and technology company that designs and delivers innovative agricultural insurance and digital products to smallholder farmers. “I am very pleased to welcome Michael Joseph…

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African-focused investment holding company Maris closes US$12m financing round with Proparco

AFRICA – Maris, an investment holding company with more than US$100m under management across nine sub-Saharan African countries, has received a US$12m financing from France’s development finance institution, Proparco. The climate-aligned investment targets renewable energy, agriculture, forestry and business services and will help Maris build its diverse portfolio of businesses across Africa. It will support a range of Maris operating…

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