Inspiring Africa's Sustainable Business Growth
AFRICA – Quona Capital, an emerging market venture capital (VC) firm, has raised US$332 million for its third fund, exceeding its US$250 million aim and significantly exceeding the US$203 million it disclosed for its second fund in 2020. This raises the VC’s total fund raised to over US$745 million. The funding will help fintechs establish solutions that have an impact on…
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KENYA – Sendy, a Nairobi-based on demand logistics platform, has secured an investment from KMOL PLUS, a Tokyo based investor. This is the first investment by MOL PLUS in an African startup. Sendy operates a platform that connects logistics companies and shippers in Kenya and the rest of Africa. Connecting consumer goods manufacturers and e-commerce companies’ delivery needs with individual…
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ALGERIA – Yassir, an Algerian multi-sided marketplace offering on-demand services such as ride-hailing, food and grocery delivery, banking and more, has raised US$150 million in Series B funding from prominent global investors. The investment was led by BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (aka Spike Ventures) and Y Combinator, among other strategic investors. …
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