Nigerian startup Frain Technologies raises US$473k pre-seed funding round

NIGERIA – Nigerian developer-tooling startup Frain Technologies has raised a US$473,000 pre-seed funding round to further invest in its existing product and build new ones. The funding round is led by Rally Cap Ventures, and also includes Musha Ventures, Future Africa, Eric Idiah, Tomiwa Lasebikan, Prosper Otemuyiwa, Odunayo Eweniyi, Timi Ajiboye, Opeyemi Awoyemi, and several other angels. The round will…

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Legaltech platform Hekouky raises pre-seed funding round by Nama Ventures

EGYPT – Hekouky, the Legaltech platform that incorporates companies and registers trademarks for entrepreneurs and business owners, has announced that it has raised an undisclosed amount in a pre-seed funding round by ​Nama Ventures. Nama Ventures is a Riyadh, Saudi Arabia-based pre-seed venture capital fund focused on backing startups innovation in the MENA region. Hekouky was founded by three co-founders…

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Electric vehicle startup BasiGo raises US$1m pre-seed funding, debuts in Kenya

KENYA – Electric vehicle startup BasiGo has announced the launch of its operations in Nairobi, Kenya bringing clean energy options to the country’s public transport industry, currently dominated by fossil-fuel buses. The startup plans to sell locally assembled electric buses using parts from China’s EV maker BYD Automotive as it announced it had raised US$1 million in pre-seed funding. BasiGo also disclosed…

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Fintech startup Fin-e Innovations raises US$300,000 to bridge funding gap of African energy SMEs

UGANDA – Fin-e Innovations, a fintech start-up based in Uganda, has closed pre-seed funding of US$300,000 from an undisclosed party in the United States. The company intends to address the glaring financing gap among local energy SMEs in Africa through an innovative platform connecting last-mile distributors (LMDs) directly with investors. This platform offers different advantages such as reducing investment risk,…

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Construction-tech startup ConDigital raises pre-seed funding round

EGYPT – ConDigital, an Ethiopian construction-tech startup, has raised an undisclosed amount in pre-seed funding round to help it cement its presence at home and expand into the wider East African region. The pre-seed funding round was piloted by an angel investor in the United States of America and included other angel investors from East Africa, Asia and Europe. “We…

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E-logistics startup Ridelink secures US$150,000 Pre-seed funding to scale up

UGANDA – E-logistics startup Ridelink, has raised US$150,000 in pre-seed funding in a round jointly led by an investment advisory firm Ortus Africa Capital, Omidyar Network, an impact investment firm, and African Leadership Academy’s Young Entrepreneurs Fund, Anzisha. The pre-seed funding which Ridelink has raised brings its total investment to US$250,000, having drawn private investments from Seedstars in 2020. The…

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Property management platform Seso Global raises US$600,000 pre-seed funding round

NIGERIA – Seso Global, a property management platform, has raised a US$600,000 pre-seed funding round in its bids to build on strong initial traction to challenge Salesforce in property managing in emerging markets. Investors in the round included Kepple Africa Ventures, Rising Tide Africa, and Moabi Group, as well as angel investors Albert Essien, Ibrahim Sanga, and Jamie Broderick. Founded…

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