Digital bookkeeping startup Pastel closes US$5 million seed round led TLcom

NIGERIA – Pastel, a startup that helps merchants with their bookkeeping and sales tracking systems, among other things, has secured a US$5.5 million seed round headed by pan-African venture capital firm TLcom Capital. Other venture capital firms involved in the seed round included Global Founders Capital (GFC), Golden Palm Investments, DFS Labs, Ulu Ventures, Plug and Play, and Soma Cap.…

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Energy technology firm Beacon Power Services closes US$2m seed round

AFRICA – Beacon Power Services (BPS), an energy technology firm that delivers data and grid management solutions to assist Africa’s power sector distribute electricity more efficiently, has announced the closing of a US$2.7 million seed round. Seedstars Africa Ventures led the company’s seed round, which included Persistent Energy, Kepple Africa Ventures, Factor[e], and Oridun Capital Management. The new money will…

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Ecommerce platform Convertedin launches US$3m seed round to expand geographically

EGYPT – Convertedin, an Egyptian e-commerce marketing operating system, has launched a US$3 million seed round from worldwide and regional investors to establish operations in Brazil as well as grow its footprint in Egypt and Saudi Arabia. Merak Capital, based in Saudi Arabia, led this round, which also included 500 Global and MSAS. Convertedin will open its first office in…

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Tourism tech startup Tripesa secures pre-seed round for its continental expansion 

UGANDA – Tourism-tech startup, Tripesa has raised a pre-seed round of funding as it seeks product-market fit ahead of continental expansion.  The startup has been mostly bootstrapped, though Eric Osiakwan, an angel investor. In June, the startup secured an undisclosed amount of pre-seed funding from Future Africa, Consonance Investment Managers and LTNT Investments.   Founded by David Gonahasa alongside Thomas Karugaba…

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Mobile game app Skrmiish raises US$2.5m seed round to expand globally

SOUTH AFRICA – Skrmiish, a Cape Town-based mobile “play-to-earn” app, has raised a US$2.5 million seed round to speed its global growth. The seed funding will enable Skrmiish to accelerate scalability by integrating additional game titles, grow monthly revenue, launch in North and Latin America, and issue its Skrmiish token. It will also look to bring on a few experienced…

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South African startup, Qwili raises US$1.2M seed round to improve its operations

SOUTH AFRICA – Qwili, a startup that offers a hybrid sales platform to micro and small merchants in South Africa, has raised US$1.2 million in seed funding, a year after concluding an undisclosed pre-seed round. The round, which included participation from companies including Strat-Tech, Next Chymia, Untapped Global, Codec Ventures, and angel investors like Ashwin Ravichandran and Kanyi Maqubela, was…

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E-commerce marketplace The Fashion Kingdom closes US$2.6m seed round

EGYPT – The Fashion Kingdom (TFK), Egypt’s first curated e-commerce marketplace for fashion, beauty, and home products with a 360-degree value proposition for companies, has announced the successful conclusion of a US$2.6 million Seed fundraising round. The first corporate venture capital firm in Egypt, CVentures, and the top early-stage venture capital firm in MENA, A15, jointly led the Seed funding…

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