Browsing: Funding

Unlike traditional venture capital firms that set their sights on purely tech-driven enterprise, Sabou focuses on businesses that only use technology as a tool for enhancing operations.

NjiaPay is a relatively young startup. It was founded in 2024 as a brainchild of Jonatan Allback, who has spent 15 years in the payments sector, including over eight years at the Dutch payment giant Adyen, and Roderick Simons, Chief Product and Technology Officer.

CrossBoundary Energy will channel the funds into an intense expansion of its portfolio of commercial and industrial (C&I) renewable energy projects, which includes solar, wind, hybrid systems and battery storage.

Over the past year, ORA Technologies has steadily become an object of interest to investors, winning their backing. In its early stages, the company secured $1 million in a pre-seed round, followed by a $1.5 million seed round backed by Moroccan entrepreneurs.

Badili sources for used devices from developed markets, takes them through a thorough refurbishment process, then offers them for sale in Kenya at reduced prices.

Coming off the back of this success, LoftyInc launched a second funding round in 2021, with $10 million set as a target. However, it was able to raise $14.2 million, with which it broadened its geographical scope beyond Nigerian borders, spreading to South Africa, Francophone Africa, and Egypt.

Widebot guarantees that its model, dubbed “AQL LLM,” will be tailored to understand Saudi identity and culture, complying with local AI regulations and systems.

Since its seed funding round in 2023, Khula’s valuation has reportedly increased tenfold, reflecting investor optimism in its growth trajectory.

As it comes off the heels of an initial €2 million investment in 2023, this second tranche of funding will enable Fibertime to spread its tentacles beyond the wealthy suburbs normally served by fibre providers.

Kholo Capital will turn its searchlights on investments of about $3.8 million to $10.9 million in SMEs that have demonstrated a minimum EBITDA of R25 million ($1.4 million USD).