Nigerian Tech Firm Beacon Power Services Wins Major Backing to Fix Power Grid Woes
A Nigerian energy technology company is set to receive strong support that could help millions of Africans get more reliable electricity. The European Bank...
Nigerian Electric Mobility Firm, MAX Extends Funding to $29 Million, Backed by Nithio
Lagos-based electric mobility company MAX has extended its Series B3 funding round to $29 million after securing new financing from Nithio, a United States-based...
NeoFleet Capital Stakes $4 Million to Boost Taxi Operations in West Africa
A Cyprus-based company, NeoFleet Capital, has raised $4 million in pre-seed funding to help taxi and ride-hailing fleet operators in Senegal and Côte d'Ivoire...
Kenyan Fintech Cloud9 Secures $500,000 from US Crypto Accelerator Alliance to Boost Cross-Border Trade
Kenyan digital banking platform Cloud9 has secured a $500,000 equity investment from Alliance, a New York-based crypto accelerator and founder community. The funding is...
FINCA Ventures Backs Six African Startups with $400,000
FINCA Ventures has awarded $400,000 in catalytic funding to six early-stage technology companies across the continent. The announcement came at the 2026 FINCA Ventures...
Inside Cold Solutions Rwanda’s $18 Million Plan to Transform Food Storage in Kigali
Rwanda has taken a significant step toward solving one of its biggest agricultural challenges. Cold Solutions Rwanda has secured up to $18 million in...
Ororo Waste Management Gets $1 Million Boost to Expand Used Cooking Oil Collection Across Nigeria
A women-led investment network, Rising Tide Africa, has committed up to $1 million to Ororo Waste Management Limited, a Lagos-based company that collects used...
Biochar Industrial Group (BIG) Raises $1.5 Million to Scale Up Carbon Removal
Biochar Industrial Group (BIG) has raised $1.5 million in pre-seed funding to expand its innovative carbon-removal operations across the continent. This funding round, announced...
Terra Industries Backs Nigerian Startup Aeon with $1m in Pre-seed Funding
Nigeria's defence-tech giant, Terra Industries has led a $1 million pre-seed investment into Aeon, a Nigerian cybersecurity startup with a bold vision. The funding...
Complete Farmer Gets $2.4 Million Funding to Boost Thousands of Farmers in Africa
The International Finance Corporation, working with a new global financing initiative called the Business Investment Financing Track (BIFT), announced it had provided a $2.4...
Nigeria’s Education Ministry Rolls Out ₦50 Million Equity-Free Grant to Student Innovators
The Federal Government of Nigeria has officially opened applications for the second cohort of the Student Venture Capital Grant (S‑VCG). This programme offers up...
U.S. Startup Odyssey Energy Solutions Raises $74 Million to Boost Clean Energy Across Nigeria and Beyond
In a major development for Africa’s energy sector, an American startup with significant operations in Nigeria’s clean energy space has raised a total of...
Chipmango Secures $1.9 Million to Unlock Opportunities for Africans in Semiconductor Production
ChipMango, a semiconductor technology company that designs chips and trains engineers, has raised $1.9 million in seed funding. This investment will help the company...
Nomba, Synafare Target 300 Nigerian Startups With $1.4 million Solar Financing
In a move that promises to reshape how small businesses in Nigeria access energy, two innovative companies have joined forces to provide a significant...
Nigeria’s Standout Defense-tech Terra Industries Raises Historic $52M and Expands to London
African technology has reached a milestone that was previously unimaginable just a few years ago. Terra Industries, a Nigerian defence-technology startup founded in 2024...
Investors Bet $22 Million on Moment, a Pan-African Fintech, in a Series A Round
The African technology sector has received a massive vote of confidence as the pan-African payments platform Moment secured $22 million in a successful Series...
Nigeria’s Biggest Corporate Ventures That Are Strategically Funding Agritech Startups
Agriculture remains the backbone of the Nigerian economy. It employs over 23% of the country's workforce and contributes significantly to the national Gross Domestic...
The Role Of Diaspora Funding In Nigeria’s Startup Ecosystem
Billions of dollars flow into Nigeria from its citizens living abroad annually. In fact, Nigerians in the diaspora send home about $20 billion annually,...
Nigeria’s Newest Unicorn Moove, Shows How First-Time Founders Are Building Billion-Dollar Companies
A privately held startup company valued at one billion dollars or more is known as a unicorn. The name comes from the idea that...
Novastar Ventures and Google Team Up to Boost Africa’s Next Generation of AI Startups
A Nairobi-based venture capital firm, Novastar Ventures has launched a new initiative specifically designed for African startups that use artificial intelligence. Known as the...
