African fintech company Flutterwave announced that it has raised $170 million in Series C funding, valuing the company at over $1 billion. The round was led by growth-equity firms Avenir Growth Capital and Tiger Global. New and existing investors who participated include DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, […]
Tope Awotona’s cloud scheduling platform Calendly, has raised $350 million from OpenView Venture Partners and Iconiq capital, making the Atlanta-based company valued at over $3 billion. The high valuation is due to the explosive growth Calendly experienced last year. In 2019, Calendly had less than a million users; now, it currently has about 10 million […]
A year after it raised a seed round of $3.1m, Nigerian Edtech platform uLesson founded by former Konga’s CEO Sim Shagaya, announced today that it has closed a $7.5m Series A round. uLesson, which was founded in 2019, is working on bridging the educational gaps for K-7 to K-12 students across Africa by delivering affordable, […]
Earlier this week, Kuda Bank announced that it has raised $10m in a seed round. It was touted to be the largest African Fintech seed round by Target Global its lead investor. Well, that’s if you don’t count Palm pay, which raised a $40m seed round around this same time last year. With that out […]
Venture funding in the first quarter of the year was not terrible for African startups. Considering the ravaging impact of the coronavirus on the world, it would have been sensible to expect a bad outing for the continent’s tech economy. But performance between January and March 2020 mirrors what we had in the first quarter […]
Jiji, the Nigeria-based classifieds listing company, has raised $21 million Series C funding from six investors. The round was led by Knuru Capital, an Abu Dhabi-based venture capital fund that focuses on late-stage companies. Founded in 2014 by Ukrainians Anton Wolyansky and Vladimir Mnogoletniy, Jiji is one of the biggest classifieds listing company in Africa. […]
