BasiGo Raises $42M to Accelerate Public Transport Electrification Across Sub-Saharan Africa
BasiGo raised $24 million in Series A equity funding. The funding round was led by Africa50 and included co-investments from multiple firms.
Kenyan E-mobility Startup BasiGo Completes Series A Round of USD 42 M
BasiGo completes USD 42 million Series A funding round. Funding includes USD 24 million in equity and USD 17.5 million in debt facilities.
Kenyan agritech iProcure under administration over debt issues despite raising $17.2 million
iProcure, a Kenyan agritech company, has been placed under administration due to failure to pay creditors. KPMG's advisory arm has been appointed by the court to revive the startup.
Africa-focused funds find their feet amid a downturn
Partech Africa II and Africa People + Planet fund emerged as notable VC funds in Africa last year. African venture capital and private equity fund managers secured $2.4 billion across 43 deals in 2023.
Pan-African VC firm Novastar Ventures secures $80m capital from Japan’s SBI Holdings
Novastar Ventures has secured US$80 million in capital from Japan’s SBI Holdings. Novastar is one of the largest platforms dedicated to financing early and growth stage businesses in Africa.
