Senegal’s Maad Secures $3.2 Million in Seed Funding Despite Africa’s Volatile B2B E-commerce Landscape
Maad, a B2B e-commerce startup from Senegal, has secured $3.2 million in seed funding. The funding will drive Maad's growth efforts in Senegal and facilitate exploration in West Africa.
Wave is Africa’s only startup on Y-Combinator’s list of top earners
Wave is the only African company listed on Y-Combinator's top 50 earning startups in 2024. Wave launched its mobile money product in Senegal in 2018, reducing transaction prices by up to 70% and offering free deposits and withdrawals.
Partech, its $300 million fund, backing bold founders, and being intentional about exits
Partech has closed its over $300 million Africa-focused fund, Partech II, making it the largest fund on the continent. Partech Africa II has already made three investments in South African payment startup Revio, an undisclosed e-commerce platform in Senegal, and an undisclosed real estate startup in
P1 Ventures Secures $35 Million in Latest Funding Round Completion
P1 Ventures completes the second round of funding for its USD 35 million fund. The company will expand its operations to Dakar, Senegal, and Nairobi, Kenya.
Senegalese logistics marketplace Logidoo raises $1.5 million in funding.
Logidoo has secured a substantial funding of US$1.5 million to bolster its strategic growth initiatives. Founders Factory Africa, Sunny Side Venture Partners, 216 Capital, Maroc Numeric Fund II, Gullit VC, and Kalys Ventures were key participants in the funding round.
