African Venture Investment Sees Major Deals Despite Overall Market Contraction
Moove Africa's $100 million mega-deal propelled Nigeria to the forefront of Africa's funding landscape. Significant funding rounds in Kenya and Egypt highlighted these countries as key hubs for venture capital activity.
Funding in Africa’s Venture Capital Ecosystem Plummets 57% Amid Global Uncertainty
Total funding in Africa reached just $393 million, a steep 57% decline compared to the same period in 2023. The funding decline is particularly noticeable in the reduction of larger deals beyond Series 'A'.
SunCulture Secures $12 Million Funding to Boost Solar-Powered Irrigation in Sub-Saharan Africa
SunCulture has raised $12 million to scale its solar irrigation solution across Sub-Saharan Africa. The company aims to equip hundreds of thousands of smallholder farmers with IoT-enabled solar-powered irrigation by 2030.
SunCulture’s $12 million funding
SunCulture raises $12 million in funding to expand solar irrigation solutions in Africa Sudan slowly restores internet services after a two-month shutdown
SunCulture Raises $27 Million in Series B Round From Investors Including Netflix Co-Founder
SunCulture has raised $27 million in a Series B funding round, with investors including Reed Hastings and Eric Schmidt. The company supplies small solar-powered water pumps to small-scale farmers, improving irrigation and boosting yields.
