DealMakers AFRICA
In Kenya, online retail distribution specialist, Kyosk has acquired KwikBasket for an undisclosed sum. The digital platform raised an undisclosed amount of funding from Japan’s Mitsui & Co earlier this year.
Verod-Kepple Africa Ventures has invested US$1,5 million in Morocco’s Chari. The B2B e-commerce startup for FMCG products, will use the funding to support its growth plans.
Fintech startup Masroofi has raised $1,5 million from undisclosed investors. Founded in 2022, the Egyptian startup provides electronic payment services for children, including a bank card system.
Morocco’s first online real estate estimation platform, Agenz.ma has raised MAD13 million (US$1,3 million) in a pre-Series A financing round. Investors in the round included among others, Azur Innovation Fund, Maroc Numeric Fund II and Beenok.
Nuru, a DRC renewable energy-powered metrogrid company, has closed a US$40 million Series B equity funding round to enable it to start construction on 13,7 MWp of projects. Investors included the IFC, the Global Energy Alliance for People and Planet, the Renewable Energy Performance Platform, Proparco, E3 Capital, Voltalia, the Schmidt Family Foundation, GAIA Impact Fund and the Jospeh Family Foundation.
TLG Capital has led a US$4,58 million funding round into Nigeria’s invoice financing startup, Zuvy Technologies. The funding was split between $4 million in debt in $580,000 in equity.
Kenya’s Revivo raised US$635,000 to expand operations from Raba Partnership, Village Global, Musha Ventures, Satgana and strategic business angels. Founded in 2022, Revivo provides a B2B marketplace for electronic repairs.
This week marked the signing of subscription agreements and letters of intent by African and global institutional investors in preparation for the first close of the Africa50 Infrastructure Acceleration Fund, a 23-year close ended private equity fund. The fund has been set up to catalyse further investment flows in the development of critical infrastructure across the continent.
DealMakers AFRICA is the Continent’s M&A publication.
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