The Vumela Fund, established by FNB Business and Edge Growth, have invested in Kombo King, a South African kitchen equipment supplier focusing on the fried food niche market.
Newfund and ResiliAnce have led a Seed investment round of $1.2m in OKO, an Insurtech start-up that provides inclusive agricultural insurance to secure farmers’ income across Africa.
Partech Africa, a member of the Partech Group, a global technology venture capital fund, and Enza Capital have invested in the $3.6m extension round in Tugende, a technology enabled MSME lender in East Africa.
South African venture capital firm Kalon Venture Partners has announced a follow-on investment a cyber-security email protection and compliance business, Sendmarc.
HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors have invested an undisclosed amount in Kenyan agency banking startup Tanda.
Mastercard, a global technology company in the payments industry, has agreed to invest $100m in Airtel Mobile Commerce BV, a wholly owned subsidiary of Airtel Africa.
The Energy Entrepreneurs Growth Fund (EEGF), managed by Triple Jump, and the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF), managed by LHGP Asset Management, have invested €4m in Baobab+.
EXEO Capital has announced an investment in the Maia Group through its Food and Agribusiness fund, Agri-Vie Fund II, a private equity investment fund focused on food and agribusiness in Sub-Sahara Africa.
Amethis has announced a majority investment via its Amethis MENA Fund II in Magriser, a leading player in micro-irrigation systems in Morocco.
Valar Ventures, a US-based venture capital fund, has led a $25m Series A funding round into Nigerian digital banking startup Kuda, with Target Global and other unnamed investors participating.
The Rise Fund, the global impact investing platform of alternative investment firm TPG, has agreed to invest $200m in Airtel Mobile Commerce (AMC), a wholly owned subsidiary of Airtel Africa, at $2.65bn valuation.
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), has agreed to provide €29m in financing to Urbasolar, the developer of a 30MW solar plant in Burkina Faso.
Avenir Growth Capital and Tiger Global Management have led a $170m Series C for Flutterwave, a digital payments platform for African businesses.
The Catalyst Fund Inclusive Digital Commerce accelerator, managed by BFA Global, in partnership with the Mastercard Foundation COVID-19 Recovery and Resilience Program and the Meltwater Entrepreneurial School of Technology (MEST), have jointly invested in Boost Ghana and KudiGo.
