Startups in Africa raising funds in the week of 06 October 2024

South Africa and Nigeria attract millions this week! Find out which African startup fundraisers were not to be missed between 30 September and 06 October 2024. This week, Kenya takes first place again, with Dhamana Guarantee Company!

Reminder: this article is sponsored by our partner WINVESTY. Are you looking for a Professional Fundraiser for your start-up or SME? Find out more about its WINVESTY Fundraiser programme.

Dexude - EdTech - undisclosed amount of funds raised

• Amount raised : Undisclosed amount (TEMPO funding)
• Domain : EdTech
• Country of origin : Nigeria
• Description : Dexudea Nigerian EdTech platform, has received funding under the TEMPO from Business Finland. Dexude focuses on providing innovative educational solutions for students in Africa using digital tools.

Dhamana Guarantee Company - Finance - USD 10 million capital raising

• Amount raised : USD 10 million
• Domain : Finance / Investment guarantee
• Country of origin : Kenya
• Description : Dhamana Guarantee Companybased in Kenya, has received an investment of USD 10 million from the African Development Bank (AfDB). The company specialises in investment guarantees to support local businesses by reducing the risks associated with investments.

Littlefish - Fintech - undisclosed amount of funds raised

• Amount raised : Amount not disclosed (Seed)
• Domain : Fintech
• Country of origin : South Africa
• Description : Littlefisha South African fintech start-up, has closed a seed financing round led by TLcom Capital. The start-up focuses on providing inclusive financial services for small businesses and entrepreneurs in South Africa.

Scale - Fintech - USD 700,000 fund raising

• Amount raised : 700,000 USD (Pre-Seed)
• Domain : Fintech
• Country of origin : South Africa
• Description : Scaleanother South African fintech, has raised USD 700,000 in pre-seed funding. The aim of this round is to support the growth of digital financial services for SMEs in Africa.

AMAKA Studio - Content creation - USD 2 million raised

• Amount raised : USD 2 million (Seed)
• Domain : Media / Content creation
• Country of origin : Nigeria
• Description : AMAKA Studioa content creation start-up based in Nigeria, has raised USD 2 million in seed funding. The startup aims to provide a platform that gives greater visibility to African creators in the digital content industries.

These funds raised show a strong dynamism in the education, finance and content creation sectors in Africa.