39 Africa-focused tech startups announced raising $140.3 million in risk capital in July.
That includes equity & debt but excludes grant funding.
And while the vast majority of deals in the month were equity fundraises, four debt transactions accounted for 16% of the announced funding raised across the continent.
Here’s a look at all the deals announced across Africa’s tech ecosystem in July:
It’s hard to ignore the wave of digitization sweeping across Africa, and nearly every sector is involved.
Here are some examples:
- In healthcare, Kenya’s MyDawa, which announced raising $20 million in the month, is digitizing Africa’s pharmacy retail industry with its online pharmacy. And not only that, the startup now offers online consultations with health professionals too. And it plans on developing a platform that allows other healthcare businesses to use its technology infrastructure — from order fulfillment to telemedicine and more — for a fee.
- In the food and beverages sector, Ivory Coast’s Tajiri, which announced a $275,000 pre-seed round in the month, is bringing restaurant management operations online with its mobile app that allows operators of bars, restaurants, and ‘maquis‘ in the country to better manage their businesses.
- And in the mining sector, Kuchera, a Zimbabwean/German software provider which announced a fundraise in the month (but didn’t disclose the amount), is working with mining companies like Zimbabwean diamond producer Murowa Diamonds to improve productivity and efficiency. The company offers mining companies augmented intelligence and optimization software specifically developed for the sector.
And if you want to stay up to date about what’s happening in Africa Tech — from fundraises to important news & more — be sure to subscribe to the newsletter.