5 Min.

African VC deals since 21 March 2021 African VC/ Startup News

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Hi and welcome to African VC/ Startup news, a weekly newsletter where I highlight transactions in the African startup ecosystem over the past week (or two). Apologies a public holiday and family emergency resulted in the delayed newsletter over the last 3 weeks.
In addition to sending the weekly newsletter, I maintain a database of deals, investors and portfolio companies in the African startup ecosystem, it is available: here
Insights: Since 21 March 2021, I noticed 28 deals come across my screen, 20 investments, 5 fundraises, 2 acquisitions and 1 exit. Of the 20 investments, South Africa had 8 deals while Nigeria and Egypt had 3 deals each. Fintech was once again the most active sector with 8 investments and 2 in Logistics/ Mobility (see below):

Since 21 March 2021, I noticed the following deals:
Investments (20 deals)
1: Tugende  | $3,6m | Partech; Enza Capital | Series A | Logistics, Mobility
Investee:
Tugende - based in Uganda, they use asset finance, technology, and a customer-centric model to help informal sector entrepreneurs increase their income. They started offering credit to motorcycle taxi owners in Uganda, helping them own instead of rent the motorcycle in 24 months or less.
Investor(s):
Partech - With a current portfolio of almost 180 companies spread across 30 countries in Europe, the US, Africa, and Asia, Partech has been one of the leading international investors helping visionary founders for almost 40 years. With over €1.5B under management, Partech invests from €200K to €50M in B2B and B2C technologies reshaping industries.
Enza Capital - a Kenya based, private investor in early-stage African tech companies solving large and meaningful problems. Enza’s first cheque sizes range from $50k to $1 million.
2: Impulse Biomedical | Undisclosed amount | Futuregrowth  | Seed | Healthtech
Investee:
Impulse Biomedical - an award-winning South African healthtech startup founded by biomedical engineers. They are developing the ZiBiPen which is a reusable adrenaline auto-injector (used in the treatment for Anaphylaxis) significantly reducing the wastage of expired adrenaline injectors, making it much more cost-effective.
Investor(s):
Futuregrowth - a fixed interest investment company that creates opportunities for investors and manages clients'​ assets of around R185 billion across the full range of interest bearing and developmental investments. 
3: Curacel | $450k | Atlantica Ventures; Consonance; Kepple Africa Ventures | Pre-Seed | Fintech, Insuretech
Investee:
Curacel - A Nigerian AI-powered platform that enables insurers to automate claims seamlessly and track fraud, waste and abuse (FWA).
Investor(s):
Atlantica Ventures - an Africa-Focused early-stage investor with offices in Kenya and Nigeria. They provide capital and growth support to early-stage companies and socially responsible startups in Sub-Saharan Africa from Seed through Series B.
Consonance - based in Mauritius and Nigeria, they are an early-stage and growth investment platform that helps entrepreneurs build companies across Sub-Saharan Africa.
Kepple Africa Ventures - a Tokyo, Kenya and Nigeria based early-stage VC fund focusing on Africa.
4: Pricepally | Undisclosed amount | Samurai Incubate; Launch Africa Ventures | Pre-Seed | Agritech, Marketplace
Investee:
Pricepally - a Nigeria based online store that allows customers to shop for items in bulk to earn discounts on food. They connect farmers, manufacturers and wholesalers directly the consumer in an innovative way for everyone to benefit.
Investor(s):
Samurai Incubate Africa - a Japanese investor that supports the growth of companies aiming to solve social problems and inefficiencies in Africa.
Launch Africa Ventures - a Pan-African fund solving the significant funding gap in the Seed to Series A investment landscape in Africa. Targeting B2B and B2B2C early-stage, technology driven startups with strong management teams. 
5: Tanda | Undisclosed amount

Hi and welcome to African VC/ Startup news, a weekly newsletter where I highlight transactions in the African startup ecosystem over the past week (or two). Apologies a public holiday and family emergency resulted in the delayed newsletter over the last 3 weeks.
In addition to sending the weekly newsletter, I maintain a database of deals, investors and portfolio companies in the African startup ecosystem, it is available: here
Insights: Since 21 March 2021, I noticed 28 deals come across my screen, 20 investments, 5 fundraises, 2 acquisitions and 1 exit. Of the 20 investments, South Africa had 8 deals while Nigeria and Egypt had 3 deals each. Fintech was once again the most active sector with 8 investments and 2 in Logistics/ Mobility (see below):

Since 21 March 2021, I noticed the following deals:
Investments (20 deals)
1: Tugende  | $3,6m | Partech; Enza Capital | Series A | Logistics, Mobility
Investee:
Tugende - based in Uganda, they use asset finance, technology, and a customer-centric model to help informal sector entrepreneurs increase their income. They started offering credit to motorcycle taxi owners in Uganda, helping them own instead of rent the motorcycle in 24 months or less.
Investor(s):
Partech - With a current portfolio of almost 180 companies spread across 30 countries in Europe, the US, Africa, and Asia, Partech has been one of the leading international investors helping visionary founders for almost 40 years. With over €1.5B under management, Partech invests from €200K to €50M in B2B and B2C technologies reshaping industries.
Enza Capital - a Kenya based, private investor in early-stage African tech companies solving large and meaningful problems. Enza’s first cheque sizes range from $50k to $1 million.
2: Impulse Biomedical | Undisclosed amount | Futuregrowth  | Seed | Healthtech
Investee:
Impulse Biomedical - an award-winning South African healthtech startup founded by biomedical engineers. They are developing the ZiBiPen which is a reusable adrenaline auto-injector (used in the treatment for Anaphylaxis) significantly reducing the wastage of expired adrenaline injectors, making it much more cost-effective.
Investor(s):
Futuregrowth - a fixed interest investment company that creates opportunities for investors and manages clients'​ assets of around R185 billion across the full range of interest bearing and developmental investments. 
3: Curacel | $450k | Atlantica Ventures; Consonance; Kepple Africa Ventures | Pre-Seed | Fintech, Insuretech
Investee:
Curacel - A Nigerian AI-powered platform that enables insurers to automate claims seamlessly and track fraud, waste and abuse (FWA).
Investor(s):
Atlantica Ventures - an Africa-Focused early-stage investor with offices in Kenya and Nigeria. They provide capital and growth support to early-stage companies and socially responsible startups in Sub-Saharan Africa from Seed through Series B.
Consonance - based in Mauritius and Nigeria, they are an early-stage and growth investment platform that helps entrepreneurs build companies across Sub-Saharan Africa.
Kepple Africa Ventures - a Tokyo, Kenya and Nigeria based early-stage VC fund focusing on Africa.
4: Pricepally | Undisclosed amount | Samurai Incubate; Launch Africa Ventures | Pre-Seed | Agritech, Marketplace
Investee:
Pricepally - a Nigeria based online store that allows customers to shop for items in bulk to earn discounts on food. They connect farmers, manufacturers and wholesalers directly the consumer in an innovative way for everyone to benefit.
Investor(s):
Samurai Incubate Africa - a Japanese investor that supports the growth of companies aiming to solve social problems and inefficiencies in Africa.
Launch Africa Ventures - a Pan-African fund solving the significant funding gap in the Seed to Series A investment landscape in Africa. Targeting B2B and B2B2C early-stage, technology driven startups with strong management teams. 
5: Tanda | Undisclosed amount

5 Min.