Flat6Labs’ Post

Co-investing with Dakar Network Angels (DNA) through Catalytic Africa in Niokobok backs up the already-existing economic reforms, a favourable geographic position, and strong institutions with growing opportunities for #investment in Senegal. It also signifies a strong commitment towards improving the startup ecosystem in the continent, thus promoting innovation and sustainable economic growth. Read more about this #startup's success story here: https://bit.ly/3Sx42la

AAIC’s Africa-focussed fund reaches $87 million Africa Asia Investment and Consulting (AAIC) has announced fresh investment into its Africa Healthcare Fund 2 (AHF2), bringing the total for its two health-focussed funds to $87 million USD. Backers include the Development Bank of Japan (DBJ), QR Investment, and TOPPAN Holdings. AAIC was founded in 2013, and launched the first Africa-focussed fund in 2017 with the aim of supporting growth-stage technology companies in the healthcare sector. To date, their portfolio includes Kenya’s MyDawa, and Nigeria’s Helium Health. Another look at the top disclosed deals out of Tunisia in 2023. This year, North African tech startups have attracted $397 million USD in funding, over 40 rounds. Majority of this (97%), going to Egyptian technology companies. Source: #DisruptAfrica

We're excited to announce our new partnership with Ennovate Ventures to support the growth of Tanzania-based tech startups during the 4th stop of 'Flat6Labs Africa Roadshow' 🇹🇿🚀 The bootcamp will take place on June 21-22, 2024 and will have a special focus on "Investment Readiness" with a series of insightful and engaging workshops and sessions to prepare the startups on how they can attract investment opportunities, equip them with the needed skills to seize investments and more. Limited spots available - sign up today: https://hubs.li/Q02wFq_V0 The Africa Seed Fund is being established by Flat6Labs, with support of the GIZ Agricultural Innovation Project (AIP) and GIZ Scaling Digital Agriculture Innovations through Start-ups (SAIS). Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH See you in Tanzania 👋🏼 #Flat6Labs #Africa #EnnovateVentures #Tanzania #AfricaSeedFund #Flat6LabsAfricaRoadshow #AfricanTech #GIZ #AcceleratingAfrica

Attention all entrepreneurs in or around Port Harcourt! Don't miss the Investors' Meetup tomorrow evening! Reach out to SSE Angel Network for an invite. If you're attending #StartupSouth8, get more details via #StartupSouth Let's connect and grow our networks! #entrepreneurship #networking

On this week's numbers of the week, we shine the light on these top investors and startups in GreenTech in Africa: AfricaGoGreen Fund, Equator Energy and Nithio. With significant funding rounds and commitments to support climate resilience and sustainability, these investors are making a real impact in the region. Stay tuned for more updates on the latest investments and initiatives. Info source: ClimateHack Weekly #StartupCapsAfrica #GreenTechAfrica #InvestorsToWatch #SustainableFuture

Despite a slower start in 2024, African startups continue to showcase resilience and innovation. According to data from Africa: The Big Deal, January witnessed $83 million raised across 31 disclosed deals—a notable drop from the previous year's $545.1 million. However, diving deeper into the numbers reveals an 84.8% YoY decline. Key Insights: - Agritech, Cleantech, and Healthtech lead in funding, with $26.3M, $18.1M, and $13.5M respectively. - Logistics startups from North Africa, particularly Egypt, are gaining traction. - Regional breakdown: North Africa leads with $25.1M, followed by East Africa and West Africa. - Funding Winter: Investors prioritize startups with proven track records. Top 5 Disclosed Deals: 1️⃣ Nigeria-based cleantech Nithio: $10M raise. 2️⃣ Kenyan agritech Apollo Agriculture: $10M raise from Swedfund and ImpactConnect. 3️⃣ Egyptian healthtech Yodawy: $10M raise. 4️⃣ AgDevCo and IDh Farm Fit: $9.5M investment in agritech Hatch Africa. 5️⃣ Kenya-based cleantech SunKing: $7M unsecured loan from Lendable. Despite challenges, the African tech ecosystem remains vibrant, with promising sectors and noteworthy achievements. #AfricanTech #Innovation #InvestmentOpportunities #TechEcosystem #Africa

#InnovateAfrica: Daada Inc. Seeks Young Visionaries Calling all young African innovators! Daada Inc, is developing its revolutionary decentralized exchange platform (AZIX), and we are on a mission to ignite Africa's entrepreneurial spirit. We believe Africa's potential for innovation is boundless, and we're here to be your launchpad for success. Building a Brighter Future: While constructing the largest, most user-friendly, and secure decentralized exchange, we're also fostering a thriving ecosystem of African-led projects. This is your chance to be a part of it! The Challenge: We seek groundbreaking ventures that address Africa's specific needs and propel the continent towards economic independence. Here's how you can make a difference: Resource Independence: Challenge #1: Water Security: Develop innovative solutions to find and extract water in arid regions. Challenge #2: Sustainable Energy: Explore new forms of clean energy for vehicles and other applications. Manufacturing Powerhouse: Challenge #3: Consumer Electronics: Compete in the gadgets, electronics, toys, and appliance markets. Challenge #4: Advanced Manufacturing: Spearhead the development of a sophisticated and efficient GPU chip manufacturing industry in Africa. Challenge #5: Next-Gen Transportation: Manufacture car parts, electric vehicles, and even explore futuristic transportation concepts. Food Security and Agriculture: Challenge #6: Drought-Resistant Crops: Develop new farming methods and crops that thrive in dry and harsh conditions. Beyond the Challenge: Your Success is Our Mission Daada Inc. empowers you beyond just a platform: Funding: Gain access to global capital for your project through our secure decentralized exchange. Borderless Collaboration: Connect with international investors and collaborators to bring your vision to life. Transparency & Trust: Our KYC (Know Your Customer) protocols ensure safe and transparent transactions. Join the Movement! Are you a young innovator with a game-changing idea? Do you dream of a self-sufficient Africa? This is your opportunity to make it a reality! Submit your proposal to Daada Inc. Let's build a brighter future for Africa, together. #InnovateAfrica #DaadaInc #AfricaRising

"Our vision is to position ourselves as a player in early-stage financing for African entrepreneurs and the diaspora." Since its establishment, 216 Capital Ventures has emerged as a significant player in early-stage financing across #Africa. With a €10 million fund, we've invested in fifteen #startups across sectors like digital health and renewable energy. Beyond financial gains, our aim is to catalyze a dynamic tech ecosystem in Africa by fostering collaboration and #innovation. As stated by the team, "After co-investing with Moroccan and Senegalese funds, we plan to expand partnerships to include Algerian and other funds in the future." Read the interview in AFRICA NEWS AGENCY of our founding partner Dhekra KHELIFI where she shares her purpose "My Mission is Africa" https://lnkd.in/dqAJ-j8a #Funding #Tech

Did you know that Africa’s tech #startup ecosystem is one of the fastest-growing in the world? Angel investors have played a crucial role in this growth, with a notable increase in #investments year after year. What trends do you foresee in the African #angelinvesting landscape over the next five years? Your perspective is essential to us. By taking part in the ABAN 2024 Angel Investment Survey, you can share your thoughts and help guide the future direction of angel investing on the continent: https://bit.ly/3VYDQQX Dutch Good Growth Fund (DGGF) Briter African Angel Academy ABAN Smart cities Angel Network Digital Trade Angel Network Clean Technology Angel Network Climate Smart Agriculture Angel Network #AngelInvesting #InvestmentImpact #ABAN2024Survey

This week Healthy Seaweed Co. Limited is attending #blueinvest Africa happening in Kenya 🇰🇪; we are delighted to be amongst “blue” startups selected to pitch our blue solutions 🌊🌍 BlueInvest Africa is an event, initiated by the European Commission taking place in on 3-4 July in Kenya. The conference aims to facilitate meetings between African entrepreneurs seeking financing and international investors scouting for opportunities, all centred around projects capable of propelling Africa’s blue economy forward. The focus for 2024 is to spotlight transformative projects within maritime and coastal sectors and interior waters, emphasising sustainable innovation, job creation, and marine ecosystem preservation. Also provide a platform for African-based companies and global investors to forge strategic alliances, exchange knowledge, and propel the blue economy to unprecedented heights. BlueInvest Africa 2024. BlueInvest Africa 2024 offers a comprehensive platform for learning, collaboration, and growth, making it an invaluable event for anyone interested in the sustainable blue economy. If around, Kindly say hello 👋💙 #Europeannations #blueinvestafrica2024 #bluesolutions🌊🇰🇪🇹🇿🇪🇺