Tag Archives: seed funding
seed funding: Latest News
Staff, 8:09 am
Last week was a big week for Ugandan fintech startup Numida, as it was declared winner of the Kampala leg of Seedstars World, securing its place at the global final in Switzerland next year where it stands the chance of securing $500,000 in funding. The startup already secured $140,000 in funding from angel investors, and is in the process of raising a $500,000 seed round. The startup has seen 15 percent week-on-week growth since March, and has disbursed 160 small business loans to 105 clients.
Peter Pedroncelli, 8:09 am
Ghanaian new media startup OMG Digital has raised $1.1 million in seed funding that will be used to help fulfill their growing reputation as the ‘BuzzFeed of Africa’. OMG Voice, the primary website run by the group, currently operates with versions in Ghana, Nigeria, and Kenya, and the new investment will go towards expanding the footprint of the brand to additional African territories. Known as the ‘BuzzFeed of Africa’ due to the company’s focus on creating content for millennials, the tech startup creates and curates listicles, pictorials, videos and memes with an African audience in mind.
Peter Pedroncelli, 4:30 am
Seven South African biotech, health, agro-processing, and manufacturing projects have received a funding boost from the Cape Craft and Design Institute (CCDI) through their Design Innovation Seed Fund (DISF) initiative. The grants, which form part of the Cape Craft and Design Institute’s second round of seed funding, will allow for the innovative projects to be developed for use in a variety of sectors that will benefit from the ideas in development.
Staff, 3:58 am
Travelbeta, the Lagos-based travel-booking startup just closed a $2 million seed fund. The funding will go into negotiating partnerships with travel agencies and other partners across the world that will help it provide more travel options to Nigerians, says the startup’s co-founder and former Konga exec, Onyekah Akumah. The seed round came from Altheus, a local investment firm and other local investors that chose to remain unnamed in the announcements.
Kevin Mwanza, 10:04 am
Nigeria is set to roll out its first seed funding for local software development, the country’s Minister of Communication Technology, Omobola Johnson has revealed. The $9 million seed capital will be Nigeria’s first investment in a number of Nigerian and African tech startups, Omobola said at the kickoff of the DEMO Africa event in Lagos on Thursday.
Kevin Mwanza, 5:12 am
Being an entrepreneur is hard enough, but being an entrepreneur in Africa trying to find funding for your project is even much harder. Despite huge opportunities with returns easily beating those in developing world, finding someone willing to inject capital into an African start-up is the biggest reason for many would be entrepreneurs failing in their ventures.
- Real Estate