Major deals by African startups and new VC funds created for 2017

Major deals by African startups and new VC funds  created for 2017

These are the main deals in 2016 for African startups which raised good amount of cash. Also, some VCs also raised capital to fund local entrepreneurs.

  • IFC puts $2 million in equity financing to Flat6Labs Cairo
  • Singularity Investments invested an undisclosed sum into Sliide Airtime
  • SA marketing platform delvv.io raises over $450K.
  • Andela Series B $24M round led by Chan Zuckerberg Initiative
  • Paystack picked US$1.3 million in a seed funding round
  • Standard Bank acquired major stake in Firepay, which runs SA largest mobile payment SnapScan
  • iROKO collected another $19 million to bring total to $40 million.
  • Ringier bought DealDey for an undisclosed amount
  • BitPesa got nvestment from BitFury Group,
  • Orange made a EUR75M equity investment in Africa Internet Group..AXA followed for 8% in AIG
  • Amadeus and MTN invested $40m in Travelstart in partnership
  • VC Capital Eye raised $100 million
  • VC Village Capital  raised $17.7 million
  • VC,Caban Investments raised $42.6 million

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