Startup
Tech

Klas – Nigerian EdTech Secures $1M Funding for Global Expansion in Online Education

Nigerian edtech startup Klas has successfully secured $1 million in pre-seed funding in a round led by Ingressive Capital, with contributions from Techstars, HoaQ Capital, and various angel investors. Founded in 2022 by Nathan Nwachuku and Lekan Adejumo, Klas provides a platform that facilitates the creation and sale of ebooks, courses, and live classes. The […]

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Tech

InspiraFarms Cooling Secures Million-Dollar Investment for Sustainable Cold Chain Solutions

InspiraFarms Cooling, the Kenyan pioneer in cooling solutions, has just secured a substantial $1.09 million (€1 million) investment to bolster its off-grid energy cold storage projects throughout Africa. Among the key backers are the Foundation for Clean Energy and Energy Inclusion for Africa (CEI Africa), KawiSafi, and Factor[e].  This deal follows closely on the heels […]

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Business

Not Another Shutdown: Zazuu, Dash, and the Ominous Echo of African Tech’s Dismal 2023

The year 2023 has become, to players and investors in the African tech scene, an unexpected chapter marked by the unraveling of once-promising startups. The echoes of a vibrant 2021 and 2022, where the African tech ecosystem thrived, have now given way to a sobering reality of closures, financial struggles, and dashed aspirations. The Rise […]

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Startups

Food procurement company Vendease raises $30 million in seed funding

Nigerian food procurement platform Vendease has raised $30 million in its Series A funding round which it aims to use in deepening operations and launching better services. Vendease, which was founded in January 2020, entered the market with the purpose of creating a platform that connected farms and food suppliers to restaurants and food businesses, […]

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Startups

Three steps to scaling a start-up

Growing a start-up can be tiring as you have to go through the stress of learning and understanding the business world, the challenges that come with it, and possible ways to scale through. Most of those processes are termed difficult and uneasy to handle, however, with a few steps you can easily scale your start-up […]

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