Tag: Seed round

E-health startup CribMD raises US$2.6m seed round for its expansion plan

Frank

NIGERIA – CribMD, an e-health startup which describes itself as “Uber for doctors”, has raised a US$2.6 million seed round from US accelerator Sputnik ATX and The Guardian Nigerian, as it looks to expand upon its initial traction. Launched in June 2020, CribMD connects users with doctors for house calls and telemedicine services via its on-demand platform, allowing them to schedule appointments from the comfort and safety of their home, on their own schedule. “We’re revolutionising each and every step of the care process, from affordability, patient-provider matching, to billing,…

Read More

Fintech startup BFREE raises seed round to scale up their product and development team

Frank

NIGERIA – BFREE, a Lagos-based fintech that focuses on improving consumers’ financial health through its tech-enabled credit management solution, has raised an undisclosed amount of seed round. Beta Ventures, based in Nigeria, led the seed round, which also included Launch Africa Ventures and GreenHouse Capital. “We are really excited to have incredibly supportive investors. We are now using this support to scale our product and development team and to pilot the Kenyan market,” Chukwudiebele Enyi, COO of BFREE, said. BFREE’s platform uses a mix of self-servicing solutions, contact automation, and…

Read More

Edtech start-up Kidato raises US$1.4m seed for online learning

Frank

KENYA – Kidato, an online class for K-12 students in Africa, has announced that it has closed its US$1.4 million seed investment. This seed round has been backed by Y Combinator, a significant backer of most of the continent’s well-known start-ups Investors who were in this funding round include such firms as Launch Africa Ventures Fund, Graph Ventures, Learn Start Capital, and Century Oak Capital, among other angel investors. The idea behind Kidato is the brainchild of Kenyan entrepreneur Sam Gichuru, who set it up in 2020. The Y Combinator-backed start-up says…

Read More

Fintech startup Okra raises US$3.5m seed round to expand its data infrastructure across Nigeria

Frank

NIGERIA – Okra, a Lagos based fintech startup, has secured a US$3.5 million seed raise led by US-based Susa Ventures, with participation from existing investors TLcom Capital, and newly joined Accenture Ventures. This comes just under a year from closing its US$1 million pre-Seed round with only TLcom Capital participating in the round. This brings Okra’s total funding at seed to US$4.5 million. The capital will be deployed to expand Okra’s data infrastructure across Nigeria. Founded by Fara Ashiru Jituboh and David Petersidein January 2020, Okra’s Open Finance platform is…

Read More

Tech startup Sakneen raises US$1m seed round led by Algebra Ventures

Frank

EGYPT – Sakneen, a Cairo-based property tech startup, has announced that it has raised US$1.1 million in a seed round led by Algebra Ventures with a major participation from Sarwa Capital and Foundation Ventures. The round also included US-based real estate private equity firm Hem + Spire, Saudi-based investment firm Nakhla VC, and angels from Google, BlackRock, and McKinsey. Founded in late 2019 by Ramy Khorshed and Hussein El Kheshen, Sakneen makes buying and selling homes easier through its property portal. The users looking to buy a home can use…

Read More

Medsaf raises US$3.5m seed round to move into big data space and geographic expansion

Frank

NIGERIA – Medsaf, an enterprise pharmaceutical supply chain solution, has raised US$3.5 million seed round as it continues to move into the lucrative big data space. The startup is in the process of packing more than 89 million data points on the movement of medications in Nigeria for sale to pharmaceutical companies and has made two data sales to date. Founded in 2017 by Vivian Nwakah, Medsaf connects suppliers to hospitals and pharmacies directly in order to make the pharmaceutical supply chain more efficient. “The lack of proper supply chain…

Read More

Digital media company Wee Media raises US$400K in seed round to strengthen their technology

Frank

AFRICA – Wee Media, a multi-brand & multi-channel media company in Africa with offices in Kenya, South Africa and Nigeria, has raised US$400,000 in a seed round. Japan’s Samurai Incubate, Hong Kong-based Grenfell Holdings, and a pair of US-based investors; Knarrs Ventures and Jim Waltrip, participated in the seed round. Wee Media is the publisher of fast-rising African publications and the creator of several digital products churning out top quality content revolving around tech, businesses, startups, gadgets, and the African economy in general. “With support from our diverse group of…

Read More