Google, Speedinvest back Kenya’s Leta, which uses AI to make logistics cheaper
African businesses pay up to four times the global average for logistics, with logistics costs comprising 75% of product costs. Leta, a Nairobi-based logistics SaaS provider, has raised $5 million in seed funding to scale its AI-powered platform.
VC Firm Equator Raises $55M To Back African Climate Tech
Equator has raised $55 million for its first fund to support early-stage climate tech startups in Africa. The funding environment for African climate tech ventures is tightening due to shrinking aid budgets and reduced capital from development finance institutions.
Equator secures $55M to fund Africa’s early-stage climate tech startups
Equator closes a $55 million fund to support early-stage climate tech startups in Africa. Investments will target sectors like energy, agriculture, and mobility to promote sustainable development.
