One of Africa's most active venture capital funds, based in Senegal, supporting startups across the continent.
African startups raised $1.2 billion in H1 2025 as funding rebounds
African startups raised $1.213 billion across 88 publicly disclosed deals in H1 2025, an 86% increase from H1 2024. Fintech regained dominance, raising $500.2 million, while cleantech raised $218.5 million in the same period.
Carrot Credit raises $4.2 million seed to scale crypto- and stock-backed lending in Africa
Carrot Credit raised $4.2 million in seed funding led by MaC Venture Capital. The fintech allows users to borrow against digital assets like stocks and cryptocurrencies as collateral.
Egypt’s Nawy, the largest proptech in Africa, raises $52M to take on MENA
Nawy raised $52 million in Series A funding, validating its business model. The company has grown its revenue streams more than 50x in dollar terms over the last four years.
Vendease restructures employee salaries, seeks fresh funding
Vendease laid off 44% of its workforce, approximately 120 employees, in January. The company has shifted to a performance-based salary system with an Equity Share Option Plan (ESOP).
YC-backed food supply startup Vendease restructures employees’ salaries
Vendease laid off 44% of its workforce, approximately 120 employees, marking its second round of job cuts in five months. The startup has replaced traditional salaries with a performance-based pay system and an Equity Share Option Plan (ESOP).
