Industry: Venture Capital
Sentiment: Positive
Total Articles: 2
Last Article: 2025-05-09 06:59:47+00:00
African startups raised $343 million in April 2025, marking a significant recovery and the second-highest April performance on record. This represents a 4.5x increase compared to April 2024, with major deals including hearX's $100 million merger and Bokra's $59 million sukuk issuance.
Stitch, an embedded payments platform, has secured $50 million in Series B funding. The round was led by Glynn Capital, Flourish Ventures, and Norrsken22, bringing the company's total funding to $107 million since its public debut in 2021.