Industry: Venture Capital
Sentiment: Positive
Total Articles: 2
Last Article: 2025-04-04 13:21:19+00:00
African startups raised $460m in Q1 2025, a 5% decrease from Q1 2024. The Big Four countries (Kenya, Nigeria, South Africa, and Egypt) received 83% of the funding, with fintech dominating at 46% of total investments.
Gozem, a super app offering ride-hailing, commerce, vehicle financing, and digital banking in West Africa, has raised $30 million in Series B funding. The company plans to use the funds to bolster its vehicle financing service and expand into new markets across Francophone Africa.