Trakkr - Africa Startup Funding Updates
@trakkr.bsky.social
Telling the African startup story through numbers! 📊 Tracking funding trends and insights on Africa’s startup ecosystem. #AfricanStartups #FundingTrends
💡 The round was led by Development Partners International (DPI), with participation from International Finance Corporation (IFC), Leapfrog Investments, Google's Africa Investment Fund, and Visa.
#AfricanStartups #StartupFunding #SeriesC #VentureCapital #Fintech #Nigeria #Trakkr
#AfricanStartups #StartupFunding #SeriesC #VentureCapital #Fintech #Nigeria #Trakkr
October 23, 2025 at 7:00 AM
💡 The round was led by Development Partners International (DPI), with participation from International Finance Corporation (IFC), Leapfrog Investments, Google's Africa Investment Fund, and Visa.
#AfricanStartups #StartupFunding #SeriesC #VentureCapital #Fintech #Nigeria #Trakkr
#AfricanStartups #StartupFunding #SeriesC #VentureCapital #Fintech #Nigeria #Trakkr
When your best talent chooses international opportunities over local rebuilds, you have a structural problem.
We documented where the founders went after $400M in failures: buff.ly/Aro4tqU
#TechTalent #AfricanTech #StartupEcosystem
We documented where the founders went after $400M in failures: buff.ly/Aro4tqU
#TechTalent #AfricanTech #StartupEcosystem
October 22, 2025 at 8:21 AM
When your best talent chooses international opportunities over local rebuilds, you have a structural problem.
We documented where the founders went after $400M in failures: buff.ly/Aro4tqU
#TechTalent #AfricanTech #StartupEcosystem
We documented where the founders went after $400M in failures: buff.ly/Aro4tqU
#TechTalent #AfricanTech #StartupEcosystem
The pattern is clear: the most experienced founders understand African market limitations better than their investors did.
October 22, 2025 at 8:21 AM
The pattern is clear: the most experienced founders understand African market limitations better than their investors did.
Okra's co-founder joined a UK company. Kippa's founders moved to US ventures. Even 54gene's founder started a new genomics company outside Nigeria.
October 22, 2025 at 8:21 AM
Okra's co-founder joined a UK company. Kippa's founders moved to US ventures. Even 54gene's founder started a new genomics company outside Nigeria.
Full breakdown of all 8 failures, financial mismanagement, and what this means for African tech: buff.ly/Aro4tqU
October 18, 2025 at 6:31 PM
Full breakdown of all 8 failures, financial mismanagement, and what this means for African tech: buff.ly/Aro4tqU
In nearly every case, founder exits predicted closure within 6-18 months. Leadership exodus was the clearest signal.
October 18, 2025 at 6:31 PM
In nearly every case, founder exits predicted closure within 6-18 months. Leadership exodus was the clearest signal.
Copia Global delivered at a loss with $1M+ monthly burn rate. Laid off 700 employees in 2023 but kept talking expansion until collapse in 2024.
October 18, 2025 at 6:31 PM
Copia Global delivered at a loss with $1M+ monthly burn rate. Laid off 700 employees in 2023 but kept talking expansion until collapse in 2024.
Lipa Later faced court action over unpaid consulting fees whilst simultaneously raising new funding. Then acquired struggling e-commerce platform Sky Garden for $1.9M.
October 18, 2025 at 6:31 PM
Lipa Later faced court action over unpaid consulting fees whilst simultaneously raising new funding. Then acquired struggling e-commerce platform Sky Garden for $1.9M.
54gene went through 3 CEO changes in one year whilst burning $45M. Former legal counsel sued over salary cuts from $330K to $176K. Equipment suppliers went unpaid.
October 18, 2025 at 6:31 PM
54gene went through 3 CEO changes in one year whilst burning $45M. Former legal counsel sued over salary cuts from $330K to $176K. Equipment suppliers went unpaid.
The second half of September showed strong momentum in climate-resilient solutions and financial inclusion.
Full breakdown with deal structures, investor details, and market context in Funding Watchlist Issue #03 👇
buff.ly/QA7t0TF
#AfricanStartups #VentureCapital #Trakkr
Full breakdown with deal structures, investor details, and market context in Funding Watchlist Issue #03 👇
buff.ly/QA7t0TF
#AfricanStartups #VentureCapital #Trakkr
October 8, 2025 at 5:00 AM
The second half of September showed strong momentum in climate-resilient solutions and financial inclusion.
Full breakdown with deal structures, investor details, and market context in Funding Watchlist Issue #03 👇
buff.ly/QA7t0TF
#AfricanStartups #VentureCapital #Trakkr
Full breakdown with deal structures, investor details, and market context in Funding Watchlist Issue #03 👇
buff.ly/QA7t0TF
#AfricanStartups #VentureCapital #Trakkr
FINCA Ventures distributed $400K total across 6 African startups in September:
🥇 $100K each: truQ, Farmer Lifeline Technologies
🥈 $60K each: Silo Africa, Cladfy
🥉 $40K each: Karpolax, 10mg Health
Competition categories: Fintech & Climate-Smart Agriculture.
🥇 $100K each: truQ, Farmer Lifeline Technologies
🥈 $60K each: Silo Africa, Cladfy
🥉 $40K each: Karpolax, 10mg Health
Competition categories: Fintech & Climate-Smart Agriculture.
October 8, 2025 at 5:00 AM
FINCA Ventures distributed $400K total across 6 African startups in September:
🥇 $100K each: truQ, Farmer Lifeline Technologies
🥈 $60K each: Silo Africa, Cladfy
🥉 $40K each: Karpolax, 10mg Health
Competition categories: Fintech & Climate-Smart Agriculture.
🥇 $100K each: truQ, Farmer Lifeline Technologies
🥈 $60K each: Silo Africa, Cladfy
🥉 $40K each: Karpolax, 10mg Health
Competition categories: Fintech & Climate-Smart Agriculture.
Hinckley E-Waste Recycling – $1.5M
Nigeria will get its first hi-tech lithium-ion battery recycling facility.
All On backed the round to address environmental hazards and create economic opportunities in the recycling sector.
Nigeria will get its first hi-tech lithium-ion battery recycling facility.
All On backed the round to address environmental hazards and create economic opportunities in the recycling sector.
October 8, 2025 at 5:00 AM
Hinckley E-Waste Recycling – $1.5M
Nigeria will get its first hi-tech lithium-ion battery recycling facility.
All On backed the round to address environmental hazards and create economic opportunities in the recycling sector.
Nigeria will get its first hi-tech lithium-ion battery recycling facility.
All On backed the round to address environmental hazards and create economic opportunities in the recycling sector.
Done.ma – $2.1M seed
Morocco's first homegrown super app combining food delivery, e-commerce, mobility, and financial services.
Raised from local and angel investors to expand into more Moroccan cities.
Morocco's first homegrown super app combining food delivery, e-commerce, mobility, and financial services.
Raised from local and angel investors to expand into more Moroccan cities.
October 8, 2025 at 5:00 AM
Done.ma – $2.1M seed
Morocco's first homegrown super app combining food delivery, e-commerce, mobility, and financial services.
Raised from local and angel investors to expand into more Moroccan cities.
Morocco's first homegrown super app combining food delivery, e-commerce, mobility, and financial services.
Raised from local and angel investors to expand into more Moroccan cities.
Rulebase – $2.1M pre-seed
YC-backed startup founded by Nigerian engineers Gideon Ebose and Chidi Williams.
Their AI tool automates compliance tasks for fintech firms, cutting costs by up to 70%.
Led by Bowery Capital.
YC-backed startup founded by Nigerian engineers Gideon Ebose and Chidi Williams.
Their AI tool automates compliance tasks for fintech firms, cutting costs by up to 70%.
Led by Bowery Capital.
October 8, 2025 at 5:00 AM
Rulebase – $2.1M pre-seed
YC-backed startup founded by Nigerian engineers Gideon Ebose and Chidi Williams.
Their AI tool automates compliance tasks for fintech firms, cutting costs by up to 70%.
Led by Bowery Capital.
YC-backed startup founded by Nigerian engineers Gideon Ebose and Chidi Williams.
Their AI tool automates compliance tasks for fintech firms, cutting costs by up to 70%.
Led by Bowery Capital.
MazaoHub – $2M pre-seed (oversubscribed)
Tanzania's AgriTech startup combines AI soil intelligence with physical farmer centres.
Blended finance: $1.5M equity + $500K non-dilutive.
Led by Catalyst Fund with 6 other investors backing the round.
Tanzania's AgriTech startup combines AI soil intelligence with physical farmer centres.
Blended finance: $1.5M equity + $500K non-dilutive.
Led by Catalyst Fund with 6 other investors backing the round.
October 8, 2025 at 5:00 AM
MazaoHub – $2M pre-seed (oversubscribed)
Tanzania's AgriTech startup combines AI soil intelligence with physical farmer centres.
Blended finance: $1.5M equity + $500K non-dilutive.
Led by Catalyst Fund with 6 other investors backing the round.
Tanzania's AgriTech startup combines AI soil intelligence with physical farmer centres.
Blended finance: $1.5M equity + $500K non-dilutive.
Led by Catalyst Fund with 6 other investors backing the round.
SunCulture – $5M strategic investment
Kenya's solar irrigation leader (50%+ market share in Sub-Saharan Africa) will expand water access to millions of farmers.
Led by WaterEquity's Water & Climate Resilience Fund.
This builds on their $27.5M Series B from April 2024.
Kenya's solar irrigation leader (50%+ market share in Sub-Saharan Africa) will expand water access to millions of farmers.
Led by WaterEquity's Water & Climate Resilience Fund.
This builds on their $27.5M Series B from April 2024.
October 8, 2025 at 5:00 AM
SunCulture – $5M strategic investment
Kenya's solar irrigation leader (50%+ market share in Sub-Saharan Africa) will expand water access to millions of farmers.
Led by WaterEquity's Water & Climate Resilience Fund.
This builds on their $27.5M Series B from April 2024.
Kenya's solar irrigation leader (50%+ market share in Sub-Saharan Africa) will expand water access to millions of farmers.
Led by WaterEquity's Water & Climate Resilience Fund.
This builds on their $27.5M Series B from April 2024.
ARC Ride – $10M debt financing
Kenya's battery-swapping startup will deploy 600+ new cabinets and 25,000 batteries across the country.
Led by Mirova's Gigaton Fund.
The goal: make electric motorcycles accessible through quick battery swaps.
Kenya's battery-swapping startup will deploy 600+ new cabinets and 25,000 batteries across the country.
Led by Mirova's Gigaton Fund.
The goal: make electric motorcycles accessible through quick battery swaps.
October 8, 2025 at 5:00 AM
ARC Ride – $10M debt financing
Kenya's battery-swapping startup will deploy 600+ new cabinets and 25,000 batteries across the country.
Led by Mirova's Gigaton Fund.
The goal: make electric motorcycles accessible through quick battery swaps.
Kenya's battery-swapping startup will deploy 600+ new cabinets and 25,000 batteries across the country.
Led by Mirova's Gigaton Fund.
The goal: make electric motorcycles accessible through quick battery swaps.
Challenges: currency volatility, regulatory uncertainty, funding gaps.
But Nigerian founders keep building.
65 years of independence. The next chapter is being written now. 🚀
#NigeriaAt65 #IndependenceDay #NigerianStartups #AfricanTech #Trakkr
But Nigerian founders keep building.
65 years of independence. The next chapter is being written now. 🚀
#NigeriaAt65 #IndependenceDay #NigerianStartups #AfricanTech #Trakkr
October 1, 2025 at 4:30 PM
Challenges: currency volatility, regulatory uncertainty, funding gaps.
But Nigerian founders keep building.
65 years of independence. The next chapter is being written now. 🚀
#NigeriaAt65 #IndependenceDay #NigerianStartups #AfricanTech #Trakkr
But Nigerian founders keep building.
65 years of independence. The next chapter is being written now. 🚀
#NigeriaAt65 #IndependenceDay #NigerianStartups #AfricanTech #Trakkr
Where we're going:
Climate tech growing
Quick commerce viable
Fintech maturing
Healthtech, agritech attracting capital
The next wave is here.
Climate tech growing
Quick commerce viable
Fintech maturing
Healthtech, agritech attracting capital
The next wave is here.
October 1, 2025 at 4:30 PM
Where we're going:
Climate tech growing
Quick commerce viable
Fintech maturing
Healthtech, agritech attracting capital
The next wave is here.
Climate tech growing
Quick commerce viable
Fintech maturing
Healthtech, agritech attracting capital
The next wave is here.
Moniepoint: profitable unicorn
Flutterwave: IPO prep
Paystack: scaling Africa
Kuda, PalmPay: millions of users
Solving real problems: payments, energy, food, cross-border transfers.
Flutterwave: IPO prep
Paystack: scaling Africa
Kuda, PalmPay: millions of users
Solving real problems: payments, energy, food, cross-border transfers.
October 1, 2025 at 4:30 PM
Moniepoint: profitable unicorn
Flutterwave: IPO prep
Paystack: scaling Africa
Kuda, PalmPay: millions of users
Solving real problems: payments, energy, food, cross-border transfers.
Flutterwave: IPO prep
Paystack: scaling Africa
Kuda, PalmPay: millions of users
Solving real problems: payments, energy, food, cross-border transfers.
Where we are (2025):
Nigeria: ~24% of African startup funding in Q1.
Major rounds:
LemFi $53M
Kredete $22M
Koolboks $11M
Raenest $11M
Moniepoint $10M
Chowdeck $9M
Nigeria: ~24% of African startup funding in Q1.
Major rounds:
LemFi $53M
Kredete $22M
Koolboks $11M
Raenest $11M
Moniepoint $10M
Chowdeck $9M
October 1, 2025 at 4:30 PM
Where we are (2025):
Nigeria: ~24% of African startup funding in Q1.
Major rounds:
LemFi $53M
Kredete $22M
Koolboks $11M
Raenest $11M
Moniepoint $10M
Chowdeck $9M
Nigeria: ~24% of African startup funding in Q1.
Major rounds:
LemFi $53M
Kredete $22M
Koolboks $11M
Raenest $11M
Moniepoint $10M
Chowdeck $9M