ShareFunding Overview: Q3 Witnesses the Year’s Most Modest FundingIn September 2023, 22 African tech startups secured $116.7 million in funding over 22 fully disclosed rounds. To put it in perspective, startups in Africa garnered $383.4 million in September 2022. In recent transactions this month:Wetility, an energy startup from South Africa, secured a combined debt and equity financing of $48 million. Lastly, Rentoza, a retail startup from South Africa, achieved a $6 million funding milestone. In September, the Kenyan-based venture capital firm Enza Capital secured $58 million to back startups throughout Africa.

Source: The North Africa Journal October 06, 2023 10:44 UTC