This week, startup funding in the continent was distributed evenly across foodtech, healthtech and enterprise services in Africa. Tracxn data shows that the continent had 6 funding rounds.
Nigeria’s Healthlane raised $2.4 million seed funding to provide teleconsultation and appointment booking for patients. The funding round was led by Digital horizon, Sequoia Capital, Silicon Valley Bank, Supernode Ventures, TSVC, CRE Africa, and Ping An Good Doctor.
South Africa’s JobCrystal, an enterprise application for job matching raised $0.25 million in seed funding. The female led company will use the funding to develop technology to speed up employment processes, looking to cut unemployment rates in South Africa. The funding was led by Enygma Ventures.
Other deals in the continet include undisclosed investment rounds in Ordera, First Mutual Holdings, Tanga Fresh and Linebooker.
Top Deals in Emerging Markets
Nubank, a credit issuer and a digital bank in Brazil raised $300m from five undisclosed investors. The bank is the second credit card issuer in Brazil. Similarly, Fazenda Futuro, a plant-based artificial meat technology startup raised an undisclosed amount of funding from BTG Pactual, Enfini investments, and returning investors Monashees and Go4it Capital. The startup will use the funding to expand its plant-based chicken and fish in the US markets.
Byju’s, a provider of online courses for competitive test preparation and supplementary courses for students in India raised $122 million from DST Global in series F funding.
The 9-year-old EdTech continues to amass investor interests after paid subscribers topped 3.5 million while registered users grew past 57 million.
India’s mobile-based concierge service Dunzo raised $28 million from Google, LGT Lighthouse, Pivotal Ventures and 3 more investors.
Venture Deals Globally
Fanatics – Country; USA. Services: Licensed sports merchandise retail. Funding: $350M. Investors: Undisclosed.
PropertyGuru Group – Country: Singapore. Services: Online platform to find real estate properties. Funding: $300M. Investors: TPG and KKR.
Frenome – Country; USA. Services: Deep learning platform for detecting circulating cancer-related markers. Funding: $270M. Investors: Bain capital, Perceptive Advisors, Janus Henderson Investors and 19 others.
Source: The Kenyan Wall Street