Rwazi has secured $12 million in Series A funding to scale its AI-powered consumer data platform, enabling brands to access real-time insights across 190 countries.
Bfree has secured a $3 million investment loan from Verdant Capital to scale ethical, data-driven debt recovery across Africa by acquiring distressed loan portfolios from inclusive financial institutions.
Kenyan logistics software startup Leta has launched in Ghana following a $5M seed funding round, marking its seventh African market expansion and partnership with Simbisa Brands.
Solar energy company d.light has secured $842 million in financing to scale access to affordable solar home systems in Africa. Through its PayGo model, the company aims to reach 10 million people in Kenya, Uganda, Tanzania, and Nigeria—providing energy and empowering underserved communities.
Afreximbank is set to revolutionize Nigeria’s textile industry with a $5 billion facility expected to create 250,000 jobs. The project, launching in July, is part of the bank’s wider industrialisation strategy across Africa.
Venture capital is changing, and seed investors like Charles Hudson are rethinking how long to hold their winners. As limited partners push for faster liquidity, smaller funds face new pressures to sell earlier, reshaping traditional strategies.
Collab Capital has secured $75 million for its second fund, expanding its mission to back early-stage startups transforming work, healthcare, and community systems. The firm’s strategy combines capital with deep, hands-on support to create meaningful impact and long-term growth.
In 2024, Nigerian banks saw significant profits from their foreign subsidiaries, generating N1.695 trillion — over a third of their total group earnings. Supported by macroeconomic shifts, these offshore operations are increasingly crucial for revenue diversification and growth.
Against global economic headwinds, Nigerian startups defied the odds, securing over $100 million in Q1 2025. Fintech led the charge, but clean energy and agritech also saw major wins. Here's a breakdown of the top 10 deals and what they signal for the startup ecosystem.
Arnergy, a Nigerian company known for its distributed renewable energy solutions, has raised $18 million to scale its solar energy systems across Africa.