These are the main deals in 2016 for African startups which raised good amount of cash. Also, some VCs also raised capital to fund local entrepreneurs.
- IFC puts $2 million in equity financing to Flat6Labs Cairo
- Singularity Investments invested an undisclosed sum into Sliide Airtime
- SA marketing platform delvv.io raises over $450K.
- Andela Series B $24M round led by Chan Zuckerberg Initiative
- Paystack picked US$1.3 million in a seed funding round
- Standard Bank acquired major stake in Firepay, which runs SA largest mobile payment SnapScan
- iROKO collected another $19 million to bring total to $40 million.
- Ringier bought DealDey for an undisclosed amount
- BitPesa got nvestment from BitFury Group,
- Orange made a EUR75M equity investment in Africa Internet Group..AXA followed for 8% in AIG
- Amadeus and MTN invested $40m in Travelstart in partnership
- VC Capital Eye raised $100 million
- VC Village Capital raised $17.7 million
- VC,Caban Investments raised $42.6 million