- Week 02, 2023
- Learn time: 5 minutes
Completely happy New 12 months and welcome to the primary version of TC Weekender in 2023! Earlier than we delve in, I hope the 12 months has began nice for you and also you’re on monitor to have a beautiful 12 months.
On this version, we kick the 12 months off with information of acquisitions and profitable funding rounds as BioNTech acquires Instadeep and Jetstream and Releaf elevate hundreds of thousands. In different information, yet one more speaking stage involves an finish as Telkom and Rain finish their merger talks. These and extra information await you on this weekend’s version.
Completely happy studying!
Pamela Tetteh Editor, TechCabal.
The State of Tech in Africa Report
TechCabal Insights’ State of Tech report for Q3 2022 continues to be accessible for obtain.
The report entails analyses of knowledge on acquisitions, expansions, and funding in Africa’s tech ecosystem. These insights are contexualised based mostly on discussions with stakeholders within the ecosystem.
The report is accessible for obtain here.
Who introduced the cash this week?
- Jetstream, a Ghanaian logistics startup, received $13 million in a pre-Collection A funding spherical from Cauris and French growth establishment Proparco, Octerra, Wuri Ventures, Seed9, The MBA Fund, ASCVC, Alitheia IDF, and Golden Palm.
- Nigerian agri-tech firm Releaf raised $3.3 million in a pre-Collection A funding spherical led by Samurai Incubate Africa. Different taking part buyers embrace Consonance Funding Managers Stephen Pagliuca (chairman of Bain Capital), Jeff Ubben, and Rena Yoneyama.
- Egyptian Solar energy firm, KarmSolar, closed $3 million in debt funding from Ezdaher monetary consultancy.
Do you want jigsaw puzzles? Here’s one.