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20 of Africa’s startup investment success stories from 2014 – Inspiration for 2015

Inspiration2015
The new VC4Africa 2015 Venture Finance in Africa report shows considerable progress made by startups across Africa. Below you’ll see some inspiring individual success stories we also managed to document over the past year.

Two exampleas of investors we profiled over the past year are the international business angel who invested in Karibu Solar & Soko via VC4Africa and the diaspora angel who found Njorku and Kiroo Games via VC4Africa’s mentorship Marketplace and went on to invest in them.

Below we’ve listed specific examples of entrepreneurs across Africa who found success, got funded and got profiled on the VC4Africa blog in 2014. For more on trends and general developments read the VC4Africa 2015 Report: Venture Finance in Africa.

We hope the examples listed below inspire you. Please add other investment success stories from the past year in the comments below, and be sure to let us know if you have a new investment success story to share with the VC4Africa community. We can’t wait to see what 2015 will bring. All the best wishes from the VC4Africa community of entrepreneurs and investors!

chopupNigeria’s social gaming platform ChopUp secured USD 100K from local & international investors
Karibu150Tanzania’s green innovator Karibu Solar Power found investment via VC4Africa irofit-founder-150Nigeria’s mobile payment startup IroFit found investment via VC4Africa Revo150Ghanaian edu tech startup Revo secured 110K from Ghana Angel Investors
Epump150Nigeria’s fuel station app E-Pump secured more than USD 15K from investors SimplePay150Africa’s payment venture SimplePay secured SeedStars World’s Best Startup prize money saya-150Ghana’s messaging startup Saya acquired by US based mobile services company Kirusa 8bit150South Africa’s 8Bit raises USD 110K from local & international angels
BookNow150Kenya’s BookNow secured USD 75k funding round from 10 angel investors Iprocure-150Kenya’s iProcure raised undisclosed amount to improve farming services EverZero150Ghana’s mobile payment company Everzero secured investment GEBiofuels150Nigeria’s Green Energy & Biofuels secured over USD 1 million
Nomanini150South African mobile payment company Nomanini secured over USD 1 million (Series B) nom1… and USD 450k funding boost from South Africa’s tech venture capital fund IDC mobofreeOnline marketplace MoboFree secured undisclosed growth investments vivifi150Egypt’s touch sticker innovation ViViFi secured USD 70K from investors
Njorku-150Cameroon based job portal Njorku found undisclosed investment via VC4Africa’s Mentorship Marketplace UpEnergy150Uganda’s clean energy company UpEnergy secured over USD 1 million

VC4Africa aims to be the world’s leading social network for entrepreneurs and investors in Africa. The VC4Africa community has over 17,000 members in 159 countries, including 600 investors. 2000 entrepreneurs in Africa present their companies on the platform: early stage ventures that require investments less than USD 1 million. Each venture is scalable, makes smart use of technology, or is disruptive in their application of a business model.

Join VC4Africa as an investor to get priority access to Africa’s leading SME entrepreneurs. Join VC4Africa as an entrepreneur to register your venture, follow 5 steps to fundraising and more.

Download a summary of the VC4Africa 2015 Report: Venture Finance in Africa for more info on key trends and developments in Africa’s startup space.

Photo credit: Wayan Vota

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