VC4Africa entrepreneurs raised over USD 1.3 million in January

Funds main image
Congratulations to the VC4Africa members who secured new funding over the last month! While we see more and bigger deals get published in the African startup space, the transparency also increases. More to share? Let us know.

Last month VC4Africa profiled some inspiring success stories we documented over 2014, and in January 2015 VC4Africa listed entrepreneurs already secured over USD 1.3 million more in funding! Also see the VC4Africa 2015 Venture Finance in Africa report for trends in progress made by startups across Africa. VC4Africa listed entrepreneurs who participated in this research indicated they had secured USD 26.9 million in total in 2014.

Below we list some examples of deals by VC4Africa listed entrepreneurs from the past month. Find out more by clicking on the companies’ VC4Africa venture profiles listed below.

VC4Africa Pro Account users can access even more info on the companies’ venture profiles (see the links below). This includes documentation and also pledges made by other investors: with a VC4Africa Pro Account you can now for example see pledges made by investors on the venture profile pages of ASiM, Jiro-Ve, and even more other ventures not listed below. Entrepreneurs who feel inspired should check out the 5 Steps to Fundraising on VC4Africa.

Be sure to let us know if you have other investment success stories to share with the VC4Africa community of entrepreneurs and investors. We see the African startup space is heating up for a solid 2015!

Tugende in Uganda secures USD 780K

VC4Africa listed Tugende, a for-profit social enterprise based in Uganda, gained USD 780,000 in additional growth funding and working capital in an investment round closed in January. Also see VC4Africa’s earlier profile of Tugende one year ago.

Ubongo in Tanzania secured USD 75K

Tanzania’s DEMO Africa alumni company and VC4Africa member Ubongo was selected to receive USD 75K in seed investments after the Edupreneurs Southern Africa incubator program 2014, facilitated by the Pearson Affordable Learning Fund & Village Capital.

South Africa’s SDK Africa secured USD 100K

VC4Africa listed augmented & virtual reality startup SDK Africa raises USD 100K as they were selected to join the US based Rothenberg Ventures first accelerator class. See their VC4Africa venture profile for more.

Fairwaves secured new investment (details on their VC4Africa venture profile)

DEMO Africa 2014 alumni company Fairwaves currently runs a fundraising campaign: VC4Africa Investor Pro Account users should log in and check out their VC4Africa venture profile to read more about new investments Fairwaves secured! Also see an earlier profile of Fairwaves on the VC4Africa blog.

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: Obtuse Photo via Compfight cc