Latest Investments in African Startups – Deal Tracker

While big funding rounds and unicorn valuations grab headlines, much of Africa’s startup investment scene unfolds behind the scenes. Pre-seed funding, angel investments, and strategic acquisitions—often overlooked—are essential to driving innovation across the continent. The African Startup Deal Tracker sheds light on these lesser-known transactions, showcasing the diverse and growing investor interest in African ventures.

This week’s tracker covers investments spanning various industries, from music tech to agri-tech and renewable energy, showcasing the vibrancy of Africa’s entrepreneurial landscape. While these deals may not always grab headlines, they serve as key markers of the continent’s evolving startup ecosystem and the pressing challenges local innovators are addressing.

Listed below are summaries of the most recent deals tracked:

Deal Summaries

1.Muzikin (Democratic Republic of Congo)

Sector: Music Technology

Description: Muzikin, a startup based in the Democratic Republic of Congo, is transforming music distribution and royalty payments for African artists. The platform allows musicians to share their work on global streaming services like Spotify and YouTube while ensuring seamless payouts through mobile banking and wire transfers.

Investment Details: Muzikin has secured funding from Fuzé in collaboration with Digital Africa. This investment is intended to expand the startup’s operations, grow its user base, and fast-track its journey to profitability, enabling more African artists to earn from their music on a global scale.

Quote: Winny Andromed, Founder & CEO of Muzikin, emphasizes the platform’s innovative approach to addressing Africa’s low content monetization. By providing independent artists with global distribution channels and direct royalty collection, Muzikin is creating new opportunities for musicians across the continent.

2.E-pineA (Benin)

Sector: AgriTech

Description:E-pineA, a Beninese AgriTech platform, bridges the gap between farmers practicing sustainable agriculture and both local and international agribusinesses. By leveraging production data and predictive algorithms, the platform offers real-time insights into product availability, allowing businesses to place orders, track traceability, and process secure payments seamlessly.

Investment Details: E-pineA has secured funding from Fuzé in partnership with Digital Africa. The investment aims to revolutionize Africa’s agricultural supply chain, minimize post-harvest losses, and drive the shift toward sustainable farming. By doing so, it seeks to create new income opportunities for farmers while fostering agribusiness growth.

Quote: Ulrich Djido & Lucien Medjiko, Founders of E-pineA, highlight the platform’s pivotal role in bridging the gap between farmers and the international agrifood market. By serving as a reliable intermediary, E-pineA ensures farmers meet quality standards while gaining better access to global buyers.

3.GI3 SAS (Green Innov Industry Investment) (Morocco)

Sector: Renewable Energy (Solar Water Heater Manufacturing)

Description:GI3 SAS, a Morocco-based company, specializes in producing and distributing solar water heaters. With a strong focus on local manufacturing, the company aims to reduce reliance on imports while catering to the Moroccan market. GI3 is currently developing a high-capacity solar water heater production facility in Tiflet, Morocco.

Investment Details: CDG Invest SA, the investment branch of Caisse de Dépôt et de Gestion (CDG), is acquiring a 29.4% stake in GI3 SAS. This move reflects strong confidence in Morocco’s renewable energy sector and GI3’s growth potential in the solar water heater industry.

Context: With this investment, CDG Invest joins GI3’s strategic discussions, further strengthening its role in the company’s development. GI3’s project includes the “Mysol” low-cost solar water heater production plant, along with plans to manufacture “Made in Morocco” solar wafers, photovoltaic cells, and modules. As required by Moroccan law, the Competition Council has been notified of the acquisition, and relevant details are publicly accessible.

Note: This tracker is based on publicly available sources and official company announcements. The deal details reflect the most recent information at the time of publication and are provided solely for informational purposes.

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