Chui Ventures surpasses $10 million target at close of first fund
Chui Ventures raised $17.3 million for its debut fund, surpassing its $10 million target. The fund received commitments from diverse sources, including the Mastercard Foundation Africa Growth Fund.
PaidHR completes $1.8 million seed round led by Accion Venture Lab
PaidHR raised $1.8 million in a seed funding round, completing its initial fundraising. The funding round was led by Accion Venture Lab with participation from Zrosk, Chui Ventures, and Zedcrest Capital.
Uncover: Pioneering Data-Driven Skincare for Melanin-Rich Skin in Africa
Uncover has successfully secured $1.4 million in Seed II funding. The funding round was led by EQ2 Ventures and igniteXL Ventures.
Africa-focused funds find their feet amid a downturn
Partech Africa II and Africa People + Planet fund emerged as notable VC funds in Africa last year. African venture capital and private equity fund managers secured $2.4 billion across 43 deals in 2023.
Kenya’s tappi raises $1.5m pre-seed funding to digitise African SMEs
tappi has raised $1.5 million in a pre-seed funding round led by Mercy Corps Ventures and Chui Ventures. The funding will be used to digitize and build online trust for African SMEs.
