Yemi Keri: Pioneering the Clean tech Movement.
Yemi Keri, co-founder of Rising Tide Africa, has emerged a trailblazing champion in the newly formed thematic angel networks. This partnership is a collaboration between ABAN, EBAN and AEDIB/NET and it aims to support startups in the cleantech industry. Yemi’s unwavering commitment to the Clean Tech Sector showcases her foresight to address certain environmental challenges. By spearheading the Clean tech-focused Angel network, Yemi has created a platform that nurtures and supports startups dedicated to building sustainable solutions. “Clean Technology is synonymous with striking a sustainable balance in our environment. This is vital, if as a people we must act responsibly, …
Chekkit’s Seven Figure Investment
We are thrilled to announce a major milestone achieved by our portfolio company Chekkit. Chekkit has taken a significant step forward in their mission to create a globally connected and secure pharmaceutical supply chain. Chekkit Technologies was founded in 2018 by Dare Odumade with the support of Oluwatosin Adelowo and Samuel Ukhueleigbe as Co-Founders. The 4-year-old startup has so far helped secure over 50 million pharmaceutical and consumer goods products, ensuring we the end users always have access to safe and genuine products. For Chekkit, this is a huge opportunity to scale its tech stack that provides manufacturers with serialisation …
Shuttlers raises $4million in recent funding to support its shared mobility solution in Nigeria
We are excited to announce that our portfolio company Shuttlers, a Nigerian shared mobility platform, has recently raised an impressive $4 million in a recent funding round led by Verod Kepple Africa Ventures (VKAV), a Pan-African focused Venture Capital Firm. The round welcomed participation from follow-on investors, including Vested World, which led the mobility startup’s $1.6 million round 18 months ago. ShEquity, CMC 21 & Alsa and EchoVC are the startup’s other backers in this round. Shuttlers is a platform that enables professionals to access efficient shared transportation in Lagos Metropolis. In Lagos, the most populous city in Africa, the daily …
Gricd rebrands as Figorr: Revolutionizing Last Mile Delivery and Securing Seed Funding
We are very excited to announce our portfolio company Gricd, has undergone a brand revamp and is currently known as “Figorr”. This rebrand represents an exciting new chapter for the company and expands its offerings in the aspect of last mile delivery. Figorr is a cold-chain technology company that manufactures real time data loggers and enterprise monitoring software, intended to keep temperature-sensitive items, such as vaccines, regulated during transportation and storage. Figorr has just secured $1.5 million in seed funding with Atlantica Ventures leading the round. This funding round saw participation from other esteemed investors such as Katapult VC, Jaza …
Seso Global partners with First National Bank to launch E-Mortgage Platform
Seso Global, Africa’s leading digital property marketplace, has collaborated with First National Bank Ghana to launch the continent’s first e-mortgage platform for both Ghanaian and foreign real estate buyers. This new state-of-the-art platform will significantly enhance the process of investing in real estate in Ghana by allowing individuals to digitally search, submit and manage their mortgages. Ghana has become one of the most attractive destinations for business and leisure in Africa. In 2021, CNN named Ghana among the 21 best countries to visit globally. Furthermore, the country’s travel industry is projected to raise $8.3 billion annually by 2027. Ghana’s status …
Paris-based Koolboks closes $2.5M seed round to scale solar refrigeration across Africa
We are very excited at Aruwa Capital Management to have led this investment into Koolboks, a dynamic tech-enabled refrigeration company providing cost-effective cooling to business owners, particularly women, in off-grid areas in Nigeria and globally. In the African continent, the refrigeration penetration rate is currently only at 17% with 770 million people across Sub-Saharan Africa without access to electricity. There are significant amounts of spoilage, particularly in the food and pharmaceutical industries, due to grid instability and lack of power. Koolboks is solving this problem in a very cost-effective manner, by combining the power of two natural forces, the sun, and water, …
Bankly Closes $2million Seed Round
Bankly, a Nigerian FinTech specializing in serving some 47 million plus unbanked/underbanked Nigerians, has just closed a $2million seed round led by Vault. Rising Tide Africa, Vault, Plug and Play Ventures, and Chrysalis Capital all made investments in this round evoked by an alignment of interests to enable the financially underserved. Rising Tide Africa’s key investment focus is investing in early-stage start-ups that are primarily female-owned, female-led or with a gender diverse leadership and management team. Bankly ticked all those boxes, becoming Rising Tide Africa’s 14th investment and 3rd in the African fintech space. “We are delighted to support Tomilola …
OZE, Ghana-based Fintech Startup Raises $700k Seed Round From Investors, Including Rising Tide Africa.
OZÉ raises $700k seed round OZÉ, a Ghana-based fintech startup focused on helping African small businesses grow by digitalizing their operations and providing them with access to affordable capital, closed a $700k Seed Round last week. Rising Tide Africa joined other investors such as Anorak Ventures, Matuca Sarl and existing investors Ingressive Capital and MEST in the round. The fast-growing company will use the funding to grow its team, expand to Nigeria, and promote the newly launched iOS version of its business app. See the press release here. “We are delighted to support OZÉ as it pursues its expansion to Nigeria …
NOVEMBER 2020 DEAL DAY – CALL FOR PITCHES
Rising Tide Africa’s sixth Deal Day event comes up in November 2020. The Deal Day is an event where entrepreneurs are opportune to present their business to potential investors. In light of the above, we are currently open to receiving applications applications from businesses which are female-founded and female-led (gender diverse management teams) profering solutions which are tech enabled. The deadline for submissions of pitches is 9th of October, 2020. Please submit your presentations using this format as only pitches submitted in that format would be reviewed for the Deal Day. All submissions should be made to pitches@risingtideafrica.com. …
