Posts in Tag

NALA

The African startup ecosystem has witnessed a surge in investment, crossing the $1 billion mark in 2024, according to The Big Deal. This milestone was achieved faster than anticipated, due to several significant deals announced in July.  Notably, d.light secured a $176 million securitization facility, and MNT-Halan raised $157.5 million for its expansion efforts.  These, along with NALA’s $40 million Series A and other smaller deals, have pushed July 2024 to become the most successful month in African startup fundraising in over a year, amassing nearly $400 million.  This figure