Funding

Ethiopian Investment Firms form Alliance to Connect Local Startups with Global Investors

Five Ethiopian investment firms have come together to establish the Madeg Partnership, which aims to source investment opportunities on behalf

In Stock Markets, Giants Roam; in Crowdfunding, Startups Are Born

Addis Ababa, Ethiopia  Since the news of the establishment of the capital market in Ethiopia was first announced, there has

Addis Ababa-based EV Startup Dodai Raises $4 Million in Series A Funding

Dodai, an Addis Ababa-based electric vehicle (EV) startup, has secured $4 million in its Series A round, marking one of

Ethiopian Software Development firm Addis Software Secures Investment from Japanese VC, ICJ

Addis Software, a software development company focusing on custom software solutions, mobile apps, and web development, has announced a capital

Ethiopian Startups, SMEs Receive $150,000 in Grants Preparing Them for Investment Readiness

The Innovative Finance Lab (IFL), funded by GIZ, has awarded $150,000 in grants to 30 startups and small and medium-sized

Ethiopia Welcomes VC-Backed Incubator Weventure

WeVenture, a newly established local venture capital-backed incubator, has officially opened its doors. Supported by a coalition of successful local

Jamii.one Secures Investment from Renew Capital Angels

Africa-focused impact investment firm Renew Capital announced its angel investors’ investment in Jamii.one, a micro-insurance startup that aims to improve

beU Delivery Raises $300,000 from Chinese Accelerator

beU Delivery, one of the largest food delivery platforms in Ethiopia, has raised $300,000 from the China-based accelerator MiraclePlus (formerly