Funding

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

African VC, Jaza Rift Ventures backs YeneHealth as Lead Investor in Pre-Seed Round

Ethiopian femtech startup YeneHealth has announced Jaza Rift Ventures (JRV), a Nairobi-based health-tech-focused venture capital firm, has joined the company