Africa Tech Rising — 2026-08-28
Ventures Platform has closed a significant $84 million second fund to expand early-stage investing across Africa, marking a major capital injection into the continent's venture ecosystem. Meanwhile, ThriveAgric raised ₦5.3 billion ($3.93 million) through its first commercial paper sale, highlighting a strategic shift toward debt-based financing for agritech startups. The week also saw $239.63 million in total funding across Africa and the Middle East, driven largely by AI security and fintech deals.
3 min read/15 sources
