There have been several notable venture-backed investments in Africa in recent years. Here are some of the top ones:
Jumia Technologies AG: Jumia is an online marketplace that operates in several African countries. In April 2019, it became the first African startup to be listed on the New York Stock Exchange, raising $196 million in its initial public offering.
Interswitch: Interswitch is a Nigerian fintech company that provides payment processing solutions. In November 2019, it raised $200 million in a funding round led by Visa, making it one of the most valuable African startups at the time.
Andela: Andela is a software development outsourcing company that operates in several African countries. In October 2019, it raised $100 million in a funding round led by Generation Investment Management.
Branch International: Branch International is a mobile lending platform that operates in Kenya, Tanzania, and Nigeria. In April 2021, it raised $170 million in a funding round led by Foundation Capital and Visa.
Flutterwave: Flutterwave is a Nigerian fintech company that provides payment processing solutions. In March 2021, it raised $170 million in a funding round led by Avenir Growth Capital and Tiger Global Management.
Twiga Foods: Twiga Foods is a Kenyan startup that operates an online platform connecting farmers with retailers. In October 2020, it raised $30 million in a funding round led by Goldman Sachs and the International Finance Corporation.
Kobo360: Kobo360 is a Nigerian logistics platform that connects truck drivers with cargo owners. In August 2019, it raised $20 million in a funding round led by Goldman Sachs.