From Here Ventures

Exciting news from our portfolio company, Rology! 🚀 Their selection for the Microsoft GrowthX Accelerator: AI Edition is a huge step forward, and we're thrilled to see their AI-driven approach to radiology being recognized on such a big stage. Congratulations to the Rology team on this well-deserved achievement, and kudos to Microsoft and the Abu Dhabi Investment Office for fostering innovation in healthcare. Here's to many more milestones and advancements in life-saving diagnostic services! #FromHereVentures #Rology #AI #Healthtech #growth #milestone #healthcare

A Slowdown, but Resilience and Growth Continue in Africa’s Startup Ecosystem. After a stellar July, August 2024 saw a dip in startup funding, with $56 million raised—nearly 8x less than July’s $443 million and 4x less than August 2023’s $234 million. This slowdown made August the second-slowest month for funding in four years. However, the strong performance in July has kept Q3 funding ahead of Q1 and Q2 combined, showing the ecosystem’s ability to bounce back. Key Highlights from August: - Total Funding: $56 million (87% equity, 9% debt, 4% grants) - Startups Funded: 27 (below the 12-month average of 40+) Top Deals: - Fido (Ghana): $30m (Fintech) - Solarise Africa (South Africa): $9m (Energy) - Waza (YC W23) (Nigeria): $8m (Fintech) Despite the August slowdown, several African startups have continued to secure vital funding, demonstrating the ecosystem’s resilience and innovative spirit. Recent Funding Highlights: Kasha (Rwanda): Expanding access to women’s healthcare products with additional funding. Chpter (Kenya): $1.2m to grow its AI-powered social commerce platform across Africa. Wattnow (Tunisia): Closed a multi-million dollar funding round for its IoT-based smart energy management solution. Cercli (MENA): $4m seed funding to simplify payroll management and strengthen its presence in the MENA region. Kredete (Nigeria): Secured $2.25m to enhance fintech services for African immigrants, driving financial inclusion. As we look ahead, the continent’s potential for growth and impactful solutions remains stronger than ever. Let’s keep building towards a brighter future for innovation and economic development across Africa! Source: Africa: The Big Deal, Tech Safari #FromHereVentures #VentureCapital #AfricaTech #StartupFunding #Innovation #EconomicGrowth

Starting a company is never easy, and early-stage startups often face unique challenges. We're interested in hearing from you—what do you see as the biggest hurdle for startups today? #venturecapital #FromHereVentures #Foundersjourney #scaling

$1 Billion Milestone in African Startup Investments! 🚀 Key Highlights: ➖H1 2024: $800M raised, setting a strong foundation. July 2024: Record-breaking $400M, featuring major deals like: ➖d.light's $176M securitization ➖MNT-Halan's $157.5M expansion round ➖NALA's $40M Series A Despite a slower start, July's surge puts 2024 on track to surpass previous years, showcasing the resilience and innovation in Africa's startup ecosystem. If you'd like to receive future updates from us, subscribe to our newsletter - https://shorturl.at/dsJTX Source: Africa: The Big Deal #FromHereVentures #VentureCapital #AfricaTech #StartupInvestment #Innovation #Funding

2024 Mid-Year Review: Evolving Trends in Africa's Startup Funding 📉🌱 As 2024 progresses, Africa's startup funding landscape shows shifting priorities and emerging growth sectors, mirroring global economic trends: ➖Fintech Slowdown: Funding dropped to 22% ($158M) from last year’s over 50%, redistributing attention to other sectors. ➖Logistics & Transport Growth: Now leading with 29% of investments ($215M), indicating significant expansion and importance in today’s economy. ➖Focus on Energy & Water: These sectors attracted 18% ($132M), emphasizing continued investment in essential services. ➖Climate Tech Emergence: Capturing 45% ($325M) of this year’s funding, Climate Tech hits a record high, reflecting increased investor interest in sustainable solutions aligned with global environmental goals. Looking Ahead While Climate Tech funding may not reach last year's $1.1 billion, its growing share highlights shifting global and local investment priorities. Stay Informed Subscribe to our newsletter to keep up with these evolving trends and see how they shape Africa's entrepreneurial landscape - https://shorturl.at/yGXBv Source: Africa: The Big Deal #FromHereVentures #VentureCapital #Innovation #SustainableDevelopment #AfricaTech #Startups

Meet Mathenge Waweru, Co-founder & Product Lead at Shukran! At Shukran, they believe in the power of tipping to transform lives. Join Mathenge as he shares how partnering with FHV has fueled their mission. 🚀 Key Takeaways from Mathenge’s Journey with FHV: 1️⃣ Expert Advisory: Access to top industry experts including Mark, the GP, and insights from successful founders within the portfolio. 2️⃣ Networking Opportunities: Opportunities to connect with marketers, videographers, engineers, and more, allowing for valuable idea exchanges. 3️⃣ Local Insight: FHV's local approach resonates deeply with Mathenge Waweru, offering tailored support and understanding of the unique challenges faced on the continent. Watch the full testimonial to see how Shukran is making an impact with the right support. #FromHereVentures #Shukran #Entrepreneurship #Innovation #LocalImpact

On this Madaraka Day, we celebrate the momentous day of June 1, 1963, when Kenya embarked on the path to self-governance. Let's cherish our heritage and stride forward with unity and pride. Happy Madaraka Day to all! #FromHereVentures #MadarakaDay #KenyanPride #Unity

Meet Ted Muganda, CEO of Kinetic Education! Based in Nairobi, Ted is driving change by nurturing the next generation of entrepreneurs. In this insightful testimonial, he shares the journey of Kinetic under the support of From Here Ventures. Key Takeaways: 1️⃣ Funding Success: Kinetic has successfully raised capital from FHV, which has been crucial for scaling operations and keeping the lights on. 2️⃣ Strategic Networking: Access to valuable networks has opened doors to potential investors and crucial market opportunities. 3️⃣ Community Impact: The Boma community has played a vital role by providing a supportive environment where founders learn from each other’s experiences, reducing the loneliness and stress of the entrepreneurial journey. Watch the full story to discover how Kinetic is making strides in the entrepreneurial ecosystem and how From Here Ventures is empowering startups like Ted’s. Are you a visionary founder looking for strategic partnership and growth? Apply now to partner with us! https://lnkd.in/dD_9Xhg2 #FromHereVentures #KineticEducation #Entrepreneurship #StartupJourney #FounderStories #InvestInAfrica

Empowering Innovation Across Africa: Major Funding Updates💎 Exciting developments as key ventures secure significant funding to drive growth and innovation across Africa: 🔹d.light Solar Impact: Secured $3.4M in grants for solar home systems in Uganda. 🔹Accion’s Global Initiative: Launched a $152M fund to empower small businesses through technology in emerging markets. 🔹MNZL’s Financial Innovations: Raised $3.5M in seed funding to enhance asset liquidity in Egypt. 🔹Maad's Retail Revolution: Acquired $3.2M in funding to connect Francophone Africa's informal retailers with suppliers. 🔹Spiro's Electric Expansion: Gained $50M to boost EV solutions in Africa, aiming to expand its motorbike fleet and battery stations. Our mission continues to support these transformative efforts that not only foster innovation but also drive sustainable development in emerging markets. Join us in celebrating these milestones and the promising future they herald for Africa’s economic landscape! If you'd like to receive future updates from us, subscribe to our newsletter - https://shorturl.at/dsJTX #FromHereVentures #VentureCapital #Innovation #SustainableDevelopment #AfricaTech #Startups

A Deep Dive into Startup Funding in Africa: 2019-2024 Analysis Today, we share a comprehensive geographical analysis that outlines the evolving landscape of venture capital since 2019. Highlights of Funding Dynamics 🔹 The dominance of the Big Four: Nigeria, Kenya, South Africa, and Egypt, known as the Big Four, have collectively attracted 84% of all startup funding on the continent, underscoring their pivotal role in Africa's economic development. Nigeria alone accounts for 30% of this funding. 🔹Emerging Contenders: While the Big Four lead, nations like Senegal and Ghana are rapidly emerging as significant players. Ghana, in particular, shows potential to join or even surpass some of the Big Four, with 13 startups crossing the $10m funding mark. 🔹Regional Insights: Beyond the leaders, countries like Tanzania, Uganda, Algeria, Tunisia, and Morocco have also seen substantial investments, with Morocco displaying a notably diverse funding landscape with nearly 40 ventures raising $1m+ each.Broader Market Trends 🔹Despite the robust activity in several countries, there remain 19 markets with minimal to no recorded deals, highlighting untapped potential and opportunities for early-stage investments. From Here Ventures remains dedicated to identifying and nurturing the most innovative founders across Africa. We believe in the power of localized support and strategic capital to elevate innovative solutions that can transform communities and economies. If you'd like to receive future updates from us, subscribe to our newsletter - https://shorturl.at/Kpk8W #FromHereVentures #VentureCapital #AfricaTech #Startups #InvestInAfrica #Innovation #StartupFunding