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Keeping Better Tabs On Startups In Africa

Yesterday a Kenyan startup called Twiga Foods raised $30 million from Goldman Sachs, including a $23.75 million equity investment and $6.25 million in debt.

Crunchbase News noted that “[t]he Nairobi, Kenya-based marketplace company has raised $67.1 million in known venture funding to date.”

It’s a neat company (mobile payments powering a multi-party food marketplace, expanding into the business-to-business world) with a solid investor set, but its existence made me ask a question: Who else is raising money in Africa?

To better understand this blind spot that I have and you might as well, Kenya, the seventh most populous country on the African continent, has seen hundreds of known venture rounds over time.

Crunchbase News has covered the African startup scene.

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