$2M+ for Suplyd & Flood, and Chowdeck’s Ghana Surge 🚀

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⟹ 🚀 STARTUPS WATCH 🚀 ⟸

Here are the 3 top startups in the African ecosystem I think you need to know:

Founded in 2011, Powerhive is a Nairobi- and California-based energy tech startup building the utility company of the future. Through its proprietary platform and modular mini-grids, Powerhive delivers affordable, clean electricity and internet to off-grid communities across Africa, leapfrogging the traditional grid with scalable infrastructure tailored for emerging markets.

Powerhive’s platform enables utilities, IPPs, and governments to finance, deploy, and manage rural energy projects with precision—from automated billing to real-time system diagnostics and mobile-enabled payments. By transforming electricity into a catalyst for economic growth, Powerhive is powering a decentralized, equitable energy future—one remote village at a time. ⚡🌍.

⟹ 💼 💰️ VENTURE CAPITAL WATCH 💼 💰️ ⟸

🚀 This Week in African VC: Infra, Shutdowns & Strategic Capital.

3️⃣ | Suplyd Raises $2M to Digitize Egypt’s $10B Restaurant Backbone 🍽️

Backed by 4DX, Plus VC, Seedstars, and Camel Ventures, Suplyd is going beyond procurement to build full-stack infrastructure for Egypt’s hospitality supply chain. With 5,000+ restaurants onboard and 20x growth since 2022, this pre-Series A round positions them as a category leader in digitizing HORECA logistics.

💡 VC Lens: Vertical SaaS is heating up in Africa. Investors are eyeing backend enablers for massive offline sectors like food, trade, and logistics, especially where tech penetration is low but margins can scale.

2️⃣ | Crypto Gets Real: Peach Payments x MoneyBadger Bring Bitcoin Checkout to SA 🪙

In a major mainstream crypto moment, Peach Payments has partnered with MoneyBadger to enable BTC payments across its merchant network in South Africa. From hardware stores to lighting retailers, real-world bitcoin checkout is now live.

💡 VC Lens: This is a turning point, crypto isn’t just speculative, it’s functional. With this PSP-led integration, crypto payments are being normalized through retail, not fintech hype. Watch for more PSPs leaning into Web3 rails.

1️⃣ | Flood Raises $2.5M to Power “SuperApp Infra” for Emerging Markets 🌊

South African startup Flood closed a $2.5M seed round to scale its API-first platform that lets telcos, banks, and SMEs launch full marketplaces from scratch. With 8,000+ merchants and 28% DAU in test regions, Flood is abstracting the complexity of clicks-to-bricks commerce.

💡 VC Lens: Infra-layer plays are gaining serious traction. Zero-code platforms that embed commerce and loyalty into existing consumer apps are the future of scaling retail in emerging markets without needing another app download.

👀 Investor Spotlight: Cubit Ventures 👀

📍 Cairo, Egypt 🇪🇬 | Est. 2022

Cubit Ventures is a seed-stage VC fund backing bold founders driving digital transformation across North Africa.

Inspired by the precision of Egypt’s ancient measurement systems, Cubit invests with the same rigor, betting early on scalable tech startups poised to go regional and global.

🧠 Thesis:

Cubit invests in founder-led companies building core tech infrastructure and high-impact digital products across fintech, healthtech, logistics, and productivity. With a “measure what matters” mindset, Cubit helps early-stage startups validate models, sharpen product-market fit, and scale with confidence.

🌍 Geographic Focus:

North Africa 🇪🇬 🇲🇦 🇹🇳

With selective pan-African and diaspora plays 🌍

💸 Check Size & Stage:

• Seed and pre-seed rounds

• Ticket sizes: typically $100K–$500K

• Sector-agnostic, but tech-first

🔗 Approach:

• Local conviction + Global lens

• Hands-on founder support across product, hiring, and go-to-market

• Network of local LPs, diaspora mentors, and follow-on VC partners

• Portfolio-first mentality with active involvement post-investment

💡 Vibe:

Thesis-driven, founder-aligned, and regionally obsessed. Cubit blends Cairo street smarts with global ambition—arming North Africa’s next unicorns with capital, clarity, and conviction. A modern VC firm rooted in ancient precision. 🔺

⟹ 📺️ MEDIA WATCH 📺️  ⟸

Here are the 5 key things in the news this week that you need to know:

1. LemFi CEO shares origin story and lessons for founders at Pitch2Win - Techcabal

2. SA’s Flood raises $2.5m to digitise offline commerce in emerging markets - Disrupt Africa

3. Chowdeck hits 1,000 daily orders in Ghana in three months, a feat that took thrice longer in Nigeria  - Techcabal

4. Egypt’s Suplyd raises $2m to enhance restaurants’ supply chain beyond distribution - Disrupt Africa

5. SA’s Peach Payments, MoneyBadger partner to enable bitcoin payments - Disrupt Africa

And that’s your weekly dosage of the African startup ecosystem; thanks for reading.

Have a lovely rest of the week.

Gitonga, the Stoic Founder at StartupHub.Africa 🚀

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