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- 🚨 eBee’s Big Fall? Kenya’s eBee Just Slashed 90% of Its Team.
🚨 eBee’s Big Fall? Kenya’s eBee Just Slashed 90% of Its Team.
💰 Breadfast raises $10M | 🛵 eBee scales back and lays off staff | 💰 AyaHQ raising $10M |
Hello, and hope you had a great week.
Welcome to this week’s edition of The Startups Chronicle, proudly brought to you by Startup Hub Africa 🚀— spotlighting the signals, startups, and capital flows rewriting the rules across the continent.
Until the lion learns to write, every story will glorify the hunter.
Here’s what’s making waves as we power through August 2025:
💰 AyaHQ raising $10M to power Web3 campus and founder collective
Ghana’s AyaHQ is betting on community-powered crypto. It’s raising $10M to launch a Web3 founder campus in Accra and fund a microfund for early-stage startups. The startup already incubates 50+ ventures, and shares equity across its founder network.
🛵 eBee scales back after slow e-bike adoption and major layoffs
Kenya’s eBee has quietly laid off nearly all of its 50-person team after struggling to move its $774 electric bikes in a price-sensitive delivery market. Despite partnerships with Jumia and Glovo, uptake lagged. The startup is restructuring around a leaner model, post-CEO exit, and tax dispute with the State.
🛒 Breadfast raises $10M to expand q-commerce and fintech play
Egypt’s Breadfast just raised $10M (Series B2), pushing its valuation to $400M. What began with baked goods has evolved into a super-app: groceries, payments, and now Breadfast Pay, a digital wallet with branded cards and savings tools. The new cash will fuel fulfillment center rollouts and fintech growth across Egypt’s biggest cities.
🤖 Hypeo AI raises funding to automate influencer campaigns across MENA
Morocco’s Hypeo AI has raised an undisclosed round from Renew Capital to scale its AI-powered influencer engine. The platform helps brands launch campaigns in under 15 minutes — matching creators (human and AI) with brands and tracking performance end-to-end.
It’s smart infrastructure for MENA’s booming creator economy — and a bet on automation over agencies.
💸 Japan steps in: Uncovered Fund & Monex launch $20M Africa-focused VC
Uncovered Fund and Japan’s Monex are co-leading a $20M VC fund targeting 30 startups across Africa and MENA. Cheque sizes range from $100K to $2M, with debt funding in play too. Key focus areas? Fintech, climate tech, logistics, and scalable retail.
It’s another sign that Japan’s pivot from aid to strategic capital is real — and ramping up fast
Africa’s startup vibe this week?
Focused, disciplined, and quietly building rails; from Nairobi restructures to Tokyo capital and AI-powered creator stacks. Let’s keep building. 🚀
⟹ 🚀 STARTUPS WATCH 🚀 ⟸
Here are the 3 top startups in the African ecosystem I think you need to know:
![]() | 🌟 Name ➜ Qwili 🏭️ Industry ➜ Manufacturing 📆 Founded ➜ 2018 📍 Location ➜ Western Cape, SA 🇿🇦 💰️ Funding Raised ➜ $1M 🧑🤝🧑 No. Of Employees ➜ 2-10 👥 Founders
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Qwili is digitizing Africa’s informal economy by turning everyday smartphones into powerful commerce engines. Its hybrid platform empowers over 4,800 merchants to sell essential digital services — from airtime and electricity to bus tickets and appliances — directly to more than 220,000 customers across South Africa.
With just R50 and a smartphone, anyone can launch a business on Qwili. For merchants without smart devices, Qwili offers discounted handsets and flexible onboarding, making digital entrepreneurship radically accessible.
The platform processes over 6,600 daily transactions and features a seamless wallet top-up system, a commissions engine, and a merchant app that works even without an email address.
![]() | 🌟 Name ➜ Nuraeb 🏭️ Industry ➜ Healthcare 📆 Founded ➜ 2020 📍 Location ➜ Cairo, Egypt 🇪🇬 💰️ Funding Raised ➜ $32K 🧑🤝🧑 No. Of Employees ➜ 2 - 10 👥 Founders
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Nureab is Africa and the Middle East’s first rehabilitation robotics manufacturer, pioneering medical innovation from its base in Cairo, Egypt. With patented products like the Hand Rehabilitation Robot, Nureab delivers tech-enabled physiotherapy tools that accelerate motor recovery, reduce pain, and restore mobility for patients with hand injuries and other motor impairments.
Designed with doctors and patients in mind, Nureab’s devices combine precision robotics with intuitive software — offering affordable, research-backed solutions that speed up healing by over 50%. As the regional leader in rehab robotics, Nureab is redefining how physical therapy is delivered across emerging health systems.
![]() | 🌟 Name ➜ MilkDiamond 🏭️ Industry ➜ AgTech 📆 Founded ➜ 2015 📍 Location ➜ Cairo, Egypt 🇪🇬 💰️ Funding Raised ➜ $5M 🧑🤝🧑 No. Of Employees ➜ 11-50 👥 Founders
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Milk Diamond is modernizing dairy farming across Africa and the Middle East with smart, scalable AgTech solutions. Based in Egypt, the company supplies milking systems, barn infrastructure, feeding equipment, and cooling technologies — all engineered to maximize productivity and profitability for small to large-scale dairy operations.
With clients in over 5 countries and over 46,000 animals cared for through its systems, Milk Diamond combines high-performance equipment with turnkey project delivery — from farm layout to patented calf boxes and stainless milking components. It’s AgTech with a mission: drive yields, cut costs, and create healthier farms through innovation.
⟹ 💼 💰️ VENTURE CAPITAL WATCH 💼 💰️ ⟸
🚀 This Week in African VC: Studio Collapse, Local Rounds & Savings Reinvented
3️⃣ | $10M Raise Incoming: AyaHQ bets big on Web3 community building 🇬🇭
Ghana-based AyaHQ is raising $10M to fund a dual strategy: a Web3 founder campus in Accra and a $5M microfund for early-stage crypto startups across Africa. With 50+ ventures already incubated and a radical equity-sharing model, Aya is pioneering a collective-first approach to crypto in emerging markets.
📊 Strategic Angle: The raise will fund tech campuses in Accra and Kilifi, a blockchain dev platform (AyaLabs), and startup investments via equity-backed residencies.
🔍 Investor Insight: AyaHQ is not building another DAO — it’s building the infrastructure layer for talent, trust, and tokenized ownership in Africa’s next crypto cycle.
2️⃣ | $20M Fund Launch: Japan’s Uncovered & Monex partner on Africa/MENA VC 🇯🇵
Japanese VC Uncovered Fund and Monex Group have teamed up to launch the Uncovered Monex Africa Investment Partnership (UMAIP) — a $20M fund targeting 30 early-stage startups in Africa and the Middle East.
With $100K–$2M tickets and debt financing in play, the fund brings Japanese tech, capital, and M&A interest into Africa’s startup game.
📈 Market Signal: Japan is shifting from aid to de-risked, strategic capital — with fintech, logistics, retail, and climate tech at the forefront.
💡 Investor Insight: UMAIP isn’t just money; it’s a pipeline to Japanese distribution, exits, and IP transfer. Expect more LPs from Asia to follow.
1️⃣ | Undisclosed Round: Hypeo AI scales automated influencer campaigns 🇲🇦
Morocco’s Hypeo AI closed an undisclosed funding round from Renew Capital to power its AI-powered influencer marketing engine. The platform auto-matches brands with human and AI creators in under 15 minutes, streamlining everything from pricing to performance tracking across MENA.
📊 Creator Economy Trend: Influencer marketing in Africa is growing fast — but still fragmented. Hypeo is betting that automation beats agencies.
🔍 Investor Insight: As social commerce scales, smart tooling is king. Hypeo’s speed-to-campaign and AI focus make it a middleware play for the MENA creator stack.
👀 Investor Spotlight: LeapFrog Investments 👀
📍London, United Kingdom 🇬🇧 | Est. 2007
LeapFrog is the global kingpin of Profit with Purpose — backing high-growth businesses across Africa and Asia to deliver exponential growth and deep social impact. With over 559M lives reached, $7.1B in portfolio revenue, and 33M jobs supported, LeapFrog is showing the world that emerging market investing doesn’t have to trade off impact for returns.
🧠 Thesis:
Invests in “essential services at scale” — financial inclusion, healthcare access, and now climate solutions — for the next billion consumers. Focused on companies that can deliver affordability, access, and exponential scale in underserved markets. Think MSME lenders, solar distributors, inclusive insurtech, and diagnostics.
🌍 Geographic Focus:
Africa 🌍 + Asia 🌏 | 30+ countries and counting
Key markets: India 🇮🇳, Kenya 🇰🇪, Nigeria 🇳🇬, Egypt 🇪🇬, Indonesia 🇮🇩
💸 Check Size & Stage:
• Growth-stage and mature-stage equity, typically $10M–$50M+
• Full buyouts (e.g., Goodlife Pharmacy), strategic exits (e.g., Fincare, Northern Arc), and large GP-led secondaries
• Deep follow-on capital to scale proven models
🔗 Approach:
• ESG + impact baked in — with real-time impact metrics at the portfolio level
• Builds operating leverage and governance depth to unlock hypergrowth
• LPs include IFC, Temasek, Prudential, AXA — major institutional firepower behind their funds
💡 Vibe:
Big-ticket, big-picture, bold impact.
LeapFrog isn’t dabbling in impact — it’s defining the category. This is where pension capital, insurance LPs, and DFIs converge to build the future of inclusive capitalism.
⟹ 📺️ MEDIA WATCH 📺️ ⟸
Here are the 5 key things in the news this week that you need to know:
eBee lays off employees across all departments in major restructuring - Techcabal
Egyptian quick-commerce startup Breadfast raises $10m Series B2 funding - Disrupt Africa
AyaHQ is raising $10 million to build a Web3 talent ecosystem - Techcabal
REdimension Capital closes $10.5m fund to shake up SA’s prop-tech scene - Disrupt Africa
Moroccan influencer marketing startup Hypeo Ai secures funding - 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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