Mobius Motors Acquired💰️

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⟹ 🚀 STARTUPS WATCH 🚀 ⟸

Here are the 5 top startups in the African eco-system we think you need to know:

COLNN is a school management software provider based in Giza, Egypt, and was established in 2012. Its mission is to simplify daily administrative tasks and enhance communication between schools, parents, and students. Inspired by "Collaboration with Annotation," COLNN streamlines attendance, scheduling, homework, and document management for efficient school operations.

COLNN also offers a consultant team that customizes development plans to each school’s unique needs, reducing paperwork and costs while boosting engagement and parental involvement. Join the growing network of schools transforming education with smart management and collaborative innovation.

Ma-Navette is a top transport and private driver platform connecting individuals and corporates with reliable drivers 24/7. Founded in 2010, it offers a seamless booking experience via its app and website with a fleet of eco and luxury sedans and vans at fixed prices.

Leveraging real-time tracking and geolocation, Ma-Navette ensures efficient ride management and prompt service. Their 24/7 hotline and responsive support deliver a smooth travel experience for every journey.

Logidoo is a digital logistics platform revolutionizing trade across Africa by establishing intelligent multimodal logistics corridors. With solutions including instant quoting, real-time shipment tracking, secure document management, and comprehensive post-shipment services, Logidoo optimizes logistics operations, ensuring fast, secure, and cost-effective delivery.

Serving over 2,000 transporters and 600+ e-commerce businesses across 8 African countries, Logidoo's mission is to enhance connectivity and foster intra-African trade. Backed by recent funding rounds totaling $1.5M, the startup is positioned to significantly expand its logistics network and drive economic integration across the continent. 🚚🌍

⟹ 💼 💰️ VENTURE CAPITAL WATCH 💼 💰️ ⟸

Egyptian fintech Basata acquired a 25% stake in Jordan’s MadfoatCom, enhancing regional digital financial inclusion. Basata, known for its mobile money, bill payments, and supply chain solutions, sees this strategic investment as key to expanding its digital payments infrastructure across North Africa and the Middle East.

Global VC firm Capria Ventures, managing over $207M, plans to back two more African Series A startups with investments of between $1 and $3 million. Capria targets sectors like fintech, agtech, and B2B SaaS and has a direct portfolio that includes Moniepoint, Paymob, and SeamlessHR.

In Morocco, superapp ORA Technologies secured $1.9M in pre-Series A funding led by Witamax and Azur Innovation Fund, aiming to scale its food delivery and digital payments solutions, highlighting Morocco’s growing prominence as Africa’s next big tech hub.

Middle East-based investor Silver Box has acquired Kenyan automaker Mobius Motors, ending months of financial uncertainty. Silver Box appointed John Kavila as COO, aiming to relaunch production and expand Mobius’ rugged, affordable SUV lineup for African roads by year-end.

These moves underline growing VC confidence in Africa’s innovation potential, particularly in fintech, ed-tech, and digital transformation amid the funding winter.

👀 This week’s featured investor is 216 Capital. 👀

216 Capital is a Tunis-based early-stage venture capital firm founded by experienced entrepreneurs and investors, dedicated to backing ambitious tech founders transforming key sectors across Africa. Founded by a team deeply embedded in entrepreneurship, 216 Capital supports startups with funding, strategic mentorship, and introductions to vital industry connections, driving growth and creating sustainable value.

Their diverse portfolio spans fintech, logistics, healthtech, and SaaS, including startups such as:

• Arcube: Enhancing airline customer loyalty through advanced ancillary revenue management systems.

• Proxalys, digitizing invoicing and strengthening cash flow for SMEs.

• Logidoo, a digital solution streamlining logistics operations across Africa.

• eSteps, creators of smart insoles for real-time monitoring of health metrics related to human movement.

• Avidea empowers insurers with digital auto-claim solutions focused on customer experience and fraud prevention.

216 Capital leverages a powerful network of investors and industry experts, helping portfolio companies scale rapidly and sustainably across Africa’s vibrant tech landscape.

Explore more about their investments and vision at 216capital.vc. 🌍💼

⟹ 📺️ MEDIA WATCH 📺️  ⟸

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

1. Egyptian fintech startup Basata acquires additional stake in Jordan’s MadfoatCom - Disrupt Africa

2. Silver Box acquires Kenya’s Mobius Motors after failed rescue attempts - Techcabal

3. Moroccan super app ORA Technologies secures $1.9m pre-Series A - Disrupt Africa

4. Capria VC wants to back two more African Series A startups with $1-$3 million each - Techcabal

5. Kenyan electric bus startup BasiGo delivers 28 new vehicles in Rwanda  - Disrupt Africa

And that’s your weekly dosage of the African startup ecosystem! If you have any comments or feedback, just respond to this email. We are always looking to hear from our community.

Thanks for reading. Enjoy the rest of your weekend!

Gitonga, the Stoic Founder at StartupHub.Africa 🚀

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