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1. TRACXN MONTHLY REPORT
JUNE 2021
AFRICA TECH

2. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Africa Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 9
New Analyst Picks 10
Acquisitions 13
Recent News 14

3. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Africa Tech Snapshot – June 2021
Africa Tech: Snapshot – June 2021
Note : "Investors" refers to "Institutional Investors" only
3
$86.5M
8
Overall Geo Stats
18
7
42
33
15
Funding Rounds $ Invested Analyst Picks
Trella Upgraded to
MINICORN
New Investors
SBI Holdings
Global Brain
Series A+ rounds Active Investors IPOs Acquisitions
DabaDoc#@
Sybrin#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Nairobi
(3 Rounds, $5.5M)
Cairo
(2 Rounds, $30M)
Accra
(2 Rounds, $7.9M)
Cape Town
(1 Rounds, $14.5M)
$30M - Series A
Trella (2018, Cairo, $30.8M)
$21M - Series B
Capex (2016, Umhlanga, $21M)
$14.5M - Series A
WhereIsMyTransport (2015, London,
$27.8M)
$7.9M - Series A
ZeePay (2014, Accra, $9.1M)
Naspers
(1 Investments)
Google
(1 Investments)
Flat6Labs
(1 Investments)
Endeavor
(1 Investments)
Logistics Tech
Trella
Investment Tech
Capex
Geographic Information Systems
WhereIsMyTransport
Data as a Service
Market Size
Companies Covered 16,911
Funded Companies 2,191
Total Funding $7.2B
Funding in last 12 months $870M
Top Exits
IPOs 37
Acquisitions 239
Company Stage
Unicorns -
Soonicorns 13
Minicorns 100
Editor Picks 844
Series A+ 297
Series C+ 78
Acqui-Hires 4
Deadpooled 1,876
Top Cities
Cape Town (257 Rounds, $707M)
Lagos (253 Rounds, $1.4B)
Top Investors
Flat6Labs (50 Investments)
Y Combinator (39 Investments)

4. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Africa Tech as of June 2021
Africa Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (June 2021)*
Trella
(2018, Cairo, $30.8M)
$30.0M - Series A Raed Ventures
Capex
(2016, Umhlanga, $21.0M)
$21.0M - Series B Growth Box Ventures
WhereIsMyTransport
(2015, London, $27.8M)
$14.5M - Series A Naspers
ZeePay
(2014, Accra, $9.1M)
$7.9M - Series A Investisseurs & Partenaires
Skygarden
(2015, Nairobi, $5.3M)
$4.0M - Series A SANAD
Hyperion Development
(2012, Durban, $6.1M)
$3.6M - Series A
Healthforce
(2018, Johannesburg, $3.0M)
$3.0M - Seed Webrock Ventures
appsNmobile
(2015, Legon, $1.0M)
$1.0M - Seed Oasis Capital Ghana
Kune
(2020, Nairobi, $1.0M)
$1.0M - Seed Launch Africa
Kibanda Topup
(2021, Nairobi, $460K)
$460K - Seed JAM Fund
*Shows only the lead Investors

5. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Africa Tech in June 2021
Africa Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
Series C
BetKing (2018, Ikeja, $83.1M)
Online gambling platform offering multi-category
sports betting services
MultiChoice
EARLY STAGE
$3.6M - Series A
Hyperion Development (2012, Durban, $6.1M)
MOOC for software development
EARLY STAGE
$4.0M - Series A
Skygarden (2015, Nairobi, $5.3M)
Online marketplace for multi-category products
SANAD, Aavishkaar Capital, Uncovered Fund, KSK Angel
Fund
EARLY STAGE
$7.9M - Series A
ZeePay (2014, Accra, $9.1M)
Mobile wallet and remittance platform
Investisseurs & Partenaires, Ark Invest ETFs, GOODsoil
EARLY STAGE
$14.5M - Series A
WhereIsMyTransport (2015, London, $27.8M)
Provider of Saas-enabled data collection and
management solutions
Naspers, SBI Holdings, Google, WURI, Capria, and 5
more
EARLY STAGE
$21.0M - Series B
Capex (2016, Umhlanga, $21.0M)
Trading platform focused on multiple assets
Moore, Growth Box Ventures
EARLY STAGE
$30.0M - Series A
Trella (2018, Cairo, $30.8M)
Online marketplace for freight transportation services
Raed Ventures, Maersk Oil Trading, Algebra Ventures,
Venture Souq, Flexport, and 3 more
EARLY STAGE
Series A
Speedaf (2019, Accra)
Online platform providing logistics services
Northern Light Venture Capital, Yuan Jing Capital
SEED STAGE
$460.0K - Seed
Kibanda Topup (2021, Nairobi, $460.0K)
Online platform offering multi-category grocery
supplies
JAM Fund, Gregory Rockson, Cem Garih

6. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Africa Tech in June 2021
Africa Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
SEED STAGE
$1.0M - Seed
Kune (2020, Nairobi, $1.0M)
Internet first restaurant offering food delivery
Launch Africa, Pariti, Consonance Capital Partners,
Century Oak Capital
SEED STAGE
$1.0M - Seed
appsNmobile (2015, Legon, $1.0M)
Payment processing solution for businesses
Oasis Capital Ghana
SEED STAGE
$3.0M - Seed
Healthforce (2018, Johannesburg, $3.0M)
Software for practice management systems for nurses
and clinics
Webrock Ventures
SEED STAGE
Seed
Tejarra (2020, Cairo)
Online marketplace offering multi-category electronics
products
Openner
SEED STAGE
Seed
Sendmarc (2018, Rosebank)
Cloud based email security compliance management
tools provider
Endeavor, Kalon Venture Partners
SEED STAGE
Seed
GamesBandy (2020, )
Online marketplace offering in-game assets
Flat6Labs, Tamkeen

7. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Africa Tech in June 2021
Africa Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
SBI Holdings
61 portfolio companies | Institutional financial services
WhereIsMyTransport
Provider of Saas-enabled data collection and management solutions
$14.50M Series A
Global Brain
147 portfolio companies | Tech focused stage agonistic VC firm investing in
Japan & the US
WhereIsMyTransport
Provider of Saas-enabled data collection and management solutions
$14.50M Series A
Northern Light Venture Capital
198 portfolio companies | VC firm focusing on China based startups
Speedaf
Online platform providing logistics services
Undisclosed Series A
Aavishkaar Capital
65 portfolio companies | Venture capital firm backed by Aavishkar Group
Skygarden
Online marketplace for multi-category products
$4.00M Series A
Maersk Oil Trading
15 portfolio companies | Conglomerate providing services to logistics, oil & gas
industries
Trella
Online marketplace for freight transportation services
$30.00M Series A
Mission Gate
1 portfolio companies | Venture capital firm investing in seed & early-stage
startups
WhereIsMyTransport
Provider of Saas-enabled data collection and management solutions
$14.50M Series A
Ark Invest ETFs
3 portfolio companies | ETFs based on disruptive innovation
ZeePay
Mobile wallet and remittance platform
$7.90M Series A
Capria
8 portfolio companies | Early stage startups focused VC fund operating across
Asia, Africa & Latin America
WhereIsMyTransport
Provider of Saas-enabled data collection and management solutions
$14.50M Series A
Tamkeen
2 portfolio companies | Provider of HR consulting services
GamesBandy
Online marketplace offering in-game assets
Undisclosed Seed
Webrock Ventures
4 portfolio companies | Sector agnostic venture capital firm
Healthforce
Software for practice management systems for nurses and clinics
$3.00M Seed

8. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Africa Tech in June 2021
Africa Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Oasis Capital Ghana
1 portfolio companies | Offline-focused PE & VC firm investing primarily in
Ghana
appsNmobile
Payment processing solution for businesses
$1.00M Seed
KDDI Ventures Program
3 portfolio companies | Startup accelerator firm backed by KDDI
WhereIsMyTransport
Provider of Saas-enabled data collection and management solutions
$14.50M Series A
SANAD
3 portfolio companies | Variable capital investment firm
Skygarden
Online marketplace for multi-category products
$4.00M Series A
KSK Angel Fund
3 portfolio companies | Venture capital firm investing in multiple sectors
Skygarden
Online marketplace for multi-category products
$4.00M Series A
Growth Box Ventures
2 portfolio companies | Venture capital fund focused on seed stage startups
Capex
Trading platform focused on multiple assets
$21.00M Series B
Endeavor
3 portfolio companies | Endeavor South Africa
Sendmarc
Cloud based email security compliance management tools provider
Undisclosed Seed
Pariti
1 portfolio companies | End-to-End freelance workforce management platform
provider
Kune
Internet first restaurant offering food delivery
$1.00M Seed
Openner
1 portfolio companies | Sector agnostic startup accelerator
Tejarra
Online marketplace offering multi-category electronics products
Undisclosed Seed

9. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲47 Digital Native Retail Banks $145M 3 TymeBank | $110M | Series B
2 -- Banking Software Suite $110M 1 TYME | $110M | Series B
3 -- RegTech > KYC $110M 1 TYME | $110M | Series B
4 -- Sports Betting Platforms $83.1M 2 BetKing | $83.1M | Series C
5 -- Sports Betting Platforms $83.1M 2 BetKing | $83.1M | Series C
6 ▼-3 Internet First Loans Marketplace $53.0M 2 Jumo | $52.0M | Series C
7 ▼-6 Business Payments Solutions $38.0M 6 Adumo | $15.0M | Series B
8 ▲14 Farming as a Service $31.6M 2 Komaza | $28.0M | Series B
9 ▼-5 Truck Booking Marketplace $30.5M 5 Trella | $30.0M | Series A
10 -- Internet First Working Capital Loans Marketplaces $17.3M 3 Adumo | $15.0M | Series B

10. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/3)
Interesting Companies identified by Analysts in Africa Tech in June 2021
Africa Tech: Analyst Picks
10
Upgraded to MINICORN
Trella (2018, Cairo, $150K, Seed)
Online marketplace for freight transportation services
Flexport, Raed Ventures, Algebra Ventures and 10
other Investors
Upgraded to MINICORN
ZeePay (2014, Accra, $940K, Seed)
Mobile wallet and remittance platform
Investisseurs & Partenaires, First National Bank Ghana,
and 2 other Investors
Upgraded to MINICORN
Hyperion Development (2012, Durban, $2.5M,
Seed)
MOOC for software development
Facebook, Google, Python and 1 other Investors
Upgraded to MINICORN
Capex (2016, Umhlanga, $21.0M, Series B)
Trading platform focused on multiple assets
Moore,Growth Box Venturesand
Added to Editor's Pick
Xend Finance (2019, Lagos, $1.5M, Seed)
Defi savings platform for credit unions and
cooperatives
NGC, AU21 Capital, TRG Capital and 5 other Investors
Added to Editor's Pick
EskomSePush (2015, Cape Town, Unfunded)
Provider of load shedding notification app
Added to Editor's Pick
Moya (2018, Cape Town, Unfunded)
App-based platform for messaging and calling
Added to Editor's Pick
XCredit (2019, Lagos, Unfunded)
App-based platform for personal loans
Added to Editor's Pick
ATPS (2019, Dakar, Unfunded)
Payment processing solutions for businesses
Added to Editor's Pick
Kune (2020, Nairobi, $1.0M, Seed)
Internet first restaurant offering food delivery
Pariti, Century Oak Capital, Consonance Capital
Partners and 1 other Investors
Added to Editor's Pick
GamesBandy (2020, , Undisclosed, Seed)
Online marketplace offering in-game assets
Flat6Labs,Tamkeenand
Added to Editor's Pick
MANTRA DAO (2020, Victoria, Unfunded)
Blockchain-enabled wallet for tokens and digital assets
Vendetta Capital, Waterdrip Capital, Fairum and 3
other Investors

11. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/3)
Interesting Companies identified by Analysts in Africa Tech in June 2021
Africa Tech: Analyst Picks
11
Added to Editor's Pick
AiCare (2020, Nairobi, Undisclosed, Seed)
AI-enabled platform offering risk assessment solutions
Antler,Mobility 54,CFAO Groupand
Added to Editor's Pick
Sendmarc (2018, Rosebank, Undisclosed, Seed)
Cloud based email security compliance management
tools provider
Kalon Venture Partners,Endeavorand
Added to Editor's Pick
Healthforce (2018, Johannesburg, $3.0M, Seed)
Software for practice management systems for nurses
and clinics
Webrock Venturesand
Added to Editor's Pick
Kibanda Topup (2021, Nairobi, $460K, Seed)
Online platform offering multi-category grocery
supplies
JAM Fund,Cem Garih,Gregory Rocksonand
Added to Editor's Pick
Tejarra (2020, Cairo, Undisclosed, Seed)
Online marketplace offering multi-category electronics
products
Opennerand
Added to Editor's Pick
Plentify (2008, Cape Town, Unfunded)
Provider of smart grid optimisers
Added to Editor's Pick
HelloDocteur (2020, Douala, Unfunded)
Provider of an online platform for doctor
teleconsultation
Added to Editor's Pick
Gist Alerts (2020, Lagos, Unfunded)
App-based platform offering multi-category news
Added to Editor's Pick
Healthier Kenya (2020, Nairobi, Unfunded)
Online platform offering multiple healthcare services
Added to Editor's Pick
Urban Utilities (2003, Fourways, Unfunded)
Cloud-based utility management software for rental
properties
Added to Editor's Pick
Fedena (2021, Kikuyu, Unfunded)
Web & SaaS-based platform providing school
management software
Added to Editor's Pick
Talentino Bot (2020, Cairo, Unfunded)
AI-based recruitment chatbot for enterprises

12. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (3/3)
Interesting Companies identified by Analysts in Africa Tech in June 2021
Africa Tech: Analyst Picks
12
Added to Editor's Pick
AgroMall (2017, Lekki, Unfunded)
Platform offering tech-based services to farmers
Added to Editor's Pick
doctorsnearme (2019, Bedfordview, Unfunded)
Provider of listing and appointment booking solutions
for individuals
Added to Editor's Pick
Strix Technology (2015, Pretoria, Unfunded)
Mobile-based application for virtual collaboration
space
Added to Editor's Pick
TAWA (2020, Ariana, Unfunded)
Platform offering software for influencer marketing
Added to Editor's Pick
ADAMM (2020, Pretoria, Unfunded)
Provider of a wearable asthma monitoring device
Added to Editor's Pick
Maileon (2020, Unfunded)
Cloud based email marketing software solution
provider
Added to Editor's Pick
MaxERP (2020, Nairobi, Unfunded)
Cloud-based open-source ERP software provider
Added to Editor's Pick
Contellect (2017, Unfunded)
Cloud-based software for enterprise content
management
Added to Editor's Pick
Edit Virtually Anywhere (2020, Johannesburg,
Unfunded)
Online remote editing platform for the film & TV
industry

13. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Africa Tech in June 2021
Africa Tech: Acquisitions
13
Acq. Date Company Acquirer Deal Size
07 Jun 2021
DabaDoc(2013, Casablanca)
Online doctor appointments in Morocco
Orange
08 Jun 2021
Sybrin(1991, Sandton)
Low code BPM platform
$24.8M
15 Jun 2021
Digiduka(2019, Nairobi)
Agent-based payment solutions
MarketForce360
16 Jun 2021
Ad Dynamo(2009, Cape Town)
Contextual advertising marketplace
Aleph
23 Jun 2021
Wizzpass(2015, Johannesburg, $0.0M)
Parking solutions system and app
FM Systems
25 Jun 2021
Giraffe(2015, Johannesburg)
Medium skilled job board
Harambee
28 Jun 2021
Cars45(2016, Lagos, $5.0M)
Online C2B car buying platform
Jiji.ng

14. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Africa Tech in June 2021
Africa Tech:News
14
Exit News
.
● Jiji acquires Cars45 as it looks to build a future outside classifieds TechCrunch
.
● Orange, AXA buy majority stake in Moroccan e-health startup DabaDoc Disrupt
Africa
.
● SA’s Harambee Youth Accelerator acquires jobs platform startup Giraffe Tech In
Africa
.
● FM:Systems Acquires WizzPass, Gaining Best-in-Class Visitor Management
Technology FM Systems
.
● Corsair-backed Axo to buy Danish loan broker LendMe PE Hub
.
● Kenya’s MarketForce acquires Digiduka to consolidate distribution of
consumer goods Disrupt Africa
.
● EOH agrees to sell Sybrin unit for R334-million TechCentral
.
● Goodleaf Merges With Highlands Investments, Formerly Canopy Growth Africa
CNW
.
People News
.

15. Africa Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Explore more about Africa Tech on Tracxn Platform
Africa Tech: Explore more on Tracxn Platform
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