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Tanzania

10–100 Companies
Companies

Growing

20
Funding and Acquisitions

2017 Q1

2 + 0
TechMoran

Kudi, PayPal for Africa, over messaging accepted into Y Combinator

$750,000 Seed fund
Disrupt Africa

Tanzania’s Jamii raises $750k funding for expansion

$28,000,000 Venture capital
The Telegraph

Fastjet raises $28m and welcomes new major shareholder in bid to stabilise turbulent business

Acquisition
TechMoran

Liquid Telecom acquires Raha, Tanzania’s leading ISP marking its entry into Tanzania

Global ISPs
TechMoran

Off Grid Electric partners EDF to offer off-grid solar power solutions in in Ivory Coast

$3,860,000 Venture capital (Series B)
The Bridge

Wassha, power supplier for off-grid Africa, secures $3M series B from Japan aid agency

Asia Funding Energy
$8,000,000 Debt financing
TechMoran

Off Grid Electric secures $18 Million from Helios Investment Partners & responsAbility to power Africa

$20,000,000 Venture capital
CPI Financial

Vantage Capital provides $20 million expansion funding for Landmark Africa

Funding Global
€500,000 Angel
Venture Capital for Africa

Tanzanian e-commerce start-up Tupomoja gets 500k Euro angel funding to expand in East Africa

TechMoran

Tupomoja Wants to Simplify Online Buying & Selling in Tanzania

Undisclosed funding
FinSMEs

Off Grid Electric Receives Investment from Electranova Capital US

Funding Energy
$5,000,000 Grant
TechMoran

USAID Awards $5 Million to Off Grid Electric to Help it Start-Up Reach 1 Million Homes in Tanzania

Global
$7,000,000 Debt financing
renewableenergyworld

Tanzania Rooftop Solar Gets a $7 Million Boost

$25,000,000 Venture capital (Series C)
greentechmedia

Off-Grid Electric Raises $25M From DBL Partners and SolarCity for Micro-Solar Leasing in Africa

Business Insider

Anonymous is supporting a new privacy-focused social network that takes aim at Facebook's shady practices

Venture capital (Series A)
TechMoran

Tanzania’s Kupatana.com Raises Undisclosed Funding From Frontier Digital Ventures to Expand Across East Africa

$16,000,000 Venture capital (Series B)
TechCrunch

Off Grid Electric Raises $16M To Let Africans Pre-Pay For Solar Energy Just Like Phones