Funding Archives - HabeshaLink

Ethiopia, Kenya-based Startup Kubik Closes $3.34 Million Seed Funding Round

Kubik, a startup based in Ethiopia and Kenya that specializes in converting plastic waste into building materials, has disclosed it has completed its seed funding round, raising $3.34 million.

In a Press release sent to Shega Kubik stated that it intends to use its new capital to increase production of building materials in Ethiopia before expanding to other countries in Africa.

“We are delighted to have achieved this significant milestone in our fundraising efforts,” said Kidus Asfaw, Co-Founder and CEO of Kubik. “This investment will fuel our growth and enable us to enhance our team as we continue to advance the development of affordable housing solutions across the African...

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ICJ, Kazana Offer Ethiopian Startups Opportunity to Secure Up to $500,000 in Funding, Announce GoodayOn Nearing Investment Closure

The Tokyo-based venture capital firm Inclusion Japan (ICJ), in partnership with Kazana Group, calls on Ethiopian startups with pitch-ready ideas looking to secure significant capital funds, to take advantage of its upcoming exclusive event with an opportunity to secure capital ranging from $100,000 to $500,000.

Local startups applying for the opportunity will have the chance to meet and discuss with senior executives from ICJ and Kazana Group where they can pitch their ideas, as well as have a chance to become one of the eight startup businesses to receive a 100,000 birr prize along with the prospect of future investment from ICJ for a winning pitch.

Teams wishing to meet with ICJ are...

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Six Ethiopian Startups Receive 500K Birr Funding from NINIJA Accelerator

The Japan International Cooperation Agency (JICA) and the Ministry of Innovation and Technology of Ethiopia (MinT) are kicking off the NINIJA acceleration program with six Ethiopian startups landing 500,000 birr in funding.

The program, which aims to support exceptional startups that address social issues and contribute to economic growth and employment in Ethiopia, selected Taywan, Fibermart Trading, Gebeta Software, Guzo Technologies, Sehamch, and Wecare from around 100 applicants.

As part of the program, these startups will undergo Proof of Concept (PoC) with JICA and receive four months of business development training. Additionally, the selected startups will fly to Japan in mid-2023...

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Renew Capital Gets Funding to Expand Blended Finance Across East Africa

Renew Capital, an Africa-focused impact investment firm, has announced a seven-year partnership with funding from the Canadian government to expand its successful blended finance model across East Africa.

The newly formed partnership, giving rise to the Accelerating Regional Business Growth (ARBG) program, seeks to boost regional economic integration and extend technical aid and support to small and medium-sized enterprises (SMEs) in job creation, investment facilitation, and gender equality.

For the past decade, Renew has been investing in Ethiopia using blended finance, combining private capital with public funding, grants, and other financial instruments to reduce the financial risks...

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A2SV Receives Funding from Google

Africa to Silicon Valley (A2SV), an Addis Ababa-based Foundation that nurtures tech talent has announced that it has received funding from Google.

Google’s funding will allow A2SV, which has been operating out of Addis Ababa University, to establish a permanent office in Ethiopia and hire more heads of education and a product manager.

The funds will also be used to expand A2SV’s presence to Ghana and upskill 330 more students in Ethiopia and Ghana over the next two years, building a pool of highly trained, industry-ready candidates who have experience with real-life projects.

A2SV, which started operations in Ethiopia in 2019, upskills high-potential university students and connects...

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Gebeya Raises Pre-series A Funding from Tokyo-based VC Firm

Gebeya Inc., the SaaS-enabled, Pan-African marketplace, today announced a new investment from, a Tokyo-based VC firm, Inclusion Japan (ICJ). The new investment aims to drive growth and innovation for Gebeya’s continuous expansion.

The undisclosed strategic investment will be used to expand Gebeya from a single two-sided tech talent marketplace to a provisioner of marketplaces under a Marketplace-As-A-Service model.

Headquartered in Addis Ababa and with offices in Kenya and Senegal, Gebeya has six years of operation and has been working to build Africa’s tech talent ecosystem through a combination of upskilling and job-creation opportunities for hundreds of working tech professionals...

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