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Three Recent Successful Funding Examples

CompariSure, a Cape Town-based fintech company founded in November 2017 has raised a multimillion-rand funding deal for a minority stake from UW Ventures and Allan Gray. CompariSure is a financial services provider that distributes financial services products via its proprietary chatbot which leverages platforms like Facebook Messenger and WhatsApp to compare financial products. UW Ventures intends to support CompariSure with its scaling ambitions, including into international markets.

The Ghanaian startup mPharma which was founded in 2013 has raised $17m to expand its Vendor Management Inventory system and QualityRx platforms in Ghana, Kenya, Nigeria, Zambia, and Zimbabwe. This comes after the startup raised $12 million last year and $6.6 million Series A in 2017. The total funding raised by the health-tech startup now stands at over $40 million. After securing its Series B funding in 2019, the startup bought Kenya’s second-largest pharmacy chain, Haltons. mPharma streamlines last-mile delivery of prescription drugs and makes them affordable to under-served markets.

Naspers will invest R100-million in South African aerial-data analytics startup Aerobotics. Aerobotics is a subscription-based artificial intelligence (AI) company that provides intelligent tools for the agricultural industry to manage its crops. The investment is pending approval by local regulatory authorities.

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Alastair Tempest

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