African Startup Deal Tracker — Newest Deals

This month’s deal roundup highlights a string of under-the-radar investments across Africa that together underscore steady capital flow into early-stage ventures. Notable transactions include a $3 million seed for Egypt’s 3C Coding School led by MRG Economic Group, a $1.9 million seed for ChipMango (US/Nigeria) led by Atlantica Ventures, a $450,000 deployment from the Village Capital facility into two Nigerian startups, and a $3 million debt facility for Nigerian payments company Nomba from CardinalStone Finance Company.

"These deals, spanning diverse sectors from agri-tech to legal tech, highlight the ingenuity of African startup founders and the breadth of opportunities being seized," the tracker notes — a concise summary of a month in which smaller rounds and strategic deployments drove meaningful operational milestones.

Deal details and company context

• 3C Coding School — $3M seed: Founded in 2015 by Hossam Hosny and Ahmed Khallaf, 3C Coding School delivers STEM and software development curricula including web/mobile, data science, AI, game development and cybersecurity. The platform reports serving over 120,000 students. Investors on the round included MRG Economic Group as lead, alongside Amr Saad and strategic angel investors. The proceeds will fund regional expansion into Saudi Arabia and accelerate development of an AI-powered adaptive learning platform.
• ChipMango — $1.9M seed: ChipMango, co-founded by CEO Ola Fadiran and Jovan Andjelich and founded in 2022, operates a cloud-enabled semiconductor design and verification service plus a browser-based engineering workforce platform. The company is an official Arm Approved Training Partner and reached approximately $200,000 ARR in 2025 at its Lagos design hub. Lead investor Atlantica Ventures joined DFS Labs, Kaleo Ventures, Madica, Trilinear Technologies and Malta Ventures on the round. Use of funds includes expanding chip design capacity, establishing a European design hub in Malta, launching skills initiatives in Kigali, and scaling edge-AI and intelligent sensor IP development.
• Village Capital (Africa Ecosystem Catalysts Facility) — $450K deployment: Village Capital, supported by FMO and RVO and sourcing via Africa Fintech Foundry, deployed $450,000 across two Nigerian startups as part of a $4 million facility. Portfolio companies included Trade Lenda, an SME digital financing and embedded lending platform led by CEO Adeshina Adewumi; the backing enabled Trade Lenda to secure an additional $2 million in local debt facilities. The second portfolio company, AirSmat, led by CEO Soji Sanyaolu, is a climate-tech firm converting agricultural waste into biochar-based fertiliser — funds will support completion and commissioning of its commercial production facility.
• Nomba — $3M debt facility: Nigerian fintech Nomba secured a $3 million debt facility from CardinalStone Finance Company to support its B2B cross-border payments and broader working capital needs.

Outlook

Collectively these transactions illustrate how a mix of seed equity, catalytic programmatic capital and targeted debt is sustaining growth trajectories across education, deeptech, fintech and climate tech. Deals such as 3C Coding School’s $3 million seed aim to push regional expansion and product sophistication — notably in AI-powered learning — while ChipMango’s raise underlines growing interest in Africa-linked semiconductor and edge-AI capacity. Meanwhile, catalytic deployments by Village Capital and debt facilities from financial houses like CardinalStone demonstrate the layered financing approach founders are using to convert pilot-stage traction into commercial operations.