Lemina News
Verified coverage of African private markets — deals, companies, people, and policy — delivered every Friday.
Terra Industries Leads $1M Pre-Seed in Aeon, Forms Cyber Defense Joint Venture
Nigerian defence-tech company Terra Industries led a $1 million pre-seed round in cybersecurity startup Aeon, with Flutterwave CEO Olugbenga Agboola's Resilience17, DFS Labs, Kaleo, Ajim Capital, and Seedstars also participating — and the two companies are forming a commercial joint venture to pursue government and corporate security contracts together.
ARC Ride Raises $33.3M to Scale Battery-Swapping Infrastructure Across Africa
Alan Acquires Senegal's Tanel — a Portfolio Company It Backed Since 2024
ChipMango Raises $1.9M Seed to Turn African Engineering Talent Into Chip Designers
Long-form research and analysis, not tied to a single news event.
This Week by Sector
Terra Industries Leads $1M Pre-Seed in Aeon, Forms Cyber Defense Joint Venture
Nigerian defence-tech company Terra Industries led a $1 million pre-seed round in cybersecurity startup Aeon, with Flutterwave CEO Olugbenga Agboola's Resilience17, DFS Labs, Kaleo, Ajim Capital, and Seedstars also participating — and the two companies are forming a commercial joint venture to pursue government and corporate security contracts together.
Alan Acquires Senegal's Tanel — a Portfolio Company It Backed Since 2024
French digital health insurer Alan, an investor in Tanel since its 2024 seed round, has acquired the Senegalese health-coverage startup outright — its first move into Africa — with Ventures Platform, a backer of Tanel since 2021, among the early investors who saw the relationship through to exit.
Moniepoint Disburses $700 Million in Business Loans to MSMEs
Fintech giant Moniepoint has disclosed that it disbursed over $700 million in credit to micro, small, and medium enterprises (MSMEs), with 75% of borrowers accessing formal business credit for the first time.
Nigeria Dominates Africa's Top Finance Apps: 6 of the Top 10 Most Downloaded
Nigeria has cemented its position as Africa's preeminent financial technology hub, accounting for six of the top ten most downloaded finance applications on the continent.
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Ventures Platform Closes $84M Pan-African Fund II, Beating $75M Target
Adenia Partners Acquires Majority Stake in Minet Group From Capitalworks
Terra Industries Closes $52M Seed Round, Opens London Office
CBN Opens Cohort 2 of Its Regulatory Sandbox to Virtual Asset Service Providers
Moove raises $250M Series C at $2.1B valuation, led by Mubadala, Toyota's Woven Capital, and Ion Pacific
