MBA Mortgage Purchase Index for the week ending May 30 in the United States

TLcom Capital has successfully closed its Tide Africa II fund, raising $154 million to invest in early-stage companies across Africa, now focusing on expanding its reach to Egypt. The firm aims to support innovative founders tackling significant challenges in the region.

Lulalend, a South African fintech focusing on digital lending for small businesses, raised $35 million in Series B funding to expand operations and address local credit deficits, especially for female-led SMEs.

Following a strong first closing announced last year [2023], Partech Africa II, has reached its final closing at €280M ($300M+) with all major investors from its predecessor fund but also top tier investors making their first commitment into the Partech Africa platform and into the African VC

Partech has raised €245 million for its second AfricaTech Fund, surpassing its €230 million target. The fund aims to invest $1 million to $15 million per startup, indicating increased global interest in African venture capital.

LoftyInc Capital has raised $43 million for its LoftyInc Alpha Fund, targeting late-seed investments in promising African tech startups. The fund aims to address capital shortages and focuses on sectors like financial services, healthcare, and AI, supported by diverse investors.