From news of product launch to venture expansion, the week was filled with an array of new developments. Nigeria, through an indigenous startup, also recorded increase in funds raised.
On fund raiser, Lagos-based solar technology startup, Daystar, raised a fresh $38-million in a Series B Investment. The raiser comes amidst news of Nigerian TeamApt’s plans to expand footprint to West/North Africa.
Below is a digest for the week, highlighting the major tech build up.
Daystar’s $38 million raiser
During the week, Lagos-based solar technology startup, Daystar, raised a fresh $38-million in a Series B Investment led by the Investment Fund for Developing Countries (IFU) of the Danish Development Finance Institution (DFI).