Africa's Startup Deals, 26 Oct to 1 Nov

Every Monday, TheStak rounds up the previous week's African startup deals. From Monday 26 October to Sunday 1 November, startups disclosed $55.25 million across five deals, two more raised undisclosed amounts, and Google Play handed out grants to 10 game studios. One Moroccan health deal made up most of the money; Nigeria took the second-biggest.

The deals

1. ABA Life (Morocco), $40 million from pan-African private equity firm Admaius Capital Partners for its AI for Sovereign Health programme and expansion outside Morocco, announced on 29 October; it still needs Morocco's Competition Council to clear it. Read the story.
2. Okra Solar (Nigeria), $7 million debt from British International Investment, to buy panels and batteries up front for about 150,000 mesh-grid connections that could power up to 750,000 rural Nigerians. Read the story.
3. Madica (pan-African), $6 million more from Flourish Ventures for its pre-seed programme, to back 25 to 30 startups with up to $200,000 each over three years. Read the story.
4. Medikea (Tanzania), $1.2 million pre-seed from investors including Baobab Network, Catalyst Fund and develoPPP Ventures, to grow its own clinics, pharmacies and labs from four sites to ten. Read the story.
5. NoorNation (Egypt), $1.05 million seed from Linah Farms, Catalyst Fund and KBW Ventures; Linah Farms went from customer to shareholder. Read the story.
6. Talent Nation (Nigeria and Africa), undisclosed pre-seed co-led by Enza Capital and LocalGlobe, to train and place African AI engineers; it says it has had more than 63,000 applications in 18 months. Read the story.
7. CrissCross (South Africa), undisclosed investment from Circle Ventures, the venture arm of USDC issuer Circle, for its one-API payments across more than 30 African markets. Read the story.

Also last week: Google Play picked 10 studios for its first $1 million Indie Games Fund in Africa, with $50,000 to $200,000 of equity-free money each; four are Nigerian, including Maliyo Games and Fer Factor (read the story). And the week's biggest planned raise did not happen: OPay called off its $304 million New York IPO after a regulatory inquiry in a jurisdiction it has not named.