Innovation Management Startups in Africa

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Innovation management is gaining traction, driven by firms like Cambridge Industries and Simbona. Local business leaders emphasize the need for collaboration, ecosystem building, and a focus on solving local challenges. While funding remains a challenge, there's a growing recognition of innovation's importance for economic growth.

Cummulative Funding

$12.9M+

Total # of Companies

3

Total Deal Count

5

Total M&A Count

0

Total # of Investors

5

List of Innovation Management startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Cambridge Industries Ltd (CIL) is an engineering, design, procurement and construction firm focused on renewable energy projects throughout Africa.

Series B

$ 12,750,000

2011

2.

Verb Education designs and delivers innovative, technology‑integrated learning solutions for organizations and institutions.

Grant

$ 100,000

2020

3.

Simbona is an Ethiopian startup healthcare research and development company that designs and develops healthcare equipment and ICT systems.

Grant

$ 50,000

2014

Founded

2011

Overview

Cambridge Industries Ltd (CIL) is an engineering, design, procurement and construction firm focused on renewable energy projects throughout Africa.

Last round

Series B

Total raised

$ 12,750,000

Employee

101-250

Founded

2020

Overview

Verb Education designs and delivers innovative, technology‑integrated learning solutions for organizations and institutions.

Last round

Grant

Total raised

$ 100,000

Employee

11-50

Simbona

Founded

2014

Overview

Simbona is an Ethiopian startup healthcare research and development company that designs and develops healthcare equipment and ICT systems.

Last round

Grant

Total raised

$ 50,000

Employee

2-10

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