IoT Startups in Africa

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IoT in East Africa: Emerging, but challenges remain. Qotto, RxAll, and Okra Solar show promise, but infrastructure gaps, affordability, and skills shortages hinder widespread adoption. Local business leaders express cautious optimism, citing government support and potential for cost savings as drivers.

Cummulative Funding

$71.3M+

Total # of Companies

40

Total Deal Count

82

Total M&A Count

0

Total # of Investors

135

List of IoT startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy.

Debt Financing

$ 18,600,000

2016

2.

Qotto sells solar home systems to rural households in West Africa with a pay-as-you-go model.

Series A

$ 14,000,000

2016

3.

Insight Terra provides real-time actionable insight into all your critical data.

Series A

$ 11,200,000

2021

4.

RxAll is a multiple-award winning deep learning-hyperspectral IoT platform for authenticating drugs in real time.

Grant

$ 6,832,100

2016

5.

Hello Tractor is a diversified ag-tech company focused on improving food and income security throughout sub-Saharan Africa.

Grant

$ 5,025,000

2014

6.

The Food Lab is an Egyptian startup thst provides cloud technology for the food and beverages industry.

Pre-seed

$ 4,500,000

2020

7.

dKilo is an Egyptian technology company in the AdTech space.

Debt Financing

$ 3,863,000

2020

8.

MazaoHub is a Tanzanian AI-powered farm management, localized soil analytics, and real-time climate data.

Pre-seed

$ 2,200,000

2021

9.

Wattnow help compagnies gain actionable insights on their overall energy usage.

Series A

$ 1,797,550

2018

10.

CardoO facilitates access to the latest affordable consumer electronics and IoT devices for MENA consumers

Seed

$ 1,260,000

2018

11.

POZI provides real-time fleet tracking and management tools for businesses across Central Africa.

Seed

$ 755,000

2021

12.

ReNile is an Egyptian agritech company providing end-to-end solutions for smart farming using the internet of things (IoT)

Seed

$ 450,000

2017

13.

Elkrem provides hardware and software tools for developers to build Blockchain connected IoT products.

Seed

$ 325,000

2018

14.

Blademy bundles Bluetooth-enabled medical devices with an offline-capable mobile app to help manage chronic diseases.

Pre-seed

$ 300,000

2018

15.

AirSmat was founded on the belief that drones will shape the future.

Seed

$ 100,000

16.

NIoTEK TECHNOLOGY S.A.E is an Egyptian startup which applies Internet of Things (IoT) to help companies make better.

Pre-seed

$ 100,000

2017

17.

Chekkit is a Nigerian blockchain powered anti-counterfeiting solution for food and drug supply chain tracking.

Seed

$ 50,000

2018

18.

Solar Freeze offers solar powered mobile cold storage for smallholder farmers

Non-equity Assistance

$ 20,000

2016

19.

Powerstove Energy is a Nigerian startup which uses technology to deliver a smokeless, IoT-enabled cookstove that generates electricity.

Grant

Undisclosed

2018

20.

FixBot is a connected startup that makes IoT dongles and software solutions for vehicle diagnostics.

Undisclosed

Undisclosed

2019

Founded

2016

Overview

Okra Solar is a Pan-African Energ startup that enables solar generating communities to share and utilize more energy.

Last round

Debt Financing

Total raised

$ 18,600,000

Employee

11-50

Qotto

Founded

2016

Overview

Qotto sells solar home systems to rural households in West Africa with a pay-as-you-go model.

Last round

Series A

Total raised

$ 14,000,000

Employee

201-500

Founded

2021

Overview

Insight Terra provides real-time actionable insight into all your critical data.

Last round

Series A

Total raised

$ 11,200,000

Employee

11-50

RxAll

Founded

2016

Overview

RxAll is a multiple-award winning deep learning-hyperspectral IoT platform for authenticating drugs in real time.

Last round

Grant

Total raised

$ 6,832,100

Employee

11-50

Founded

2014

Overview

Hello Tractor is a diversified ag-tech company focused on improving food and income security throughout sub-Saharan Africa.

Last round

Grant

Total raised

$ 5,025,000

Employee

11-50

Founded

2020

Overview

The Food Lab is an Egyptian startup thst provides cloud technology for the food and beverages industry.

Last round

Pre-seed

Total raised

$ 4,500,000

Employee

51-200

dKilo

Founded

2020

Overview

dKilo is an Egyptian technology company in the AdTech space.

Last round

Debt Financing

Total raised

$ 3,863,000

Employee

2-10

MazaoHub

Founded

2021

Overview

MazaoHub is a Tanzanian AI-powered farm management, localized soil analytics, and real-time climate data.

Last round

Pre-seed

Total raised

$ 2,200,000

Employee

11-50

Wattnow

Founded

2018

Overview

Wattnow help compagnies gain actionable insights on their overall energy usage.

Last round

Series A

Total raised

$ 1,797,550

Employee

2-10

CardoO

Founded

2018

Overview

CardoO facilitates access to the latest affordable consumer electronics and IoT devices for MENA consumers

Last round

Seed

Total raised

$ 1,260,000

Employee

11-50

POZI

Founded

2021

Overview

POZI provides real-time fleet tracking and management tools for businesses across Central Africa.

Last round

Seed

Total raised

$ 755,000

Employee

2-10

ReNile

Founded

2017

Overview

ReNile is an Egyptian agritech company providing end-to-end solutions for smart farming using the internet of things (IoT)

Last round

Seed

Total raised

$ 450,000

Employee

11-50

Elkrem

Founded

2018

Overview

Elkrem provides hardware and software tools for developers to build Blockchain connected IoT products.

Last round

Seed

Total raised

$ 325,000

Employee

1-10

Blademy

Founded

2018

Overview

Blademy bundles Bluetooth-enabled medical devices with an offline-capable mobile app to help manage chronic diseases.

Last round

Pre-seed

Total raised

$ 300,000

Employee

11-50

AirSmat

Founded

Overview

AirSmat was founded on the belief that drones will shape the future.

Last round

Seed

Total raised

$ 100,000

Employee

11-50

Founded

2017

Overview

NIoTEK TECHNOLOGY S.A.E is an Egyptian startup which applies Internet of Things (IoT) to help companies make better.

Last round

Pre-seed

Total raised

$ 100,000

Employee

2-10

Chekkit

Founded

2018

Overview

Chekkit is a Nigerian blockchain powered anti-counterfeiting solution for food and drug supply chain tracking.

Last round

Seed

Total raised

$ 50,000

Employee

11-50

Founded

2016

Overview

Solar Freeze offers solar powered mobile cold storage for smallholder farmers

Last round

Non-equity Assistance

Total raised

$ 20,000

Employee

11-50

Founded

2018

Overview

Powerstove Energy is a Nigerian startup which uses technology to deliver a smokeless, IoT-enabled cookstove that generates electricity.

Last round

Grant

Total raised

$ 0

Employee

2-10

Fixbot

Founded

2019

Overview

FixBot is a connected startup that makes IoT dongles and software solutions for vehicle diagnostics.

Last round

Undisclosed

Total raised

$ 0

Employee

51-200

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