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Ugandan Startups Raised USD70m in 2022 As Funding for African Startups Rises to Almost USD5billion

by Jonathan N. Lubwama
Rocket Health Founders (Left-Right) Dr. John Mark Bwanika - Co-founder and Chief Operations Officer; Dr. Davis Musinguzi, Managing Director; Fiona Nuwamanya - Chief Finance Officer; Hope Fortunate Achiro - Co-founder and Chief Pharmacy Officer; Dr. William Lubega - Co-founder and Chief Medical Officer. The company, in March 2022, closed a USD5 million Series A funding round led by Creadev, an evergreen investment fund backed by the Mulliez Family of French entrepreneurs.PHOTO/Courtesy

Startups are companies that are built to grow fast. This was well articulated by Y Combinator’s Paul Graham in his 2004 article startups = growth. In this article, Paul Graham…

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About the Author

Jonathan is the Senior Tech, Startups and Venture Capital Reporter at CEO East Africa.

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