Funded Startups in Senegal
Across the 7 most recent funded startups listed for Senegal, Wave Mobile Money’s 2022-07-07 debt financing of $92M is an outlier: it dwarfs every other dis…
Across the 7 most recent funded startups listed for Senegal, Wave Mobile Money’s 2022-07-07 debt financing of $92M is an outlier: it dwarfs every other disclosed round on the page, with the next-largest disclosed amounts at $5M (Socium, 2024-11-19) and $4M (Sanu Gold, 2024-09-06). The remaining disclosed figures cluster tightly below $2M, including Rubyx at $450K (2024-08-26) and Baobab+ at $2M (2022-10-13).
The list is also geographically concentrated: all 7 entries are tied to Dakar, Senegal, except Sanu Gold (Ziguinchor) and still within Senegal. Temporally, funding is concentrated in two bursts: three rounds in 2024 (2024-08-26 through 2024-11-19) and another pair in 2022 (2022-07-07 and 2022-10-13), with the oldest entry on the page dated 2022-01-19 (Paps). Stages are mixed, with 3 of 7 marked “Series Unknown” (Sanu Gold 2024-09-06, Rubyx 2024-08-26, Kwely is “undisclosed” at 2024-02-07).
Most recent rounds
7 shownRelated listings
Frequently asked
Which disclosed round is the clear outlier, and how does it compare to the rest of the Senegal list shown?
Wave Mobile Money’s $92M debt financing (2022-07-07) is the only disclosed amount above $50M in the 7-row set. The next-largest disclosed amounts are $5M for Socium (2024-11-19) and $4M for Sanu Gold (2024-09-06), with the rest at or below $2M (Baobab+ at $2M on 2022-10-13).
Are the rounds clustered in time, and what does the date range look like for the entries shown?
The 7 rounds span from 2022-01-19 (Paps) to 2024-11-19 (Socium). There’s a late-2024 cluster with three entries between 2024-08-26 and 2024-11-19 (Rubyx $450K on 2024-08-26; Sanu Gold $4M on 2024-09-06; Socium $5M on 2024-11-19).
Is Dakar over-represented in this specific list of Senegal-funded startups?
Yes. 6 of 7 entries list Dakar, Senegal as the location (Socium, Rubyx, Kwely, Baobab+, Wave Mobile Money, Paps). The remaining one is Sanu Gold (Ziguinchor) on 2024-09-06, so the list is heavily Dakar-centered.
What stage labeling dominates, and are there notable “unknown” or “undisclosed” patterns?
“Series Unknown” appears in 3 of 7 entries (Sanu Gold on 2024-09-06, Rubyx on 2024-08-26, both at undisclosed series names). There’s also one “undisclosed” amount entry (Kwely on 2024-02-07), distinct from the “Series Unknown” label.
Which sectors show up repeatedly across the 7 rows, and does any sector pair align with the larger rounds?
Financial Services appears in 2 of 7 entries (Rubyx $450K on 2024-08-26 and Wave Mobile Money $92M on 2022-07-07), making it the only sector repeated in this snapshot. Administrative Services also appears twice (Socium $5M on 2024-11-19 and Paps $5M on 2022-01-19), while the remaining sectors (Natural Resources, Commerce and Shopping, Energy) each appear once.
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