Funded Startups in Tanzania
Recent funding in Tanzania (14 entries shown, dated 2021-06-08 to 2026-05-28) is dominated by one very large disclosed round: Ubongo’s $128M in 2022-12-08,…
Recent funding in Tanzania (14 entries shown, dated 2021-06-08 to 2026-05-28) is dominated by one very large disclosed round: Ubongo’s $128M in 2022-12-08, which is substantially above the next-largest disclosed amounts ($130M for CRDB Bank in 2022-09-16, $32M for Ramani in 2022-11-23, and $25M for Nala in 2026-05-28). Beyond size, disclosed rounds cluster in Dar Es Salaam: most entries list Dar Es Salaam (including Dar Es Salaam, Dar es Salaam and Masaki, Dar Es Salaam), with out-of-city examples like Lugarawa Youth Foundation in Njombe and Lemitar in Arusha.
Stage and reporting also skew: “Series Unknown” appears in 5 of 14 rows, and “undisclosed” amounts appear in 3 of 14 rows (FINCA Microfinance Bank in 2024-11-12, Medikea Health in 2024-02-05, and MipangoApp in 2023-03-08). In sector terms, Financial Services and Commerce/Shopping each show up 3 times, while Education and Health Care appear twice each, and several singletons fill the rest.
Most recent rounds
14 shownRelated listings
Frequently asked
What stands out on deal size in this Tanzania set, and how does it compare to the rest?
Ubongo’s $128M (2022-12-08) is a clear high-water mark among disclosed amounts in these 14 rows. The next tier is much lower, including CRDB Bank’s $130M (2022-09-16), Ramani’s $32M (2022-11-23), and Nala’s $25M (2026-05-28), with many other disclosed entries at $3M, $2M, or $400K.
Are specific cities over-represented, or do the non-Dar Es Salaam entries look like exceptions?
Dar Es Salaam is the dominant geography across the list, with multiple entries explicitly labeled Dar Es Salaam and one repeating neighborhood label (Masaki, Dar Es Salaam) for companies like Ubongo (2022-12-08), Credable (2023-03-20), and CRDB Bank (2022-09-16). The clearest out-of-pattern locations are Njombe (Lugarawa Youth Foundation, 2025-09-10) and Arusha (Lemitar, 2022-12-23).
How concentrated are the most recent closings (by round date) within the newest window?
The newest activity is concentrated at the top of the list: two entries fall in 2026 (only Nala on 2026-05-28), and three more appear in 2025 (Wassha on 2025-08-15, Lugarawa Youth Foundation on 2025-09-10, and Nala’s 2026-05-28). The only 2024 dated rounds are FINCA Microfinance Bank (2024-11-12, undisclosed) and two disclosed $2M/$-scale entries (East Africa Fruits on 2024-02-09 for $2M; Medikea Health on 2024-02-05 is undisclosed).
Does stage reporting skew toward “Series Unknown” or undisclosed amounts?
Yes: “Series Unknown” appears in 5 of 14 rows (for example Nala on 2026-05-28 for $25M and Wassha on 2025-08-15 for $2M), and “undisclosed” appears in 3 of 14 rows (FINCA Microfinance Bank, 2024-11-12; Medikea Health, 2024-02-05; MipangoApp, 2023-03-08). That leaves fewer entries with explicit stages like Seed (e.g., Credable $3M on 2023-03-20) and Series A (Ramani $32M on 2022-11-23).
Which sectors are most represented, and are they linked to the largest disclosed rounds?
Financial Services and Commerce/Shopping are each the most frequent sectors here (3 entries each). Financial Services includes the largest disclosed figures for the period shown (CRDB Bank $130M on 2022-09-16; Nala $25M on 2026-05-28), while Commerce/Shopping includes smaller disclosed amounts like Ubongo’s listed Education sector ($128M) is separate, but Commerce entries such as Sumet ($100K, 2021-06-08) and Lemitar (undisclosed, 2022-12-23) sit well below the top tier.
Are there small-ticket outliers alongside the large disclosed rounds?
Sumet is the most extreme downward disclosed point: $100K on 2021-06-08, far below most other disclosed rounds in this list (commonly $2M–$3M, plus mid-to-high tiers like $25M for Nala and $32M for Ramani). Several other low/mid disclosed rounds include East Africa Fruits ($2M, 2024-02-09), Wassha ($2M, 2025-08-15), and Mwalimu Nyerere Foundation ($3M, 2023-12-05), highlighting the gap created by Sumet’s disclosed amount.
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