Hi, welcome to Tech This Evening, an After-Work Tech Newsletter from Techparley Africa. Sure, there is a lot to unpack right now. Sit back, while I walk you through.
Top Story: Delta40 Secures $20m to Back Startups in Africa with Capital and Support
Delta40 has secured $20 million in funding to scale what it describes as Africa’s first institutional venture studio and fund model, a hybrid structure designed to merge early-stage capital with operational support for startups across the continent.
The raise marks a significant milestone in Africa’s evolving venture ecosystem, where founders often struggle not only with access to capital but also with the technical, commercial and strategic expertise required to build sustainable businesses at scale.
By formally linking a venture studio with a dedicated investment fund, Delta40 is attempting to address both challenges simultaneously, backing founders at the idea-to-Seed stage while providing hands-on support typically unavailable through traditional venture capital structures.
“Through Delta40, we’re building and scaling innovations that transform lives, economies, and planetary health across Africa — with solutions that can power and feed the world. What sets this model apart is our community of innovators, investors, and business leaders who provide hands-on support from idea to pan-African scale and impactful exits,” said Lyndsay Holley Handler, Founder & CEO, Delta40.
Other Tech News Stories You Should Read:
Basatne Launches ORBT Mobile-First Payout Platform to Modernise Reverse Logistics. Read now.
Cybersecurity Startup, Outtake, Raises $40m to Pioneer AI-Led Fight Against Digital Identity Fraud. Read now.
XSML Capital Raises US$142M for Fourth African Fund, Surpassing Target in Strong Vote of Confidence for SME Financing. Read now.
On Startup Spotlight:
Meridian Raises $17m As It Builds AI-Powered Workspace for Financial Analysts
Meridian, a New York-based startup, has emerged from stealth with $17 million in seed funding and a $100 million post-money valuation, positioning itself at the forefront of what it calls “agentic financial modelling”.
The round was led by Andreessen Horowitz and The General Partnership, with participation from QED Investors, FPV Ventures and Liquidity Ventures, a roster that underscores growing investor appetite for AI-driven tools targeting high-value enterprise workflows.
At the heart of Meridian’s proposition is a fundamental question, that can artificial intelligence make financial modelling faster, more predictable and fully auditable?
“Our goal is to make financial modeling and spreadsheets way more predictable and auditable,” CEO and co-founder John Ling said. “How can you take a process that traditionally might have taken several hours and condense it down into like 10 minutes?”
Quadri Adejumo brings you all the details. Read here.
Also Read:
South Africa’s Talk360 Secures $1.4 Million to Accelerate Product Innovation and Global Expansion. Yakub Abdulrasheed brings us the details, here.
Quote of the Day:
“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke.
Thank you for joining me yet again this evening. Stay safe, and see you tomorrow for the next tech newsletter.
Best, Quadri
