Every month, capital moves. The question is whether you're reading the signals or just the headlines. May 2026 had a Japanese entrepreneur choosing Ethiopia over Nigeria because the market was harder.
Three ex-Monzo engineers automating bank compliance. And a Berlin lawyer who noticed that half of what law firms do has nothing to do with lawyering.
Here are 10 raises that caught our attention at Pitchwise:
- Dodai ($13M Series A): Yuma Sasaki chose Ethiopia deliberately. Ethiopia banned petrol vehicle imports. One policy explains the round.
- Shiprazor ($2.65M Seed): Sahil Affriya, a former VC, built a logistics layer for African e-commerce: one integration, 20 couriers, 1.5 million deliveries.
@Norrsken22 leads.
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@enzo_health ($20M Series A): Zach Newman's AI platform for home health grew revenue 40X in 24 months. 500,000 patients on the platform. N47 leads.
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@GradientLabsAI ($26M Series A): Dimitri Masin, 🚀 Neal Lathia and Danai Antoniou met at Monzo. Revenue grew 900% in a year.
@OctopusVentures and
@commerzventures lead.
- LawX (€7.5M Seed): Dr. Norman Koschmieder, Dr. Sara Brinkmann, and Torben Rabe. The operating system layer under the lawyers, not another AI for lawyers.
@motive_partners leads.
- Bayshore AI ($8M): German legaltech turning compliance rules into code. Y Combinator-backed.
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@ComplyD0 (YC F25) ($1.3M Seed): Berlin compliance platform consolidates regulatory obligations. Backed by
@ycombinator and Reaktor.
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@rukahair ($4.5M Seed): Biotech beauty startup using scientifically formulated ingredients. Henkel Ventures co-leads.
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@pollen (€3.2M Seed): Battery-swapping for electric mopeds in Portugal. The same thesis showed up in Addis Ababa this month.
- BFREE (Undisclosed Growth Round): Julian Flosbach, Chukwudi Enyi, and Moses Nmor buy distressed loan portfolios and rehabilitate them ethically.
@AfricInvest_Grp leads, and it is also Algebra Ventures' first investment in Nigeria.
To every founder on this list, the round is just the receipt. The real work was convincing someone the bet was worth making.
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