- Berlin-based Parloa, a Conversational AI platform for automating omnichannel customer service has raised €20M in a Series A round of funding. The round was led by Swedish investment firm EQT Ventures. Existing investors Amsterdam-based Newion and Munich-based Senovo also participated in this round…
- Paris-based Inato, a platform that makes clinical trials more accessible, announced that it has raised $20M in a Series A2 round of funding. The capital comes from Cathay Innovation, Obvious Ventures, and new investors La Maison and Top Harvest Capital. Inato says the new funding will fuel its…
- Stockholm-based X Shore, an electric boat manufacturer, announced that it has secured approximately €26.5M in a funding round led by SEB Investment Management AB with participation from existing and several new shareholders. X Shore says it intends to use the funds to scale its production and reach…
- London-based TerraPay, a global payments infrastructure company, announced that it has secured $100M in a Series B equity and debt round of funding. The company claims to have been successful, and it is now prepared to advance its payments infrastructure and features, and offer customers around the…
- Utrecht-based HeatTransformers, a startup that specializes in heat pump installation, announced that it has raised €15M in a Series A round of funding led by Energy Impact Partners. Existing investors Fair Capital Partners’ Impact Fund and ENERGIIQ also participated in the round. HeatTransformers…
- Mexican startup Pacto, a point-of-sale (POS) platform with integrated payments for restaurants and bars, announced a $4 million seed round led by DILA Capital. The capital will be used to increase its engineering, product development, and customer service teams. Venture capital funds FEMSA…
- South African startup TROOP, which creates tools for corporate meetings around the world, has raised $11 million in Series B funding. According to TROOP co-founder Leonard Cremer, “TROOP’s growing presence in South Africa comes at a key time, with the South African economy projected to make an…
- Finverity, a digital ecosystem for trade and supply chain finance based in London, raised $5 million from both new and existing investors in a highly subscribed equity investment round. Viacheslav Oganezov, CEO and co-founder of Finverity, said, “We’re happy to have such a strong group of…
- The Green Changemakers Challenge is a worldwide innovation challenge open to solutions that are helping to equip others with the mentality and competencies to contribute towards building a sustainable and fair future, and this year they are inviting African startups to apply. The initiative is…
- The Startup Act, a framework developed to help the nation’s most brilliant entrepreneurs in attaining their objectives, has been unveiled by the Ivorian government. With a focus on high-potential startups, Ivory Coast has prioritized technological innovation in its national development plan. The…
- Fez Delivery, a logistics and delivery startup in Nigeria, has raised US$1 million in seed funding to speed up its growth and expand its team. Ventures Platform, Voltron Capital, Acasia Ventures (previously Cairo Angels), and other angel investors joined the seed round, which was led by Ventures…
- HouseAfrica, a real estate technology firm in Nigeria, has raised $400,000 in funding to provide real estate developers and their customers with tools for digitalization and transparency. Future Africa, SSE Angel Network (SSEAN), ARM Labs, CV VC, Startupbootcamp AfriTech, Niche Capital, and Rebel…
- Kalon Venture Partners, a South African VC firm that invests in digital disruptive technologies, plans to establish a US$50 million fund, enabling it to make investments for the first time outside of South Africa. Its most recent fund, which had a value of ZAR250 million (about $17.5 million at…
- Factor[e]Ventures, a Kenyan venture capital firm, has launched Delta40, a new venture studio that will develop and invest in technology ventures to raise incomes and combat climate change in Africa. Early-stage technology businesses in the fields of energy, agriculture, water, and transportation…
- The world’s largest online retailer Amazon’s cloud computing subsidiary, Amazon Web Services (AWS), has expanded its presence in Africa by inviting early-stage startups to apply to participate in the AWS FinTech Africa Accelerator’s first cohort. In order to provide CEOs and CTOs with a wide range…
- The Greenovations Africa program, which provides access to mentoring and investment opportunities, is calling for applications from African firms with creative ideas that address current issues in any green sector. By combining incubation and post-incubation, the Greenovations Africa programme…
- Payday, a prominent pan-African neobank with headquarters in Rwanda that provides global accounts to Africans, has announced a US$3 million seed funding to support its growth in Europe and North America. HoaQ, the Stellar Africa Fund of DFS Lab, and angel investors like Dare Okoudjou and Tola…
- The government of Sao Tome and Principe, a country in Central Africa, has received a $3.2 million loan from the African Development Bank (AfDB) to improve its payment infrastructure. Using the funding from this loan, Sao Tome and Principe may improve its national switch payment system, which…
- The European Union has given Kenya Ksh 50 billion ($378 million) to help with the electrification of the nation’s public transportation system. William Ruto, president of Kenya, and Ursula von de Leyen, president of the European Commission, met recently at the European Union Headquarters in…
- Checkout solutions provider Nimbbl has raised $3.5 million from Sequoia Capital India, Global Founders Capital (GFC), and stock brokerage firm Groww. Sequoia Capital India led its seed round, which first closed in July 2021 Nimbbl raised additional funds earlier this year, led by both Sequoia…
- The UK’s growth platform for tech startups and founders, Tech Nation has confirmed that it is very much in discussions with Brent Hoberman’s Founders Forum Group to carry on its legacy according to Tech Eu. It would now appear that the legacy of Tech Nation will live on, if only in a different…
- Zurich-based Wingtra, a manufacturer of professional mapping and surveying drones, announced that it has raised approximately €20.38M in a Series B round of funding to further expand its operations globally. The investment came from DiamondStream Partners, EquityPitcher Ventures, Verve Ventures,…
- Lithuania-based HeavyFinance, a climate tech investment marketplace for the agricultural industry, announced that it has secured €3M in a Seed round of funding. The round was led by Lithuania’s Practica Capital, an early-stage venture capital fund dedicated to backing Baltic founders. Practica…
- Prague-based Miwa Technologies, a startup that has developed a technology to reduce packaging waste, announced that it has been selected for the European Innovation Council (EIC) “EIC Accelerator” program, securing significant funding for its future growth. The startup received a subsidy of €2.5M…
- Finland-based Carbonaide, a spin-out company from the VTT Technical Research Centre of Finland, announced that it has secured €1.8M in a Seed round of funding. The round was led by Lakan Betoni and Vantaa Energy, along with public loans and in-kind contributions from Business Finland and other…
- Itzehoe-based OQmented, a deeptech startup developing advanced MEMS mirror and laser scanning technologies, announced that it has secured $20M in a Series A round of funding. The term “micro-electro-mechanical systems”, or MEMS, is a technology that can be described as miniature mechanical and…
- Netherlands-based SafeSize, a retail tech company that offers personalized shoe and insole recommendations, announced that it has raised €14M in a Series B round of funding. The capital comes from Phaistos Investment Fund and existing investors Convent Capital and 3TS Capital Partners. SafeSize…
- Chilean FinTech Toku announced its seed round of USD $7M, to consolidate its operation in Mexico, invest in growth and continue expanding through the LatAm market. The round was led by the North American venture capital F-Prime Capital, accompanied by Honey Island by 4UM and Wollef , along with…
- The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the opening of registration for its annual conference and awards. This year is the 9th edition of the prestigious AWIEF event, and it will be held at the Kigali Convention Centre (KCC), Kigali, Rwanda, on 9 and 10 November…
- ShEquity Partners, an African investment firm with a focus on women, is currently accepting applications for the fourth edition of its ShEquity Business Accelerator (SHEBA). ShEquity is an investment company that backs firms in Sub-Saharan Africa that are led and managed by women and have the…
- The African Impact Challenge, which helps participants in developing ideas that create markets and use technology to address the biggest challenges facing the continent, is now accepting applications. The African Impact Challenge is expanding to South Africa this year and introducing a pan-African…
- Verod-Kepple Africa Ventures (VKAV), which invests in scalable, tech-enabled, post-revenue startups tackling challenging issues on the continent, has secured US$43 million for its pan-African venture fund. SBI Holdings, Toyota Tsusho Corporation, the Japan International Cooperation Agency (JICA),…
- Uruguayan Agtech, The Climate Box secured $350K on a Pre-seed round led by The Yield Lab. Label Investments and an angel investor also participated. The company will use the funds to strengthen its global sales force and research and development for its software. “We will expand the team to twelve…
- London-based Seldon, a data-centric Machine Learning (ML) operations platform for the deployment, management, monitoring, and explainability of ML models, announced on Thursday that it has raised $20M (approximately €18.84M) in a Series B round of funding. The round was led by Portugal-based Bright…
- Denmark-based Teitur Trophics, a biotech company, announced that it has secured €28M in a Series A round of funding co-led by Sunstone Life Science Ventures and Sound Bioventures. New investors Industrifonden, Innovestor’s Life Science Fund and P53 Invest also participated in the round. Teitur says…
- Sweden-based Blinto, an online platform that auctions used heavy machinery, tools, and vehicles, announced that it has secured €10.6M in a new round of funding. The investment came from Verdane, a Norway-based specialist growth equity investment firm. Verdane engages as a partial or dominant…
- Utrecht-based Vitestro, a startup on a mission to be the first to bring autonomous blood drawing technology to European hospitals, announced that it has raised €12M in a Series A round of funding. The round was led by Silicon Valley-based Sonder Capital, a firm that backs early-stage medical…
- Munich-based DeepDrive, a high-tech company that claims to offer revolutionary drive units for electric vehicles, announced that it has raised €15M in a Series A round of funding. The round was co-led by top mobility investors BMW i Ventures and co-pace GmbH. The startup is also supported by…
- Helsinki-based IPRally Technologies, a provider of AI-powered patent search and classification, announced that it has secured €10M in a Series A round of funding. The round was led by Endeit Capital with participation from existing investors Join Capital, Spintop Ventures, and Icebreaker.vc.…
- Paris-based XXII, an AI-powered computer vision company, announced that it has secured €22M in a Series A round of funding led by the Fonds Innovation Défense (Defence Innovation Fund) managed by Bpifrance. 574 Invest (SNCF Group’s investment fund), CIB Développement (Colas Group), Techmind, Kima…
- Indian Direct-to-commerce (D2C) fashion brand Zouk said it has raised $3 million led by Stellaris Venture Partners. The funding round also saw participation from Sharrp Ventures, JJ Family Office, Deutsche Bank India CEO Dilip Khandelwal, Atomberg founder Manoj Meena and founders of Sugar Cosmetics…
- Almentor, an Arabic-language online video-learning platform based in Egypt, has secured a pre-Series C funding round of $10 million. The technology investment division of e& capital was the lead investor in this round of funding. Together with Partech, Sawari Ventures, Egypt Ventures, Sango…
- Onepipe, a fintech startup based in Nigeria, has secured a $4.8 million credit line from TLG Capital, a pan-African investment firm. The TLG Africa Growth Impact Fund (AGIF), a credit company that makes investments in the region south of the Sahara, closed the investment round. Onepipe is a…
- Dream VC, Africa’s foremost venture capital talent network is announcing the commencement of applications for the 2023 cohort of its flagship VC accelerator program. Founded in 2021, Dream VC has trained more than 80 African and Africa-focused investment professionals in 3 successive cohorts, many…
- Applications for the 2023 Green Entrepreneurship Awards are currently being accepted by the adelphi green entrepreneurship team. Eco-inclusive and circular businesses will receive support from the Awards to scale their business growth while simultaneously increasing the adaptive capacity of local…
- The most recent version of OpenAI’s immensely successful artificial intelligence chatbot ChatGPT, GPT-4, has been released. ChatGPT has been used by millions of people since its release in November 2022. In addition to creating titles and summaries, the new model can actually respond to images by…
- The Nigerian government has set up a $672 million fund to help young investors in the tech and creative sectors. As part of the government’s Digital and Creative Enterprises Plan (DCEP), a $672 million fund has been established to encourage new business innovation and entrepreneurship within the…
- Flat6Labs, a MENA-focused seed investor, has announced the opening of a new US$95 million fund to support the growth and development of early-stage tech firms across the African continent. With operations in Egypt, Lebanon, Tunisia, Bahrain, Jordan, the UAE, and Saudi Arabia, Flat6Labs is the…
- Rebecca Enonchong is a Cameroonian technology entrepreneur, business leader, and advocate for women in technology. She is the founder and CEO of AppsTech, a leading provider of enterprise software solutions to businesses and governments in Africa and the Middle East. Enonchong was born in Cameroon…
- The Microsoft Africa Development Centre’s (ADC) Game of Learners (GOL) competition’s fourth season is now accepting applications from university students in Kenya and other regions of Africa. Participants in this year’s competition will be working to create potential technological solutions that…
