- Chari, a business-to-business (B2B) e-commerce startup based in Morocco that offers embedded financing for the fast-moving consumer goods (FMCG) industry, has just raised $1 million. The additional US$1 million in funding was provided by Orange Ventures, the venture capital investment arm of…
- Yodawy, an Egyptian digital healthcare startup, has raised US$16 million in the first close of its Series B funding. The company has pioneered a pharmacy benefit management platform in the MENA market by combining technology, experienced pharmacists, and cutting-edge logistics. Delivery Hero…
- Huawei Technologies Co chief financial officer Meng Wanzhou, daughter of company founder and chief executive Ren Zhengfei, is expected to take her turn as “rotating chairwoman” in the company from April, according to local media reports, signaling that a succession plan looks to be in place at the…
- Germany-based APK, a company that specializes in a unique solvent-based recycling technology for low-density polyethylene (LDPE), announced that it has raised nearly €130M in a fresh round of funding. The investment came from London-based LyondellBasell, a global leader in the chemical industry,…
- Netherlands-based Solarix, a startup that designs and supplies innovative coloured solar panels for facades, announced that it has secured €900K investment from ROM InWest, the regional development agency in North Holland, The Netherlands. ROM InWest manages two funds – the SME Fund of €60M and the…
- Zurich-based Nanoflex Robotics, a company that provides advanced medical robotic interventions for treating ischemic stroke, announced that it has raised over €11.23M in a Series A round of funding. The medtech startup says it will use the funds to roll out its first-generation system to market and…
- Utrecht-based Red Kubes, the creator of Kubernetes production-ready platform Otomi, announced that it has secured €1.1M in a Seed extension round of funding from VC firm Capital Mills. The Dutch company says it will use the funds to accelerate sales and marketing efforts as well as the overall…
- Geneva-based Taurus, a company developing market infrastructure for digital assets, announced that it has secured approximately €60.4M in a Series B round of funding led by Credit Suisse. Deutsche Bank, Pictet Group, Cedar Mundi Ventures, and Series A investors Arab Bank Switzerland and Investis,…
- Paris-based Defthedge, an application addressed to business leaders and CFOs facing the volatility of the foreign exchange market, announced that it has raised €900K in its ‘second’ round of funding. The investment was finalized with business angels from corporate finance, banking, energy, and…
- Latvia-based Trace.Space, a SaaS startup building AI-powered tools for engineering product development, announced that it has raised €1.3M in a Pre-Seed round of funding led by Fiedler Capital. Nebular, Tiny VC, Foreword VC, Microsoft’s former GM Charlie Songhurst, and Change Ventures also…
- The rapid evolution of technology in the present day enables quicker and more efficient change and innovation, hence accelerating the pace of development. Business leaders ought to start realizing that to continue being successful and relevant in the marketplace, they need to have an understanding…
- The global VC firm Partech, which manages multiple funds, has announced that the first closure of Partech Africa II has reached a total of 245 million euros, making it the most successful and largest Africa-focused fund to date. According to managing partners Tidjane Deme and Cyril Collon, the…
- GlossAi, creators of an AI-driven video generator that allows organizations to rapidly create multi-audience content at scale using generative AI capabilities has announced a successful $8 million seed round. Led by New Era Capital Partners with participation by Guidestar ventures, 97212 Ventures,…
- Gameball, the all-in-one customer intelligence and marketing CRM platform for consumer brands, has announced the completion of a $3.5 million funding to accelerate its international expansion. A roster of global investors joined the company’s seed round including 500 Global; Africa-focused funds…
- Lulalend, a South African fintech startup, has raised US$35 million in Series B funding to expand its digital lending platform for underserved SMEs. The international impact investor Lightrock led the investment round, which included previous investors International Finance Corporation (IFC) and…
- The three-year GrindstoneX accelerator program, which seeks to empower female entrepreneurs while generating jobs, has selected ten South African startups. Grindstone, founded in 2014 and owned jointly by Knife Capital and Thinkroom, provides support to high-growth, innovation-driven companies in…
- SunFi, a clean technology startup in Nigeria, has raised $2.33 million from a variety of investors, including Factor[e] in Nairobi, SCM Capital Asset Management, Voltron Capital, Norrsken Impact Accelerator, Ventures Platform, and Sovereign Capital. SunFi is an energy financial technology platform…
- The inaugural ARM Labs Lagos Techstars accelerator, which offers access to up to US$120,000 in equity capital and other sorts of support, has selected twelve African tech startups. The first edition of the ARM Labs Lagos Techstars accelerator will last for three months. The initial batch, which is…
- Over 80% of crops require insect pollination, but growers can no longer rely on the dwindling wild bee population. But it’s a complex problem. Pollinating crops with honey bees can pose a threat to indigenous wild bees who are forced to compete with honey bees for food and are then exposed to new…
- Paris-based Ever Dye, a deep-tech startup, announced that it has raised €3.4M in a Seed round of funding. The startup creates a chemical method for textile dyeing factories to color fibers quickly, efficiently, and without the use of petrochemicals. The round was led by Maki.vc, an investment fund…
- Amsterdam-based Vipper, a B2B2C mobility platform that provides interlining and multimodal door-to-door travel services, announced that it has raised €2M in a fresh round of funding. Vipper.com is an all-in-one travel booking platform that allows users to browse and book international tickets from…
- London-based Ziflow, a SaaS company that provides creative review and online proofing solutions for agencies and brands, announced that it has raised approximately €18.56M in a Series A round of funding. The round was led by US-based Riverside Acceleration Capital (RAC) and Companyon Ventures.…
- Sweden-based Modvion, a company developing modular designs in renewable engineered wood to simplify and improve construction logistics, announced that it has raised approximately €10.98M in funding. The investment came from global wind turbine manufacturer Vestas, Almi Invest Greentech, the…
- Madrid-based Webel, an on-demand home services marketplace, announced that it has raised €550K in Simple Agreement for Future Equity in a funding round led by Trind Ventures. Tiburon (a super angel fund from Daniel Wild and Felix Artmann) and business angels such as Hugo Arévalo (founder of…
- Amsterdam-based Aiir Innovations, a provider of AI-based software solutions for aircraft engine inspection, announced that it has raised €2.1M in an oversubscribed funding round. Aiir Innovations says it will use the funds to grow its remote-first team and expand globally, and set a new standard…
- Freightify a freight rate management platform is solving the complex challenges facing freight forwarders and helping them to do more business faster at lower costs. Freightify announced a $12M debt & equity Series A funding round to help power the digital transformation of Freight forwarders…
- The fifth annual Africa Tech Summit will take place in Nairobi, Kenya, on February 15-16, and fourteen startups from around the continent have been chosen to participate in Pitch Live at the event. Nairobi’s Africa Tech Summit offers knowledge and networking opportunities with the continent’s tech…
- Trade Lenda, a Nigerian fintech startup that provides access to financing for micro, small, and informal retailers’ business needs, has secured US$520,000 in pre-seed funding to accelerate its expansion. Sovereign Capital, ARM Labs, and Expert Dojo, all of which have an interest in the African…
- Convergence Partners, a South African private equity firm, has announced that its Convergence Partners Digital Infrastructure Fund (CPDIF) has closed at $296 million, exceeding its initial objective by more than 18%. Launched in June 2020, the Convergence Partners Digital Infrastructure Fund saw a…
- Yebo Fresh, a South African e-commerce startup that delivers fresh food and groceries to communities, has raised US$4.5 million in pre-Series A equity funding. In addition to Harvest, the local investment fund of Endeavor, and impact investor Elea Foundation from Switzerland, Enza Capital led the…
- The CSI Energy Group, a diverse network of businesses with a focus on Africa that offers sustainable answers to the energy sector across the continent, is behind the OPEN fund. OPEN is looking for energy-related firms run by women with a minimum of three employees and a yearly revenue of more than…
- The sixth AFD Digital Challenge, which is focused on the cultural and creative industries, is now accepting applications. All Cultural and Creative Industries (CCI) startups and organizations that use digital technology at the core of their solution and have a workable business plan are eligible…
- The Swiss Confederation’s State Secretariat for Economic Affairs (SECO) has provided strategic funding to eWAKA, a Kenyan startup working to improve sustainable mobility. Through the local production and marketing of eWAKA’s iconic electric bike, the Shujaa, the SECO Start-up Fund has provided a $…
- Stockholm and New York-based Supernormal, a generative AI-powered note-taking platform, announced that it has raised €9.1M in a Seed round of funding led by Balderton Capital. EQT Ventures, Acequia Capital, and byFounders also participated in the round. So far, the company has raised €10.9M from…
- Utrecht-based Park ‘n Charge, a company on a mission to become the fastest-installing EV charging station operator in the Netherlands, announced that it has raised €16.4M in a fresh round of funding. The investment came from Rabobank, a Dutch multinational banking and financial services company.…
- Aarhus, Denmark-based Kanpla, a B2B SaaS solution company that works to streamline operations and reduce food waste in canteens and kitchens, announced that it has raised €2.2M in a Seed round of funding. Kanpla says it will use the funds to accelerate its expansion into the Netherlands, Norway,…
- Kenyan healthcare startup Zuri Health has announced that it has received funding from Moroccan VC UM6P Ventures. Founded in 2021, Zuri Health is a telemedicine startup that offers patients in Africa access to high-quality, reasonably priced healthcare using mobile apps, websites, WhatsApp chatbots…
- GBarena, an Egyptian e-sports platform, recently made the announcement that it had acquired Galactech, a gaming startup based in Tunisia. The acquisition price is approximately $15 million and will be paid for through a stock swap. A stock-for-stock exchange, or share swap, is a type of merger or…
- Wafeq, a cutting-edge accounting platform with a focus on ease of use, has announced the closing of a $3 million seed funding round. Raed Ventures and Wamda Capital, two of the most renowned names in the region’s early-stage funding ecosystem, led the funding seed round. Over 630,000 invoices are…
- Colombian SME financing fintech KLYM, formerly Omni Latam, announced a $27 million investment round led by JPMorgan and the IFC (International Finance Corporation), a World Bank entity focused on the private sector in developing countries. The startup already had an alliance with JPMorgan related…
- Stockholm-based Anyfin, a fintech app that empowers people to understand and improve their finances, announced that it has raised €30M in a Series C round of funding. With this, the scale-up has now raised nearly €106M in debt and equity rounds. The round was led by existing investor Northzone,…
- La Rochelle-based (France) Shark Robotics, a technology company that specializes in firefighting, defense, and nuclear robotics, announced that it has raised €10M in a fresh round of funding from Move Capital Fund I. Move Capital is a pan-European growth equity fund with a focus on strategic data…
- Utrecht-based Neurolytics, a company that provides AI-based video analytics for HR and recruitment, announced that it has raised €500K in a fresh round of funding. The round was led by the Utrecht Region Regional Development Agency (ROM Utrecht Region), VIE Tech Capital, Family Fund BarUni, and…
- Lithuania-based Oxipit, a computer vision software startup specializing in medical imaging, announced that it has raised €4.4M in a round of funding led by Taiwania Capital, Practica Capital, and Coinvest Capital. Many angel investors also participated in the round. Founded by Gediminas Peksys and…
- Paris-based Welinq, a startup that provides solutions to increase the computational power of quantum processors, announced that it has raised €5M in a pre-seed round of funding led by Quantonation. Runa Capital, the French National Quantum Initiative, the French Banque Publique d’Investissement (…
- Slovakia-based FUERGY, a highly-scalable energy storage solution and AI-powered software platform for smart energy management systems, announced that it has raised €16M in a fresh round of funding. The financing came from Pro Partners Holding investment group. Pro Partners has operations…
- Munich-based KEWAZO, a construction robotics company, announced that it has raised €10M in a Series A round of funding led by Fifth Wall. Cybernetix Ventures, Unorthodox Ventures, and Nemetschek also participated in the round. Existing investors True Ventures and MIG Capital AG also contributed. …
- A total of $6.5 billion, an 8% increase over 2021, was invested in the tech ecosystem across Africa, split across 764 deals in comparison to 2021’s 724 deals. The annual report on Africa Tech Venture Capital has been published by Partech Africa, the VC fund dedicated to technology startups in…
- Africa’s leading tech Accelerator, Startupbootcamp AfriTech, together with founding partner and leading telecom giant, Telecel Group has selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Program (ASIP). The ASIP Accelerator has managed to help founders…
- Tabby, a BNPL company based in the MENA region, has just closed a series C round of funding on $58m, valuing the business at $660m. Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst were among the investors in this round. Tabby is well…
