- O-Farms, a Kenyan agri-circularity accelerator, has selected ten startups for its second edition and will provide up to $24,000 in milestone-based funding to two peer-selected companies. O-Farms was established in 2021 as Africa’s first agri-circularity-focused accelerator program, led by Bopinc…
- Flow, a real estate and property management technology business based in South Africa, has closed a pre-Series A funding round totaling $4.5 million. Futuregrowth Asset Management served as the funding round’s lead investor, and Endeavour Harvest Fund and serial entrepreneur and investor Steven…
- Carry1st, a mobile games publisher based in Africa, has just secured a $27 million pre-Series B investment to help it grow its business and create more games. With the support of Andreessen Horowitz, TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures, and Konvoy, Bitkraft Ventures led…
- The satellite internet provider Starlink, founded by Elon Musk, has announced it will begin operations in Kenya in Q2 of 2023. The company is still seeking service coverage as well as approval from regulatory authorities. “Starlink plans to offer service in your area beginning in the second…
- The new MacBooks powered by Apple’s M2 Pro and M2 Max CPUs were launched earlier than expected. Prices for the new Mac mini start at $599 and it will be available from January 24. The 13-inch MacBook Pro with the M2 chip starts at $1,299, while the 14- and 16-inch models with the newest chips…
- Amazon has regained its position as the most valuable brand in the world, according to the annual Brand Finance Global 500 rating, despite losing $51 billion this year, or 15% of its worth. Despite a challenging year for the technology industry, the e-commerce giant Amazon managed to unseat Apple…
- Kwara, a fintech company based in Kenya, has just completed a $3 million seed extension funding. Existing investors DOB Equity and Globivest, as well as the founder of Kobalt Music, participated in this round of funding. One Day Yes and Base Capital are among the new investors, while Revolut’s…
- The Earthshot Prize, a global environmental prize to find, accelerate, and scale ground-breaking ideas to repair and renew the earth, has invited African startups to submit applications. Any African organizations, businesses, governments, or individuals who are actively working to protect and…
- TeamApt a prominent commercial banking platform in Africa has relaunched as Moniepoint, the name of its flagship product, to better fit with a name that is already well-known and trusted by the company’s clientele. The company was founded in 2015 to provide banks with products and financial…
- The Ghana Revenue Authority imposed a fine of approximately $773 million on MTN Ghana, which is a part of MTN Group, for allegedly underreporting the amount of revenue it generated. Penalties and interest are included in the fine. According to a statement released by MTN Ghana, the Ghana Revenue…
- Hospitality and travel industry technology provider HotelRunner has raised $6.5 million in a Series A funding round. The capital is expected to support the company’s growth aspirations, particularly via launches in both the US and LATAM markets. Since 2012, the startup has taken on only $8.5…
- Switzerland-based Open Forest Protocol (OFP), an open platform to measure, verify and fund forestation projects, announced on Wednesday that it has raised € 3.8M in a pre-seed round of funding from multiple VCs and angel investors. Some of the investors are Shima Capital, Übermorgen Ventures, Not…
- Berlin-based Mondu, a B2B payments company, announced on Thursday that it has secured €11.9M in a Series A extension round of funding led by Valar Ventures along with FinTech Collective. The announcement comes a couple of months after raising €20M in a debt round of funding from German bank…
- Riga-headquartered Aerones, a provider of robot-enabled wind turbine maintenance and inspections service, announced that it has closed €27M in growth capital in a round co-led by Lightrock and Haniel. Blume Equity, Change Ventures, Mantas Mikuckas, Metaplanet, Pace Ventures, and Future Positive…
- Eindhoven-based Incooling, a company that designs and develops two-phase cooling system solutions for data centers, announced that it has closed a €3.5M pre-series A round of funding led by Pierburg Pump Technology, part of the Sensors and Actuators Division of Rheinmetall AG. The Sensors and…
- Belgium-based Cumul.io, a data visualization company that provides a low-code platform for data analysis with integration into other SaaS platforms or applications, announced that it has raised €10M in a Series A round of funding. Cumul.io says it will use the funds to further strengthen its global…
- Stitch, a fintech company based in South Africa has invited early-stage companies from all around the continent to present their solutions to investors and other stakeholders as part of its second startup showcase. The company, which last year hosted its inaugural startup showcase, is currently…
- Gebeya, based in Ethiopia, is a SaaS-enabled pan-African talent marketplace, and it has just announced a pre-Series A investment from Inclusion Japan, a Japanese VC firm. Gebeya connects startups, SMEs, and multinational organizations with vetted, qualified talent and professional services in more…
- KarmSolar, a solar power generator and electricity distributor based out of Egypt, has raised $3 million in debt finance to help advance the construction and implementation of the Farafra Solar Grid. HSBC took part in the investment round with the expertise of Ezdaher Financial Consultancy. …
- In a deal that might be valued up to US$684 Million, German biotech firm BioNTech SE purchased InstaDeep, a Tunisian AI startup founded in 2014. The purchase is in line with BioNTech’s aim to establish global leadership in AI-driven drug discovery and the creation of next-generation…
- In a deal that might be valued up to US$684 Million, German biotech firm BioNTech SE purchased InstaDeep, a Tunisian AI startup founded in 2014. The purchase is in line with BioNTech’s aim to establish global leadership in AI-driven drug discovery and the creation of next-generation…
- Jetstream Africa, a Ghana-based e-logistics platform for African exporters and importers, has raised US$13 million in debt and equity finance to aid in its expansion. The funding round included participation from existing investors Alitheia IDF and Golden Palm. ASC VC, Octerra, Cauris, Senegal’s…
- Releaf, a Nigerian agri-tech startup, has successfully raised US$3.3 million in an oversubscribed pre-Series A fundraising round. Releaf, a Nigerian agri-tech startup, has successfully raised US$3.3 million in an oversubscribed pre-Series A fundraising round. Samurai Incubate Africa, which had…
- According to reports, Apple may launch a MacBook Pro laptop with a touchscreen as early as 2025. The report claims that Apple has dedicated teams working on the project and that an initial version will feature a touchscreen, trackpad, and keyboard. According to the report, Apple is now working on…
- Chilean-born HealthAtom raised a $10 million Series A led by Kayyak Ventures, with participation from FJ Labs, Soma, Amador, Taram, and a number of angels. The company wants to continue its expansion in Latin America and create a unique platform of technological solutions to improve the quality…
- Rotterdam-based Equalture, an HRtech startup has secured €2.5M in funding led by serial entrepreneur Pieter Schoen’s Shoe Investments. Existing investors 4impact and InnovationQuarter Capital, and two angels, also participated in the round. The Dutch company says it will use the funds to develop…
- Luxembourg-based Tadaweb, a company that provides an open-source intelligence platform to transform how businesses generate intelligence from publicly available data, announced that it has raised €15M in a fresh round of funding. The funding came from Paris-based investment firm Wendel’s investment…
- UK-based Oxford Ionics, a startup solving critical scalability issues facing the future of quantum computing, announced that it has raised £30M in a Series A round of funding from some of the world’s leading quantum and tech investors. Oxford Ionics has now raised a total funding of £37M. Oxford…
- Denmark-based Evosep, the bioscience company that claims to be leading the standardization of proteomics for clinical use, announced that it has raised €37.48M in a fresh round of funding. Evosep aims to improve quality of life and patient care by innovating how protein-based clinical diagnostics…
- London-based Apperio, a provider of legal spend analytics and matter tracking software, announced that it has secured $7M in a growth funding round led by Molten Ventures. Notion Capital, IQ Capital, Nextlaw Ventures, Volution, and Hambro Perks also participated in the round. The company’s CEO…
- Amsterdam-based VonWood, a digital trading platform for Wood, announced that it has raised €2.7M from Peak, Dutch Founders Fund, Keen, and several strategic partners. The Dutch company says it aims to accelerate the platform’s growth and disrupt the traditional supply chain, making the wood market…
- Edtech SaaS startup Toddle has raised $17 million led by Sequoia Capital India in its Series A round. It also saw participation from Tenacity Ventures and Trifecta Capital along with existing investors Matrix Partners, Beenext, and Better Capital. With this, the company has raised a total funding…
- Agritech startup Cropin has raised approximately $14 million in funding from Google and JSR Corporation in a round that saw participation from its existing investors. This comes at a time when the agritech sector has seen funding pouring in on the back of investors’ optimism in the nascent sector’s…
- Solarise Africa, a Kenyan energy provider, has received an additional US$3 million from EDFI ElectriFI to help select commercial and industrial (C&I) customers throughout the continent with specific financing options for decentralized energy solutions. In addition to raising US$33.4 million in…
- Health food brand The Whole Truth Foods, a clean-label health food brand, has raised nearly $11 million, in a Series B funding round from existing investors Sequoia Capital India and Matrix Partners India, according to regulatory filings shared by company intelligence platform Tofler. Founded in…
- Berlin-based consumer e-commerce brands holding company Razor Group has received $70 million in funds to drive long-term growth, taking its business model into more geographies, e-commerce verticals, and marketplaces. The round is led by consumer-focused investment firm L Catterton, supplying funds…
- Centbee, a London-based facilitator of digital money payments on the Bitcoin blockchain BSV, has closed its pre-series A round at $1 million with funding from Calvin Ayre, founder of bitcoin VC player Ayre Ventures. Founded in 2017, Centbee has developed its own digital cash wallet which runs on…
- Rotterdam-based Levvr, a startup that develops a web application for effective information management in the construction industry, announced that it has raised €1M in a fresh round of funding. The investment came from investors including Bert van der Els (ex-CEO Heijmans), Gert Jan Troost (former…
- Netherlands-based Strohm, a hydrogen pipeline company, announced that it had raised €15M in a fresh round of funding. According to a statement from the Dutch company, this is the largest funding round in the company’s 15-year history. Strohm’s €15M investment includes a €10M commitment from ING…
- Amsterdam-based Borski Fund has become the first venture capital fund to receive the nod (and financial backing) from Visa Foundation as part of its Equitable Access Initiative, a five-year, $200 million strategic commitment to support gender-diverse and inclusive small businesses around the world…
- Netherlands-based Aiosyn, a startup developing a diagnostics platform that uses AI to support pathologists with accurate and efficient clinical diagnostics, announced that it has raised €2M in a fresh round of funding. The round was led by Utrecht-based Health Innovations along with Oost NL, an…
- Paris-based Vianova, a collaborative mobility data platform, announced that it has secured €6M in a Series A round of funding led by Baloise. Other investors in the round include La Poste Ventures, operated by XAnge, RATP Capital Innovation, Ponooc, and Contrarian Ventures. Vianova says it will use…
- Rotterdam-based Alicia, an insurance-as-a-service provider for freelancers, announced that it has raised €7M in a Seed round of funding. The investment comes from various strategic partners, including Volta Ventures, Randstad Innovation Fund, and Achmea Innovation Fund. Founded in 2019 and led by…
- Collegedekho has said it raised $9 million from its existing investor Winter Capital Partners. The startup is a college admission and higher education services platform. Founded by Ruchir Arora, Saurabh Jain, and Rohit Saha, Collegedekho was launched as a student guidance platform in 2015. It…
- As the year 2022 comes to a close, we’d like to spotlight a few of our top publications from the year. What a year it has been, and certainly not one that anyone would have predicted. Looking back on the past year helps identify defining milestones and paves the way for a resilient future. In […]…
- CheckMe, an Egyptian e-health startup, purchased DoctorOnline in a deal that increased its market worth to $20 million. CheckMe is a customer-focused marketplace mobile application that was established in 2020 and is supported by the T3G investment group. It offers on-demand medical lab services…
- Twitter has introduced a new program called Blue for Business, which is a premium subscription service designed to assist businesses in distinguishing themselves on Twitter and establishing their credibility on the platform. In essence, the new tool will assist businesses in tying their official…
- Daystar Power, a Nigerian company that specializes in providing hybrid solar power solutions for commercial and industrial (C&I) firms in West Africa, has announced that Shell has completed the acquisition of the company. This comes after regulatory authorities gave their clearance. One of the…
- Qualcomm, a world leader in wireless technology, has announced the African Innovation Platform, a collection of mentorship, education, and training programs designed to foster the growth of Africa’s budding technological ecosystem. The platform will give access to Qualcomm’s engineers and its…
- Nine African startups have completed Techstars Toronto’s program, the organization has announced. Nine African startups were chosen out of a total of twelve that participated in the cohort. The nine African business owners selected to participate will receive US$120,000 in investment and access…
