- Amsterdam-based BAQME, a shared electric cargo bikes startup, announced that it has raised €1.3M in a Seed round through crowdfunding. The company also announced that it has acquired a new lease facility for purchasing e-cargo bikes. High Rise Ventures and a number of angel investors supported the…
- SIDEUP the MENA region’s leading platform for eCommerce services has announced the completion of a $1.2 million seed round. This round saw participation from leading global and regional investors in early-stage growth startups, including Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, …
- Orda, a Nigerian company that develops cloud operating systems for restaurants, has raised US$3.4 million in a seed round to further digitalize the food industry in Africa. Quona Capital and FinTech Collective co-led the seed round, which also included institutional investors Far Out Ventures and…
- The South African seed fund manager 4Di Capital has just completed the second close of its new $25 million fund. IBL Group, a Mauritian conglomerate, contributed an unknown amount through its investment vehicle, IBL Link Investments, to launch the fund in conjunction with DotExe Ventures. The…
- Solarise Africa, an energy leasing company based in Kenya, has secured $33.4 million in debt funding. A significant portion of the round’s total funding—$21.4 million—will come from the Facility for Energy Inclusion (FEI), which served as the round’s main investor. The AfricaGoGreen Fund, which is…
- Synatic, a leader in data integration and automation, has secured an additional $2.5 million in a seed extension funding round led by Allan Gray E-Squared Ventures and UW Ventures. Synatic will use the additional funds to expand market reach in the United States in preparation for Series A funding…
- The Chilean super app against food waste GoodMeal has received an investment from Cristobal Della Maggiora (Betterfly), Ian Lee (Examedi), and Eyal Shats (SimpliRoute). This is within the framework of GoodMeal’s crowdfunding campaign on Broota, where the company has already raised over $1M.…
- San Francisco-based startup Flourish Fi secured $2.3 million in new seed funding led by Magma Partners. The round was joined by Remarkable Ventures, Lightspeed Venture Partners Scout Fund, Canary, Seedstars, Kadmotek VC, I Am the Fund, and a group of impact investors, including Potencia Ventures,…
- Finnish maker of smart energy storage units, Cactos has raised €2.5 million in a combination of equity and debt funding. With its current production operating at maximum capacity, the capital is slated to help the company more than double its factory size in early 2023, allowing for nearly a 10-…
- London-based Dronamics, a cargo drone airline with a license to operate in Europe, announced that it has received an award grant of €2.5M from the European Commission under the European Innovation Council (EIC) Accelerator program. The EIC has also expressed a material commitment to support…
- Germany-based Scantinel Photonics, a startup developing next-gen Light Detection and Ranging (LiDAR) technology for autonomous vehicles, announced that it has raised €10M in its extended Series A round of funding. The investment came from Netherlands-based PhotonDelta and current investors Scania…
- Sweden-based Occtoo, a SaaS-based Experience Data Platform (SaaS) that helps digital teams to build digital experiences and apps faster, announced that it has raised €4.6M in a fresh round of funding. In total, the company has raised €6.7M to date. The investment was led by Amsterdam-based Newion,…
- Sweden-based Volta Trucks, an automotive company offering electric trucks for sustainable cities, announced that it has raised €60M in a Series C extension round. In February 2022, the company raised €230M in the initial Series C funding round. The round was supported by all current investors. The…
- Yandex N.V., Moscow-based internet service firm Yandex Group’s parent company, registered in Amsterdam, announced on Friday, November 25, that it is reportedly looking to sell its business and sever ties with Russia amid heightened tensions between Moscow and the West. The announcement comes an…
- Gold loan platform Indiagold has raised an additional $10 million as part of its extended Series A round from PayU, Alpha Wave, 3one4 Capital, and Leo Capital. The company had raised $12 million previously from the same set of investors, as part of its Series A, in August 2021. According to…
- Global B2B driven talent sourcing platform CBREX, which connects enterprises and recruitment agencies, announced that it has raised $3 million in a Pre-Series A round led by WaterBridge Ventures. The freshly raised funds will be used to ramp up the US go-to-market, on sales and marketing for new…
- Djamo, a fintech in Francophone Africa that is establishing a personal finance company, has raised $14 million in an equity round to continue constructing a full suite of financial services and expand into other countries. Enza Capital, Oikocredit, and Partech Africa jointly led the funding round…
- LoftyInc Capital Management, a Venture capital firm with a focus on early-stage African businesses, has just announced the $14.2 million final close of its third fund, LoftyInc Afropreneurs Fund 3 (LAF3). The fund’s closing in the first quarter of 2022 came after an oversubscription of 40 percent…
- Africa’s Business Heroes (ABH) competition, a flagship philanthropy program launched by the Jack Ma Foundation to highlight and encourage African entrepreneurs, has chosen founders from Tanzania, Kenya, and Egypt as winners. The goal of Africa’s Business Heroes prize competition is to encourage…
- Ramani, based in Tanzania, has just announced the completion of its US$32 million Series A funding round. Ramani is creating a cloud network of micro-distribution centers to support the supply chain for consumer-packaged goods in Africa. Flexcap Ventures and Jared Schreiber led the funding round…
- Grinta, a fintech-enabled B2B tech platform that is digitizing the pharmaceutical supply chain and is based in Egypt, has secured $8 million seed funding round. Raed Ventures and Nclude co-led the funding round, which also includes 500 Global and Endeavor Catalyst of Silicon Valley. Grinta, a…
- Kenyan and Tanzanian startups can receive a grant investment of up to US$102,000 from develoPPP Ventures to help them expand their impact-driven businesses. DeveloPPP Ventures aims to strengthen businesses with entrepreneurship support and funding on behalf of the German Federal Ministry for…
- Goodwell Investments, a social impact investment company, has launched its US$154 million uMunthu II fund with the goal of fostering the expansion of inclusive enterprises in the region. With a focus on underserved communities in Africa and India, Goodwell Investments is an impact investing firm…
- Leta, a B2B platform, has completed a $3 million Pre-SEED round with participation from 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate, Verdant Frontiers Fintech, and angel investors. Leta is a technology firm founded by Nick Joshi last year that creates supply chain &…
- Pivo has announced the completion of a $2 million seed funding round to expand its product offerings to supply chain SMEs. Precursor Ventures, Vested World, Y Combinator, FoundersX, and Mercy Corp Ventures all took part in the funding round. Pivo offers SME vendors in massive manufacturing supply…
- The first company to offer electric buses in Kenya, BasiGo, has announced a funding round of USD$6.6 million. Mobility54, the corporate venture capital unit of Toyota Tsusho, Trucks VC, a Silicon Valley venture capital fund specializing in the transportation sector, and Novastar Ventures, a global…
- Smartprof, an edtech startup based in Morocco that provides a marketplace for private tutoring for school-aged pupils, has raised $110,000 in a pre-Seed funding round. Participating in the investment round were Plug and Play, UM6P Ventures, and a few angel investors. Founded in 2021 by Hamza,…
- A grant agreement has been signed by the African Union Commission (AUC) and the African Development Bank to carry out Phase 1 of the Upstream Project for Digital Market Development in Africa. On November 17, a signing ceremony was held at the AUC headquarters in Addis Ababa, Ethiopia. The…
- Stable Foods, a Kenyan startup, has raised US$600,000 to develop its climate-smart smallholder food production system. Acumen Resilient Agriculture Fund (ARAF) and Mercy Corps Ventures participated in the funding round. Stable Foods, a portfolio startup of Pyramidia Ventures, an agrifood-tech…
- African firms that use innovation to solve critical problems are invited to apply for the TechBridge accelerator program, which grants US$200,000 in funding and other support. TechBridge’s accelerator program provides participants with individualized guidance for business expansion, as well as up…
- Pivo, a Nigerian fintech startup, has closed a US$2 million seed funding round to optimize transaction management and payment settlement for supply chains through the development of new products. Precursor Ventures, Vested World, Y Combinator, FoundersX, and Mercy Corp Ventures are the investors…
- London-based SaaS startup Surfboard has raised about €4.8 million in funding for its collaborative planning tool. The SaaS startup’s platform better connects teams through data to make work more human, reducing burnout and increasing scheduling flexibility. Founded in 2021, Surfboard was developed…
- Period care and sexual health brand Here We Flo has raised about €1.9 million to bring sustainability and body-positivity to women’s health. The London-headquartered startup now plans to expand internationally. Period care and sexual health remain market areas that are oftentimes seen with…
- Paris-based Fairmat, a deep tech startup that aims to recycle advanced materials such as carbon fiber-based composites, announced that it has secured €34M in a Series A round of funding. This funding marks one of the largest Series A rounds for a deep tech startup in France and Europe this year.…
- Germany-based Buynomics, a SaaS platform, announced that it has secured €13M in a Series A round of funding led by Insight Partners. Other existing investors including LaFamiglia, Seedcamp, Dieter von Holtzbrinck Ventures (DvH Ventures), and Tomahawk, also participated. The German company will use…
- Madrid-based Cobee, an online platform that automates and simplifies employee benefits management, announced that it has closed €40M in its Series B round of funding. The investment was led by the British investment funds Octopus Ventures and Notion Capital. Additionally, existing investors…
- Addem Capital, a Mexico City fund focused on Latin America, granted $3.1 million to Atria, a start-up that offers loans for the purchase of pre-owned cars in the country. This is the second investment that the company has received and it has the option to extend up to $15 million in the following…
- Colombian startup Finkargo announced a new financing round for $75 million in structured credit to accelerate the growth of more than 600 SMEs in the country over the next year. The investment was made by Community Investment Management (CIM), an impact investment fund that provides financing to…
- Betafi, a unified user research platform, has raised $1.3 million in pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital with participation from Nir Eyal and founders from leading companies such as Razorpay, Pine Labs, Snapdeal, Livspace, and others. “I’m super excited to…
- Blnk, an Egyptian start-up offering consumer loans, has secured a US$32 million debt and equity funding round. The company has recently received $23.7 million in equity and debt capital and $8.3 million in securitized bond issuance. The pre-seed and seed investment rounds totaled US$12.5 million,…
- CutStruct Technology, a startup in Nigeria, has secured a US$600,000 pre-seed funding round. With the support of angel investors, notably Kola Aina, the pre-seed investment round was co-led by Zedcrest Capital, DFS Lab, and LoftyInc. CutStruct, a company founded by John Oamen and Tayo Odunsi, has…
- Contro, a telehealth firm based in South Africa that specializes in sexual health and confidence-building services, has announced the completion of an oversubscribed pre-seed investment round, which raised a total of US$585,000. Four international and local venture capital firms—Plug & Play,…
- WafR, a Moroccan retail technology startup, has raised an additional US$120,000 in funding as it continues to organize its network of grocery stores. WafR assists retail brands in delivering promotions to grocers. The business had closed a US$1.075 million seed round earlier this year, and it has…
- Modus, a New York-based venture platform, has opened Modus Africa, a venture capital fund supporting artificial intelligence and blockchain startups in sub-Saharan Africa. Modus operates three business units that target entrepreneurs and startups in the MENA and GCC countries as a “holistic…
- To support early-stage startups across Africa, the Middle East, Central Asia, and Pakistan, the International Finance Corporation (IFC) has established a $225 million venture capital platform. IFC stated it will also use the sector-neutral platform to collaborate closely with other World Bank…
- The French telecommunications company Orange has taken the first step in expanding its high-speed broadband offering to further areas in the Middle East and Africa by launching a new 5G network in Botswana. When it comes to offering high-speed internet to people in Africa, Orange is primarily…
- Mexico City-based Perfekto raised $1.1 million in pre-seed funding with the participation of Goodwater Capital, Alan Rutledge, and Asymmetry Ventures to expand its subscription box of imperfect produce programs across Mexico. Perfekto is a platform that aims to avoid food waste, where buyers…
- Fintech Ping raised $15 million in seed funding from a group of investors, including Y Combinator, Race Capital, BlockTower, Danhua Capital, Signum Capital, and Goat Capital. Ping is a global payment and invoicing solution that aims to solve payment challenges in Latin America, where about 70% of…
- Parisian startup Pelico has announced raising a $18.5 million round for its supply chain management software proposition. The round was led by VCs Serena Capital and 83North. Pelico also raised funds from La Famiglia, ISAI, and a slate of angel investors, including Adrien Nussenbaum (of e-commerce…
- UK-based pet insurance startup Napo yesterday announced raising £15 million in a series A funding led by DN Capital, and backed by the pet care-focused Companion Fund. Founded in 2021, Napo’s insurtech platform offers pet owners policy quotes in minutes. Typically a £75 flat fee is payable when an…
